LONDON: Energy giant Shell said Thursday that chief executive Peter Voser will retire next year, and posted a six-percent drop in first-quarter net profits to $8.18 billion (6.21 billion euros) amid lower oil prices.
"The board of Royal Dutch Shell plc today announced that Peter Voser, as chief executive officer, has elected to retire from the company in the first half of 2014," it said in a statement issued alongside its quarterly results.
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