Voser named as Shell's CEO-in-waiting

Peter Voser has won one of the most prestigious appointments in the corporate world in being named as Royal Dutch Shell's CEO-in -waiting.

Voser, who has been CFO of Shell since October 2004 got the nod after a comprehensive assessment and review of internal and external candidates led by the board nomination and succession committee, the company said.

Shell chairman Jorma Ollila said in a statement to the City: 'I am delighted to announce Peter Voser as the next Chief Executive of Royal Dutch Shell.

'Peter has the experience, qualities and personal leadership to drive Shell forward, building on the strong position established by Jeroen van der Veer [the departing chief executive].'

Voser, who was recently called in at UBS to advise them on a working policy in the wake of their sub-prime troubles takes over on 1 July 2009.