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Shell New Energies executive steps down

by Tom Russell in Corporate 10/01/2020

Mark Gainsborough, Executive Vice President at Shell New Energies, has revealed that he is stepping down from his role after being involved with the company for 39 years. Gainsborough is to be replaced from 1st April by Elisabeth Brinton, who has been serving as Global VP Strategy & Portfolio for Shell New Energies.

Mark Gainsborough commented on LinkedIn: “It is time for a transition of a different kind! After an amazing 39 years with Shell and almost four years leading our New Energies business, I will end my Shell career later this year. I’m looking forward to contributing to the energy transition in new ways in the next few years. Congratulations to Elisabeth Brinton, who takes the reins from April 1st, and a huge thank you to everyone for all we have achieved together.”

Shell’s New Energies business focuses on new fuels and power. The company stated that offshore wind is a key growth area.  Shell has interest in a number of offshore wind farms, including the Egmond aan Zee and Borssele 3&4 projects off the Dutch coast and, in the United States, the Mayflower project, which was recently announced as winner of Massachusetts’ second offshore wind solicitation.

Back in November 2019, Shell signed an agreement to buy 100% of EOLFI, a French renewable energy developer specialising in floating wind projects. Upon the deal’s completion, EOLFI will be a wholly owned subsidiary of Shell and will be fully integrated.

SOURCE

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