Royal Dutch/Shell CEO Peter Voser will step down as CEO of the oil major. The company will now be looking to hire a successor for Voser who announced his intent to step down recently before his 56th birthday. Shell’s succession planning is heavily reliant on growing talent internally rather than hiring from the external market.
The company will appoint a three-member nomination committee to identify and nominate potential successors. The current finance director of the company, Simon Henry, is regarded as a potential front-runner for the CEO post.
Read the report from the Economic Times here.