Cepsa hires veteran Shell Director Maarten Wetselaar as new Chief Executive

10/17/2021

Royal Dutch Shell's ex-Head of Gas and Renewables joins energy company Cepsa after 25 years, replacing Philippe Boisseau

Photo: Cepsa have appointed energy veteran Wetselaar to become its Group CEO
Photo: Cepsa have appointed energy veteran Wetselaar to become its Group CEO

October 17, 2021 -- Cepsa, the global energy company, today announced the appointment of Maarten Wetselaar as Chief Executive Officer of the company, effective 1st January 2022. Mr. Wetselaar joins from Royal Dutch Shell where he served on the Executive Committee for the last 6 years as the Director for Integrated Gas, Renewables and Energy Solutions. He is a global industry and energy transition leader with over 25 years' experience covering Renewable Energies, E-mobility, Downstream, LNG and Upstream.

Ahmed Yahia Al Idrissi, Chairman of Cepsa, said: 

"We are delighted that Maarten is joining Cepsa. His knowledge and wealth of experience will be invaluable for the company as it builds on its strong 2021 performance to accelerate the implementation of its energy transition strategy to offer our customers and partners more differentiated and sustainable energy solutions."

Marcel van Poecke, Vice-Chairman of Cepsa, added: 

"Maarten is a seasoned executive with extensive experience of the energy industry, particularly in the areas relevant for Cepsa. The Board looks forward to working with Maarten and the rest of the management team as they continue to lead the company in its next phase of growth."

Maarten Wetselaar said: 

"Over the past 2 years, the company has proven its resilience as it successfully navigated the COVID-19 pandemic whilst continuing to deliver on critical energy needs. It has also re-designed its business strategy and operating model to become more agile, customer-centric and play a leading role in the global energy transition. I look forward to working with Cepsa's talented people, leadership team and Board members as we build on these achievements."

Ahmed Yahia Al Idrissi and Marcel van Poecke concluded: 

"On behalf of Mubadala and Carlyle, Cepsa's shareholders, we would like to thank Philippe Boisseau for his dedicated leadership and ensuring the company's resilience throughout the global pandemic. Philippe will lead the business until the end of 2021 and will thereafter act as an advisor to the CEO and the Board."

Photo: Former Shell Executive, Maarten Wetselaar will depart from his role at Shell to take up an offer to join Cepsa Group
Photo: Former Shell Executive, Maarten Wetselaar will depart from his role at Shell to take up an offer to join Cepsa Group

Mr. Maarten Wetselaar: Biographical details 

Maarten Wetselaar currently serves and Integrated Gas & New Energies Director and member of the Executive Committee of Royal Dutch Shell. He is responsible for Shell's Integrated Gas business, including the industry-leading liquefied natural gas (LNG) and gas-to-liquids (GTL) positions. He also leads the Renewables and Energy solutions business, including Shell's investments in low-carbon electricity, hydrogen, nature based solutions and new business models for a lower carbon future. 

He oversees 38 countries for Shell, including Australia, Canada, Japan, Qatar, Russia, and Trinidad & Tobago. Maarten holds a master's degree in Economics from the University of Groningen and a post doctorate Controllers degree from VU University of Amsterdam in the Netherlands. After serving military duty as an Officer in the Netherland's Royal Navy he joined Shell in 1995 an held a variety of financial, commercial and general management roles in Shell's Upstream, Downstream and Trading businesses in Europe, Brazil, Ghana, the Middle East and Russia. 

In 2009, Maarten became Executive Vice President Finance in Upstream International. From 2013 to 2015 he served as Executive Vice President for Integrated Gas, based in Singapore. 

Maarten is married and father of three children that attend university. In addition to spending time with his family and friends, he enjoys traveling and sports, including football, sailing and golf. Maarten also enjoys reading and music.

About Cepsa

Cepsa is a global energy and chemical company operating end-to-end in every stage of the oil & gas value chain. Cepsa also manufactures products from raw materials of plant origin and is active in the renewable energy sector. Cepsa has 90 years of experience and a team of over 10,000 employees, combining technical excellence and adaptability. Cepsa's operations are present on five continents.