Nov 15, 2021
Shell plans to move headquarters to the UK
Royal Dutch Shell has announced a plan to move its headquarters to the UK as part of proposals to simplify the company's structure. Shell's chief executive Ben van Beurden will relocate to the UK.The company's chief financial officer Jessica Uhl will also move, alongside seven other senior employees. The company said: "Shell is proud of its Anglo-Dutch heritage and will continue to be a significant employer with a major presence in the Netherlands."Its projects and technology division, global upstream and integrated gas businesses and renewable energies hub remain located in The Hague. The decision to simplify Shell's structure comes after Third Point, a US activist investor, recently bought a stake in the company and suggested the business should be split into two firms, according to the Wall Street Journal. Shell has been incorporated in the UK and had a Dutch tax residence - as well as the dual share structure - since 2005.The changes also mean the company will drop "Royal Dutch" from its title and be renamed Shell.
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