Shell is to replace its current boss Ben van Beurden with its head of gas and renewables, the oil giant has said.
Mr van Beurden will to step down at the end of 2022, and be replaced by Wael Sawan.
Mr Sawan, a duel Lebanese-Canadian national who previously led Shell’s oil and gas production business, was seen as a favourite to take the top job.
He now oversees Shell’s growth into low carbon energies as well as its giant gas business.
Mr Sawan said he would “grasp the opportunities presented by the energy transition”.
“We will be disciplined and value focused as we work with our customers and partners to deliver the reliable, affordable and cleaner energy the world needs,” he said.
van Beurden was in charge when Shell bought gas giant BG Group for £36bn in 2015, and when the firm moved its headquarters to London earlier this year.
He also oversaw Shell’s commitment to reduce oil production and cut emissions by 2050.