English translation of an article published today by the Dutch FT
Shell needs to consider Van Beurden succession
From our editor
CFO Jessica Uhl and CEO Ben van Beurden before the start of the Shell Shell shareholders’ meeting in Scheveningen last May. Photo: Piroschka van de Wouw / Reuters
In brief
- Investors say in the Sunday Telegraph that Shell should reflect on the position of its top man.
- The British newspaper published a story based on anonymous sources.
- Shell is struggling: last week, the dividend was cut for the first time in decades.
One of Shell’s largest shareholders has suggested that the oil and gas company should start thinking about succeeding CEO Ben van Beurden, the day after Shell reduced its dividend for the first time since World War II. That writes the Sunday Telegraph. The British newspaper has spoken to two investors from the top 20 largest shareholders, one of which says it is time for a ‘changing of the guard’. read more
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