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On December 11, Shell plc announced significant updates regarding its board of directors ahead of the upcoming Annual General Meeting (AGM). This announcement represents a crucial moment for the company as it prepares to enter a new phase with fresh perspectives and experienced leadership.
The changes include both departures and new appointments, reflecting Shell’s commitment to fostering a dynamic and effective governance structure. Among the notable shifts, Catherine Hughes, a Non-Executive Director and Chair of the Sustainability Committee for nine years, will not seek re-election.
Similarly, Neil Carson, another Non-Executive Director, will also step down after his seven-year term.
Table of Contents:
New appointments to the board
In a bid to invigorate its leadership, Shell plc has appointed two new Non-Executive Directors: Holly Koeppel and Clare Scherrer. Both will officially join the board on January 1. Koeppel is expected to contribute her extensive experience in the energy sector to the Audit and Risk Committee and the Sustainability Committee. Scherrer will also join the Audit and Risk Committee and contribute to the Remuneration Committee.
Insights from the chairman
Sir Andrew Mackenzie, the Chairman of Shell plc, expressed gratitude towards the departing members, stating, “I would like to extend my sincere thanks to Catherine for her distinguished nine years of service, particularly her leadership in sustainability initiatives. Her industry knowledge and operational expertise have been incredibly beneficial to our organization.” He also acknowledged Neil Carson’s valuable contributions during his tenure, emphasizing his broad industrial perspective that enriched board discussions.
As Shell undergoes this transformation, Mackenzie articulated enthusiasm for integrating Koeppel and Scherrer into the board. Both were recommended for their appointments by Shell’s Nomination and Succession Committee after an extensive search process, which highlighted their relevant skills and experiences. Koeppel’s background in financial and operational leadership roles in the global energy industry positions her as a valuable asset, while Scherrer’s expertise in managing capital-intensive industrial enterprises is poised to drive growth and value creation.
Committee memberships and future outlook
Additionally, there will be changes in the committee memberships following the conclusion of the AGM. Sir Andrew Mackenzie will take on the role of Chair for the Sustainability Committee, further underscoring Shell’s commitment to sustainable practices and corporate responsibility.
Future direction and shareholder involvement
Each director’s position is contingent upon reappointment by the shareholders during the upcoming AGM. This mechanism ensures that the board continues to align with the expectations and interests of its stakeholders. The board structure after the AGM will be as follows:
| Committee | Membership |
| Audit and Risk Committee | Ann Godbehere (Chair) Dick Boer Cyrus Taraporevala Sir Charles Roxburgh Holly Koeppel Clare Scherrer |
| Nomination and Succession Committee | Sir Andrew Mackenzie (Chair) Dick Boer Ann Godbehere |
| Remuneration Committee | Cyrus Taraporevala (Chair) Bram Schot Jane H. Lute Dick Boer Clare Scherrer |
| Sustainability Committee | Sir Andrew Mackenzie (Chair) Bram Schot Jane H. Lute Leena Srivastava Holly Koeppel |
Shell plc’s proactive approach in reshaping its board underscores its dedication to navigating future challenges while fostering a culture of innovation and sustainability. As the company embarks on this new chapter, stakeholders can anticipate a board that is not only diverse in expertise but also aligned with the company’s long-term strategic objectives.
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