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UK-based LNG giant Shell has appointed Cederic Cremers as president of integrated gas and Peter Costello as upstream president following the departure of Zoe Yujnovich.
Shell said on Tuesday that its integrated gas and upstream director, Yujnovich, will step down effective March 31, after more than a decade of service with Shell.
Yujnovich will assist with the transition, after which she will leave the group.
Cremers and Costello will be both joining Shell’s executive committee effective April 1.
Shell noted that Cremers was appointed executive VP, liquefied natural gas in August 2021, a role that was expanded in 2024 to include Shell’s fas to liquids assets.
Also, Costello was appointed executive VP, conventional oil and gas in November 2021 after serving as senior VP of that same business.
From April 1, leaders on Shell’s executive committee representing integrated gas, upstream, downstream, renewables and energy solutions, trading and supply, and orojects and technology, will each be referred to as president of their respective organisations, rather than director, Shell said.
Functional leaders on the executive committee will be referred to as chief officer of their respective functions, it said.
Next phase of transformation
In January, Shell appointed two new directors after Huibert Vigeveno, downstream, renewables, and energy solutions director, decided to step down after 30 years with the company.
Shell said that Andrew Smith will be appointed director, trading and supply, and Machteld de Haan will be appointed director, downstream, renewables, and energy solutions, with both joining the executive committee from April 1, 2025.
“We have made significant progress in the last two years building stability with a track record of strong performance and active portfolio management, while simplifying our business,” CEO Wael Sawan said.
“Now is the right time to begin the next phase of our transformation. Going forward, we will delayer our most senior leadership structure to reflect the three primary areas of business value – integrated gas; upstream; and downstream, renewables and energy solutions, whilst also elevating trading and supply, which is a key enabler across the organisation,” he said.
“In the first half of 2026, we will also integrate the technical divisions, that today make up our projects and technology directorate, into our business lines. This further simplification will empower our businesses by bringing these technical capabilities closer to where we generate value,” Sawan said.