Shell names new finance chief after Jessica Uhl steps down

Energy giant Shell has appointed Sinead Gorman as its new chief financial officer, succeeding current CFO Jessica Uhl.

After a career of 17 years with Shell, the last five years as CFO, Jessica Uhl would step down from her role on March 31, 2022, the LNG giant said in a statement on Tuesday.

Uhl would be available to assist Gorman and the board with transition until June 30, 2022, after which she would leave the group, it said.

Gorman will take over as finance chief on April 1 and will also become a member of both Shell’s executive committee and board of directors.

Sinead is currently executive vice president, finance in Shell’s global upstream business.

According to the statement, she started her career as a civil engineer before embarking on a finance career when she joined Shell in 1999.

Since then, she has held several increasingly senior finance roles in all Shell’s major businesses, in Europe, North America and latterly globally.

Simplification

Last month, Shell had started trading with a single line of shares, completing its simplifaction process which included moving its headquarters from the Netherlands to Britain.

Shell officially removed “Royal Dutch” from its name, as part of plans to ditch the company’s dual share structure.

The company said Uhl was a “key architect” of recent strategic changes, including the simplification of the company’s share structure and the relocation of the corporate headquarters.

“However, due to family circumstances a long-term relocation to the UK is not sustainable, and therefore she will step down from her role,” Shell said.

“The board is immensely grateful to Jessica for her tremendous contribution to the company over many years, but particularly as CFO and especially during the past two years as we successfully tackled the many challenges presented by the pandemic,” Shell’s chair Andrew Mackenzie said.

“I am delighted to welcome Sinead to the leadership of our company. She combines broad finance, trading, new business development and capital projects experience with a deep knowledge of Shell, and a strong commercial and external focus,” Mackenzie said.

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