Shell's Executive Vice President (EVP), Renewables & Energy Solutions Elisabeth Brinton is moving out of the company to join in a new role after spending a little over 3 years with the multinational giant. The management has decided to split up the role into 2.
Brinton moved to Shell in 2018, and worked first as the Global VP Strategy & Portfolio New Energies, and later in the current role from April 2020, replacing Mark Gainsborough. She was responsible for the company's businesses in power, renewables and lower-carbon technology.
While Shell has not officially released a statement as yet, Brinton penned a LinkedIn post to state that she has been offered a 'unique opportunity' that was too good to pass up without sharing details. She added, "I am not going to a competitor, but will continue to be a global leader advancing sustainability and commercial net-zero energy transition strategies."
According to a Reuters report, starting February 1, 2022 Shell plans to split the renewables position to create 2 new positions, one of which will be filled by the company's current Senior Vice President for Renewables Thomas Brostrøm as the head of Renewable Generation.
The other position to be created will be Head of Energy Marketing for which current EVP Steve Hill has been picked. Both will report to the Head of Integrated Gas and Energy Solutions, Wael Sawan.
Shell has the overarching aim to become a net zero emitter by 2050. It plans to invest up to $3 billion annually on renewables and energy solutions, hence its renewables segment gets increasing attention from the board (see Shell To Invest In Renewables, But More On Oil & Gas).
Recently, the company changed its name from Royal Dutch Shell to Shell plc as it moved its headquarters from the Netherlands to Britain, as part of efforts to simplify its share structure.
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