THE HAGUE -- The board of directors of Royal Dutch Shell plc has announced that chief executive officer Peter Voser has elected to retire from the company in the first half of 2014.
Peter Voser was appointed CEO with effect from July 2009 and has been an executive director since 2004.
"Peter's leadership of Shell over the last four years has been impressive, reorganizing the company, delivering growth and developing a clear forward strategy with a strong portfolio of new options. I have enjoyed working with Peter, in a period of great change and progress for Shell, and I wish him well for the future," Shell's chairman, Jorma Ollila, said.
"The Nomination & Succession Committee of the board will now lead a structured and comprehensive review of internal and external candidates to enable an orderly transition to a new CEO," Ollila added.
In July 2009, Royal Dutch Shell announced a series of changes to senior management roles and responsibilities, aimed at sharper focus on operating performance and technology. At that time, Voser succeeded Jeroen van der Veer as CEO.
Royal Dutch Shell plc, based in The Hague, The Netherlands, and London, is the parent company of Shell Oil Co., Houston, and its subsidiary, Shell Oil Products US. Shell Oil is a leader in the refining, transportation and marketing of fuels, with a network of approximately 6,000 Shell-branded gas stations in the western United States. Another 8,300 Shell-branded stations in the eastern and southern United States are managed by Motiva Enterprises LLC, a joint venture between Shell Oil and Saudi Refining Inc.
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