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Shell to move HQ and tax home from Netherlands to UK
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Shell is planning to scrap its dual share system and strike “Royal Dutch” from its name as it prepares to move its tax residence from the Netherlands to the UK.
The move, which was welcomed by the UK government, will mean relocating its chief executive, Ben van Beurden, and its chief financial officer, Jessica Uhl, to London, where the company’s board meetings will be held.
Shell will no longer meet the Dutch conditions to qualify for the “royal” designation as a result of the shift in tax home, resulting in a name change that will be put to a shareholder vote next month, alongside the broader plans to simplify the company’s structure.
The firm also intends to scrap a dual share structure that divides stock into A and B classes, though it
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