Shell plc announces changes to the Executive Committee

Executive Changes - Huibert Vigeveno, Downstream, Renewables and Energy Solutions Director, will step down effective 31 March 2025 after 30 years of service [1] - Wael Sawan, CEO, praised Vigeveno for his contributions, including leading the BG integration and transforming Downstream, Renewables and Energy Solutions [2] - Andrew Smith will be appointed Director, Trading and Supply, and Machteld de Haan will be appointed Director, Downstream, Renewables and Energy Solutions, both joining the Executive Committee from 1 April 2025 [2] New Appointments Background - Andrew Smith has been with Shell since 1986, holding various roles including Executive Vice President, Trading and Supply, and leading Shell's LNG and Onshore Gas businesses in Australia [6] - Machteld de Haan joined Shell in 1998, with experience in Lubricants, Chemicals and Products, and most recently as Executive Vice President, Global Lubricants [6] Company Strategy and Structure - Shell continues to evolve its structure to deliver more value with less emissions, aligning with its ongoing transformation [2] - The changes do not affect Shell's financial reporting segments, which remain Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate [6] Environmental Goals - Shell's operating plans reflect Scope 1, Scope 2, and Net Carbon Intensity (NCI) targets over the next ten years but do not yet reflect the 2050 net-zero emissions target [10] - Shell's NCI includes emissions from production, suppliers, and customers' use of energy products, as well as emissions from products purchased for resale [9]