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Wael Sawan
Sawan in 2010
Born1974 (age 49–50)
Beirut, Lebanon
NationalityLebanese and Canadian
Education McGill University
Harvard Business School
TitleCEO, Shell plc
TermJanuary 2023-
Predecessor Ben van Beurden
SpouseNicole Sawan
Children3 sons

Wael Sawan (Arabic: وائل صوان ; born 1974) is a Lebanese-Canadian business executive, and the CEO of Shell plc since January 2023.

Early life

Sawan was born in Beirut in 1974. [1] He grew up in Dubai, and earned a master's degree in chemical engineering from McGill University in Canada. [1] He took a career break and earned an MBA from Harvard Business School. [2]

He has dual Lebanese and Canadian nationality. [3]

Career

Sawan joined Shell in 1997 as an engineer with Petroleum Development Oman. [2] In the mid-2000s he was country chair in Qatar, overseeing the planning and early stages of the Pearl Gas-to-Liquids (GtL) project.[ citation needed] He rose to become head of Shell's integrated gas and renewables division, and succeeded Ben van Beurden as CEO on 1 January 2023. [3] In the summer of 2023 he announced that Shell will be dropping plans to cut oil production each year for the rest of the decade. [4]

Sawan received a pay packet of £7.9 million ($10 million) for 2023, having become chief executive at the start of last year on an annual salary of £1.4 million. [5]

Global Witness called such levels of pay “eyewatering … at a time when people are struggling to pay bills” and has hit out at levels of spending on renewable energy. [6]

Personal life

Sawan is married to Nicole, and they have three sons. [1]

References

  1. ^ a b c "Who is Shell's new chief executive Wael Sawan?". The National. 15 September 2022. Retrieved 15 September 2022.
  2. ^ a b Shakespeare, Ananda (16 June 2014). "Wael Sawan". MEED. Retrieved 15 September 2022.
  3. ^ a b Sweney, Mark (15 September 2022). "Shell appoints Wael Sawan to replace outgoing chief Ben van Beurden". The Guardian. Retrieved 15 September 2022.
  4. ^ "'Pure climate vandalism': Shell backtracks on plans to cut oil". euronews. 15 June 2023. Retrieved 17 June 2023.
  5. ^ "Shell CEO Wael Sawan's total pay was $10 million in 2023". Reuters.com. 14 March 2024.
  6. ^ Hunter, Michael (14 March 2024). "Shell CEO paid £7.9 million for 2023". Evening Standard. Retrieved 14 March 2024.
Business positions
Preceded by Chief Executive Officer of Royal Dutch Shell
2023–present 		Succeeded by
not applicable
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