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Swiss executive to take over Shell

Royal Dutch Shell has announced that its Swiss-born chief financial officer, Peter Voser, will become its chief executive.

The Dutch firm on Wednesday said that Voser, a graduate of Zurich University of Applied Sciences, would take over from Jeroen van der Veer on July 1, 2009.

"Voser's selection came after a comprehensive assessment and review of internal and external candidates led by the Board Nomination and Succession Committee," said Shell's chairman, Jorma Ollila.

Baden-born Voser had worked in the company's offices in Chile and Argentina and had been the chief financial officer of the Swiss-based engineering firm Asea Brown Boveri before returning to Shell in 2005.

He sits on the board and chairs the audit committee of Switzerland's largest bank, UBS.

Shell is the world's second-largest private sector energy company and was ranked the eighth-largest company in the world by Forbes magazine in 2007.