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Shell Makes Executive Change as Ronan Cassidy Steps Down

Shell has made an executive change following Ronan Cassidy’s departure. Cassidy, Chief Human Resources and Corporate Officer, has made the decision to leave his post with effect from December 31, 2023, and leave the group altogether.

According to Shell’s media release, current Executive Vice president, Human Resources Organization Development & Learning, Rachel Solway, will step up to the vacant position with effect from January 1, 2024. Solway will be based in London, Shell said.

“I’d like to thank Ronan for his 35 years of distinguished service to Shell. In his eight years on the Executive Committee, Rona has helped steer us through transformational change and several exceptional events, including the Covid-19 pandemic, with wisdom, integrity and foresight. He has championed employee engagement, ethical leadership and diversity, equity, and inclusion, and will leave having helped change Shell for the better,” Shell CEO Wael Sawan said.

“Rachel will bring a deep commitment to performance culture, and great energy and care for people, to this role. As we deliver more value with less emissions in the coming years, through a focus on performance, discipline and simplification, Rachel will help us collectively realize Shell’s full potential,” Sawan added.

The appointment follows a 64 percent quarter on quarter drop in income attributable to Shell shareholders. The company posted a $3.1 billion income in the second quarter, down from $8.7 billion in the first quarter of 2023.

The company said in its media release at the time that the drop compared to the first quarter mainly reflected lower LNG trading and optimization results, lower realized oil and gas prices, lower refining margins, and lower volumes.

The drop for the first half of the year stopped at 53 percent, reaching $11.8 billion, down from $21.5 billion posted in the first half of 2022.

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