Finance

Shell downstream boss Vigeveno steps down

Published by Global Banking & Finance Review

Posted on January 23, 2025

1 min read

· Last updated: January 27, 2026

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Huibert Vigeveno stepping down as Shell downstream head - Global Banking & Finance Review
Image depicting Huibert Vigeveno, Shell's outgoing downstream boss, who is stepping down after 30 years. This leadership change signals a shift in Shell's strategy in the energy sector, focusing on renewables.
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By Ron Bousso and Yadarisa Shabong LONDON (Reuters) -Shell's head of downstream and renewables Huibert Vigeveno will step down after 30 years with the energy major and be replaced by insider Machteld

Shell Downstream Leadership Change: Vigeveno Steps Down

By Ron Bousso and Yadarisa Shabong

LONDON (Reuters) -Shell's head of downstream and renewables Huibert Vigeveno will step down after 30 years with the energy major and be replaced by insider Machteld de Haan, the company said on Thursday.

De Haan, who joined Shell in 1998 and has been executive vice president of Shell's chemicals and products business since 2023, will take on the role on April 1.

Shell also said that head of trading Andrew Smith, who previously reported directly to Vigeveno, will be appointed director and join the executive committee alongside de Haan, in a sign of the growing importance of oil and gas trading under CEO Wael Sawan.

Vigeveno had headed the refining and marketing division since 2020. In 2023 Shell added its renewable operations to the division. He was seen as a candidate to succeed CEO Ben van Beurden, who left in 2020.

(Reporting by Yadarisa Shabong in Bengaluru; editing by Janane Venkatraman and Jason Neely)

Key Takeaways

  • Huibert Vigeveno steps down after 30 years at Shell.
  • Machteld de Haan to succeed Vigeveno as downstream head.
  • Andrew Smith joins Shell's executive committee.
  • Shell emphasizes oil and gas trading under new CEO.
  • Vigeveno was a potential candidate for Shell CEO.

Frequently Asked Questions

What is the main topic?
The article discusses the leadership change in Shell's downstream division, with Huibert Vigeveno stepping down and Machteld de Haan taking over.
Who is Machteld de Haan?
Machteld de Haan is the new head of Shell's downstream division, succeeding Huibert Vigeveno.
What changes are happening in Shell's executive committee?
Andrew Smith, head of trading, joins the executive committee, reflecting the importance of oil and gas trading.

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