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Finance

Shell downstream boss Vigeveno steps down

Published by Global Banking and Finance Review

Posted on January 23, 2025

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By Ron Bousso and Yadarisa Shabong

LONDON (Reuters) -Shell's head of downstream and renewables Huibert Vigeveno will step down after 30 years with the energy major and be replaced by insider Machteld de Haan, the company said on Thursday.

De Haan, who joined Shell in 1998 and has been executive vice president of Shell's chemicals and products business since 2023, will take on the role on April 1.

Shell also said that head of trading Andrew Smith, who previously reported directly to Vigeveno, will be appointed director and join the executive committee alongside de Haan, in a sign of the growing importance of oil and gas trading under CEO Wael Sawan.

Vigeveno had headed the refining and marketing division since 2020. In 2023 Shell added its renewable operations to the division. He was seen as a candidate to succeed CEO Ben van Beurden, who left in 2020.

(Reporting by Yadarisa Shabong in Bengaluru; editing by Janane Venkatraman and Jason Neely)