Board and Committee Changes
Shell announces significant changes in its board structure as of March 9, 2022. Non-executive Director Gerrit Zalm will not stand for re-election at the upcoming AGM after over nine years of service. The board will also see Jane Holl Lute resign from the Audit Committee, transitioning to the Safety, Environment and Sustainability Committee. Additionally, Bram Schot is appointed to the Remuneration Committee. These changes will take effect following the 2022 AGM scheduled for May 24, 2022, impacting board dynamics and committee memberships.
- Strategic board restructuring may enhance decision-making.
- Appointment of experienced members to key committees could improve governance.
- Loss of seasoned director Gerrit Zalm may create a knowledge gap on the board.
SHELL PLC
BOARD AND COMMITTEE CHANGES
March 09, 2022
DIRECTOR CHANGE
Shell plc (the “Company”) announces that Mr. Gerrit Zalm, Non-executive Director, member of the Audit Committee and member of the Remuneration Committee, will not stand for re-election at the 2022 AGM, having served as a Non-executive Director for more than nine years.
Sir Andrew Mackenzie, Chair of Shell plc said “Gerrit is a highly regarded and seasoned leader. We will miss his insightful counsel and deep understanding of global business and would like to thank him for his nine years of valuable contribution to the business”.
BOARD COMMITTEE CHANGES
Audit Committee
Ms. Jane Holl Lute, a Non-executive Director, will step down from her role on the Audit Committee with effect from the conclusion of the 2022 Annual General Meeting (AGM), scheduled for May 24, 2022, and has been appointed a member of the Safety, Environment and Sustainability Committee effective on the same date.
Remuneration Committee
Mr. Bram Schot, a Non-executive Director, has been appointed a member of the Remuneration Committee with effect from the conclusion of the 2022 AGM, scheduled for May 24, 2022.
Following the conclusion of the 2022 AGM, the membership of each of the Board Committees will be as follows:
| Committee | Membership |
| AUDIT COMMITTEE | Ann Godbehere (Chair) Dick Boer Martina Hund-Mejean |
| SAFETY, ENVIRONMENT AND SUSTAINABILITY COMMITTEE | Catherine Hughes (Chair) Neil Carson Jane Holl Lute Bram Schot |
| NOMINATION AND SUCCESSION COMMITTEE | Sir Andrew Mackenzie (Chair) Euleen Goh Dick Boer Ann Godbehere |
| REMUNERATION COMMITTEE | Neil Carson (Chair) Euleen Goh Catherine Hughes Bram Schot |
Anthony Clarke
Deputy Company Secretary
ENQUIRIES
Shell Media Relations
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LEI Number: 21380068P1DRHMJ8KU70
FAQ
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