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Shell splits renewables business in CEO efficiency drive

  • 📰 Reuters
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  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

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Shell is splitting up its renewables and low-carbon division as part of CEO Wael Sawan's shake-up to boost the energy giant's returns.

A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May JamesWind and solar placed under regional headsis splitting up its renewables and low-carbon division as part of CEO Wael Sawan's shake-up to boost the energy giant's returns.

Shell is eliminating the global role of executive vice president for renewable generation held by Thomas Brostrom, who joined the company in 2021 from Danish renewables giant Orsted, a company spokesperson said. At the same time, Shell named Anna Mascolo as executive vice president for low carbon products and sectors, including biofuels, carbon capture and nature-based solutions.The changes were first reported by Bloomberg.the oil and gas production and liquefied natural gas divisions and place the renewables business in the downstream division.

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