Image courtesy of BG Group/Flickr.

Royal Dutch Shell will retain several BG Group executives after the companies complete their pending $70 billion merger.

According to an internal memo seen by Bloomberg current BG Group COO Sami Iskander will become executive vice president for joint ventures after the merger is completed while current head of trading at BG Steve Hill will become executive vice-president for gas and energy marketing and trading.

BG Group’s general counsel Tom Melbye Eide will become general counsel for Shell upstream.

BG’s current head of strategy and business development Katie Jackson will also join the combined company in a role that will be announced at a later date.

Three other members of BG Group’s executive committee will serve on the transition team for an unspecified period following the combination, Bloomberg said.

The memo did not mention new roles for current BG Group CEO Helge Lund or CFO Simon Lowth.

Earlier this year, it was reported that Lund may walk away from the deal with a $43 million golden goodbye.

Lund, 52, joined BG Group in February after leading Norway’s Statoil for 10 years.

News of the C-Suit shuffling comes just two weeks after Shell announced plans to reorganize its upstream division and sell up to $30 billion in assets.

The company will make its integrated gas business into a stand-alone organization to be led by Maarten Wetselaar, a move the company said reflects the unit’s “enlarged scale and investment potential.”

Shell will also streamline its global upstream activities and establish a new organization dedicated to unconventional resources.

The company added that it expects to complete $20 billion in asset sales for the 2014 to 2015 period and it has planned a further $30 billion in asset sales to take place between 2016 and 2018, following the completion of the merger.

Last month, Australia’s competition regulator pushed back its final decision on the merger to November 19.

The merger must also still win approval from Chinese regulators.

Shell expects the merger to be complete sometime in early 2016.


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