The Mubadala and Carlyle funds, owners of Cepsa , have agreed to relieve Philippe Boisseau as CEO of the oil company. The company announced yesterday the appointment of Maarten Wetsellar as chief executive to face the company’s new strategic plan, approved last June.
The appointment of Wetsellar will be effective as of January 1, 2022 and Boisseau will continue as an advisor to the future CEO for the execution of this strategy, which has been fully ratified by the future executive.
Wetselaar comes from Royal Dutch Shell, where he has been a member of the Steering Committee in his capacity as director of Integrated Gas, Renewables and Energy Solutions.
The manager has more than 25 years of experience in Renewable Energies, Electric Mobility, Downstream, LNG and Upstream, some of the areas in which the new strategy focuses.
“Maarten Wetselaar is a seasoned executive with extensive experience in the energy industry”
Ahmed Yahia Al Idrissi , Chairman of Cepsa, says: “We are delighted that Maarten Wetselaar is joining Cepsa. His knowledge and vast experience will be invaluable to the company in order to accelerate, based on an excellent performance in 2021 , the implementation of the energy transition strategy to offer our customers and partners more differentiated and sustainable energy solutions “.
Marcel van Poecke, Vice President of Cepsa, adds: “Maarten Wetselaar is an experienced executive with extensive experience in the energy industry, particularly in areas relevant to Cepsa . The Board of Directors is delighted to be able to work with Maarten Wetselaar and the rest of the management team on its way to the next phase of growth. “
Maarten Wetselaar, for his part, assures that: “In the last two years, the company has demonstrated its resilience capacity by having successfully overcome the Covid-19 pandemic, while continuing to supply the most critical energy needs.
It has also redefined its business strategy and operating model to be more agile, more customer-centric and able to play a leadership role in the global energy transition. I am pleased to be able to work with such talented staff as Cepsa, the management team and the members of the Board of Directors to continue building on the successes achieved “.
Boisseau has been commissioned after two years in the company to fully renew the management committee
Maarten Wetselaar holds a Master’s in Economics from the University of Groningen and a Post-doctorate in Controllers from the VU University of Amsterdam in the Netherlands.
After serving in the military as an officer in the Royal Navy of the Netherlands, he joined Shell in 1995 and held various financial, commercial and general management positions in Shell’s Upstream, Downstream and Trading businesses in Europe, Brazil , Ghana, the Middle East and Russia. In 2009, Wetselaar became Executive Vice President of Finance for Upstream International. From 2013 to 2015 he was Executive Vice President of Integrated Gas, based in Singapore.
Boisseau has been commissioned after two years in the company to fully renew the management committee with signings in companies such as Total, BHP and McKinsdey.