ArabFinance: London-based energy giant Shell announced that it will name Wael Sawan as the new CEO as of January 1^st 2023, according to a press release on September 15^th.

Sawan will succeed Ben van Beurden who will resign at the end of 2022.

Ben van Beurden will continue working as an adviser to the Board until June 30^th 2023.

Commenting on the news, Shell’s chairman Andrew Mackenzie said: “Wael Sawan is an exceptional leader, with all the qualities needed to drive Shell safely and profitably through its next phase of transition and growth.”