Shell boss Ben van Beurden is set to step down at the end of 2022, the oil giant said.
Mr van Beurden will be replaced by Wael Sawan, Shell’s head of gas and renewables.
Mr Sawan, a Lebanese-Canadian national who previously ran Shell’s oil and gas exploration business, was seen as a favorite to take on the top job.
He now oversees Shell’s growth into low-carbon energy, as well as its huge gas business.
Mr Sawan said he will “seize the opportunities of the energy transition”.
“We will be disciplined and value-driven in working with our customers and partners to deliver the reliable, affordable and clean energy the world needs,” he said.
Shell chairman Sir Andrew Mackenzie said Mr van Beurden had “pioneered Shell’s transition to a zero-emissions energy company by 2050 and has become a leading voice for the industry on some of the most important societal issues”.
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