Shell said March 4 it is simplifying its business leadership but will leave its financial reporting segments intact to support its strategy to deliver “more value with less emissions.”

As part of the streamlining, Zoë Yujnovich, Shell’s Integrated Gas and Upstream director, will step down effective March 31. Cederic Cremers has been appointed president, Integrated Gas; Peter Costello was named president, Upstream. Both will join Shell’s Executive Committee effective April 1.

The changes will not affect Shell’s financial reporting segments: Integrated Gas; Upstream; Marketing, Chemicals and Products; Renewables and Energy Solutions; and Corporate.

“We have made significant progress in the last two years building stability with a track record of strong performance and active portfolio management, while simplifying our business,” said CEO Wael Sawan. “Now is the right time to begin the next phase of our transformation. Going forward, we will delayer our most senior leadership structure to reflect the three primary areas of business value – Integrated Gas; Upstream; and Downstream, Renewables and Energy Solutions, whilst also elevating Trading and Supply, which is a key enabler across the organization. In the first half of 2026, we will also integrate the technical divisions, that today make up our Projects and Technology directorate, into our business lines. This further simplification will empower our businesses by bringing these technical capabilities closer to where we generate value.”

Yujnovich will assist with the transition, after which she will leave the group.

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