Shell boss Peter Voser to step down in 2014

(Source: Reuters)

The board of Shell has announced that CEO Peter Voser has elected to retire in the first half of 2014 (release).

Shell's chairman Jorma Ollila:

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.

CEO Peter Voser said:

After almost 10 years as CEO and CFO and more than 25 years in Shell, I have elected to retire in the first half of 2014. After such an exciting executive career I feel it is time for a change in my lifestyle and I am looking forward to have more time available for my family and private life in the years to come. I intend to be still engaged in the business community through a limited number of non-executive roles outside Shell and I will also continue with my active participation in not-for-profit organisations.