Royal Dutch Shell has announced its chemicals chief will be the new man in charge of downstream operations.
Ben van Beurden will become Downstream Director, effective January 1st 2013, and will take a seat on the company's Executive Committee.
Downstream operations include those closer to the point of sale, such as refining and distribution, rather than exploration and production activities, which are classified as upstream.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Van Beurden, Shell's Executive Vice President Chemicals since 2006, joined Shell in 1983 and has held various engineering, plant management and operations and commercial roles in the Netherlands, Africa, Malaysia, UK and the USA.
He replaces Mark Williams who will be returning to the United States and leaving the company after 33 years "distinguished service", the company said.
-
RICS: Housing market continues to strengthen but 2025 could be challengingThe latest survey by the Royal Institution of Chartered Surveyors reports a resilient UK housing market, but warns of headwinds next year
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrencyAccording to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
