BUSINESS BRIEFING / ENERGY
TIMES WIRE REPORTS
The incoming chief executive of Royal Dutch Shell announced a major shake-up, including new managers, a reorganization of businesses and job cuts.
Peter Voser, who takes the CEO job July 1, said the changes would “increase accountability in the company and improve Shell’s performance on delivering new projects.”
The moves are similar to simplification pushes undertaken earlier by Shell’s main European rival, BP, and by the world’s largest oil company, Exxon Mobil Corp.
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