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THE HAGUE, Netherlands -- Royal Dutch Shell PLC revealed a reorganization of its senior management roles and responsibilities, effective July 1, in an effort to increase focus on operating performance and technology.
"This new structure will increase accountability in the company, and improve Shell’s performance on delivering new projects and developing new technologies," Peter Voser, who will succeed Jeroen van der Veer as CEO as of July 1, said in a statement. "These changes will increase our focus, accelerate our plans to reduce complexity, corporate overheads and costs, and result in faster decision-making and delivery."
The downstream business division—which includes Refining, Marketing and Chemicals segments—will be expanded to include Trading and Alternative Energy activities, but excludes Wind, which will be part of Upstream organization. The downstream organization will continue to be led by Director Mark Williams.
Shell's upstream business unit is currently managed in three separate organizations—Exploration & Production, Gas & Power and Oil Sands. Following the restructuring, the division will consist of two businesses—Upstream Americas, covering North and South America; and Upstream International, covering the rest of the world.
With the change, Marvin Odum, executive vice president for EP Americas, will become director of Upstream Americas, while Malcolm Brinded, Shell’s executive director Exploration & Production, will become executive director of Upstream International, the company stated.
Meanwhile, a new business called Projects & Technology will combine all of Shell’s major project delivery, technical services and technology capability in both the upstream and downstream areas, according to the company.
The new segment will also oversee Shell’s safety and environment performance. Overseeing this business will be Matthias Bichsel, currently executive vice president for Exploration & Production Technology, who will be promoted to director.
Other corporate functions will be reallocated directly into the businesses, or consolidated into the responsibilities of Chief Financial Officer Simon Henry and Hugh Mitchell, human resources director, who will assume the new title of chief human resources and corporate officer, the company stated. Beat Hess will continue as general council.
"We have made good progress on simplification and improving efficiency in recent years, but the competition is not standing still, and neither is Shell," said van der Veer.
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