09 June 2014, News Wires – Shell has started the search for a replacement chairman, with current chairman Jorma Ollila set to step down next year.
According to Sky News, the oil giant has signed on Egon Zehnder International to identify a successor.
Ollila will have served as chairman for nine years by next year’s annual meeting.
Sky News said it was unclear whether a new chairman would be pulled from the existing Shell ranks or someone from the outside as the oil giant redefines its strategy under its newly-appointed chief executive.
Ben van Beurden took over the helm at the beginning of the year, having previously run the company’s downstream operations.
The company has started a series of asset sales earlier this year to get rein in its bottom line.
Sky News said Shell declined to comment on the search for Ollila’s replacement.