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Former Maersk Oil CEO to join Shell exec team

Gretchen Watkins will be succeeding Bruce Culpepper, who will be stepping down as Shell Oil Co.'s U.S. chair and president Dec. 31, according to a March 27 news release.

Watkins will also be replacing Greg Guidry, who will be leaving his role as executive vice president, unconventionals of Royal Dutch Shell PLC. Watkins will be officially joining the company May 1 and will be appointed executive vice president, effective July 1. The former Maersk Oil CEO will retain her executive vice president, unconventionals position when she replaces Culpepper at the end of the year.

Shell is an international energy company with expertise in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals.