Royal Dutch Shell has named the former head of the world’s largest mining company as its new chairman.
Sir Andrew Mackenzie, a Scottish scientist who led BHP until 2019, will succeed after the oil major’s annual meeting in May Chad Holliday will step up to initiate a strategic shift to low carbon energy.
He will chair a Shell board that is balanced for the first time since Jane Lute was appointed non-executive director.
Shell also announced that the remuneration for Ben van Beurden, his CEO, fell by two fifths to 5.8 million euros last year, as he suffered losses and lowered his dividend.
The Anglo-Dutch group is Europe’s largest oil company and was hit hard by the collapse in Europe last year
Ref: https://www.thetimes.co.uk
