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Shell Names New CEO as Longtime Boss Steps Down

Shell PLC named Wael Sawan, its head of integrated gas and renewables, as its next chief executive, replacing longtime CEO Ben van Beurden and marking a changing of the guard at one of the world’s biggest oil companies.

The London-listed company said Thursday that Mr. Sawan would assume the position on Jan. 1, when Mr. van Beurden steps down after nine years in the role. Mr. van Beurden will continue working as an adviser to the board until June 30, after which he will leave the company.

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