Shell Announces Senior Leadership Changes in North America
Shell Announces Senior Leadership Changes in North America
Shell U.S. President, EVP Unconventionals Announce Plans to Step Down - former Maersk CEO to Step In
HOUSTON, March 27, 2018 /PRNewswire/ -- Royal Dutch Shell (Shell) today announced a series of changes to the makeup of its U.S. leadership team.
Following a 36-year career with the company, EVP Unconventionals, Greg Guidry, will leave his role on June 31, 2018.
Guidry will be succeeded by Gretchen Watkins, former CEO of Maersk Oil. Watkins will officially join Shell on May 1, 2018, and will be appointed EVP Unconventionals effective July 1, 2018. She will report to the Upstream Director and be based in Houston.
After more than 37 years of Shell service, Shell Oil Company President and U.S. Country Chair, Bruce Culpepper, has confirmed his plan to step down from this role effective December 31, 2018.
Concurrent with Culpepper stepping down, Gretchen Watkins will assume the role of Shell Oil Company President and U.S. Country Chair, accountable to the CEO. While serving in her expanded role, Watkins will retain her title as EVP Unconventionals.
Cautionary note
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this press release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Royal Dutch Shell plc and subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations", respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim", "ambition', ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', ''objectives'', ''outlook'', ''plan'', ''probably'', ''project'', ''risks'', "schedule", ''seek'', ''should'', ''target'', ''will'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2017 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release March 27, 2018. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.
We may have used certain terms, such as resources, in this press release that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
Note to Editors: Watkins bio, head shots for Watkins, Culpepper and Guidry attached. All photos courtesy of Shell. Gretchen Watkins - Bio Gretchen Watkins joins Shell having most recently served as CEO of Maersk Oil - a position she was appointed to in 2016. Prior to becoming CEO, Watkins was Chief Operating Officer at Maersk and a member of the Executive Team. Watkins has worked in international oil and gas for over 25 years, holding executive positions on three continents and leading businesses across the energy value chain - including exploration and production, midstream operations and supply and trading. Initially recruited by Amoco in the United States, Gretchen began her career as a facilities engineer offshore the Gulf of Mexico. Later, at BP, she rose to the position of Country President in the Netherlands and Canada. Eventually, her remit would grow to include Vietnam and China. In 2008, Watkins joined Marathon Oil as Vice President for International Operations. Between 2012 and 2013 she took executive responsibility for the company's flagship North America portfolio during the rapid growth of onshore unconventional oil and gas.
CONTACT: Shell Media Relations, International: +44 207 934 5550, US: +1 832 337 4355; Shell Investor Relations, International: +31 70 377 4540, North America: +1 832 337 2034
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