The Board of Royal Dutch Shell announced that Peter Voser, as Chief Executive Officer, has elected to retire from the Company in the first half of 2014.

Peter Voser was appointed CEO with effect from July 2009 and has been an Executive Director since 2004.

Shell's Chairman Jorma Ollila said "Peter's leadership of Shell over the last 4 years has been impressive, reorganizing the company, delivering growth, and developing a clear forward strategy with a strong portfolio of new options. I have enjoyed working with Peter, in a period of great change and progress for Shell, and I wish him well for the future."

"The Nomination and Succession Committee of the Board will now lead a structured and comprehensive review of internal and external candidates to enable an orderly transition to a new CEO." Ollila added.

Tags: Shell