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Shell plans to retain four senior BG executives after merger – memo

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Business News | London Mon Nov 16, 2015

Royal Dutch Shell plans to retain four members of BG Group’s executive team after the companies’ planned merger next year, according to an internal memo seen by Reuters on Monday.

The memo indicates that the planned $70 billion takeover of BG by Shell remains on track. Shell this month sought to ease investor concerns over the deal by announcing costs cuts and benefits that would make it work despite lower oil prices.

According to the Shell document, BG’s Chief Operating Officer Sami Iskander will become executive vice president for joint ventures. Executive Vice President for Global Energy Marketing and Shipping Steve Hill will be named executive vice president for gas and energy marketing and trading while BG General Counsel Tom Melbye Eide will become general counsel for upstream. read more

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Shell Plans to Retain Four Senior BG Executives After Merger

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By Javier Blas: November 16, 2015

  • BG COO Sami Iskander to join Shell as head of joint ventures

  • Shell to retain head of BG trading business Steve Hill

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Royal Dutch Shell Plc plans to retain four senior executives from BG Group Plc after the merger between the two oil and gas groups completes next year, according to an internal memo sent on Monday.

The announcement comes less than two weeks after Shell revealed organizational changes as it prepares for its biggest ever takeover, valued at $70 billion when it was first disclosed in April.

In the internal memo, Shell said BG Chief Operating Officer Sami Iskander will become executive vice president for joint ventures once the merger completes. Steve Hill, currently BG’s head of trading, will become executive vice-president for gas and energy marketing and trading at the combined group, while Tom Melbye Eide, BG’s general counsel, will be Shell’s general counsel for upstream. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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