Shell appoints Wael Sawan as CEO to lead transition

Shell (SHEL.L) appoints Wael Sawan as chief executive officer. Sawan’s appointment comes at a pivotal time for the oil giant, which is aiming to reduce emissions to net zero by 2050 and moving away from fossil fuels even as Europe looks to fossil fuels to survive a growing energy crisis.

Sawan previously headed Shell’s oil and gas production business and now oversees its low carbon energies and giant gas business.

Sawan was well known to investors and expected his appointment to have limited impact on Shell’s strategy.

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