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.
-
Could Labour introduce a 2% wealth tax?As the chancellor puts the final touches to next week’s Spring Statement, there are growing calls for a 2% wealth tax to be introduced. Campaigners say it would tackle economic inequality and raise billions of pounds in revenue
-
Who will miss out on the state pension triple lock?Not all pensioners have their state pensions increased each year in line with the triple lock. We explain who misses out
