Shell Oman’s Lamees Becomes the First Omani Female Chief Financial Officer in Downstream History
Mar 29, 2022
Muscat - Shell Oman Marketing Company SAOG (“Shell Oman”) has appointed Lamees Dawood Al Lawati as Chief Financial Officer (CFO), effective April 1, 2022. This appointment is a new milestone for Shell Oman’s omanisation story as Lamees has become the first Omani female to occupy the role of CFO in the history of Oman’s downstream oil and gas industry. As CFO, she will become a member of Shell Oman’s Executive Management Team and will lead key finance functions along with Legal, Contracts and Procurement and IT. On the other hand, the incumbent CFO, Ian Fong, will move to a new role where he will remain available to assist the company with transition while leading key strategic projects.
Shell Oman’s CEO, Dr. Mohammed Al Balushi, said: “I am delighted to welcome Lamees to the leadership of our company. She combines diverse finance experience with a deep knowledge of Shell, and inherent qualities of a visionary leader who demonstrates a progressive outlook. As a prominent Omani leader, we believe that Lamees will continue to inspire and develop the younger generation of leaders in Shell and the society which will contribute to further reinforcing our ~96% Omanisation. Meanwhile, we thank Ian Fong, the incumbent CFO, on his leadership and his contribution to Shell Oman during his tenure. Ian has been instrumental in navigating the company throughout the pandemic and the parallel challenges while remaining focused on developing national talents in Finance functions. We wish both Lamees and Ian all the best in their new roles and all future endeavours.”
Lamees Al Lawati started her career with Shell more than 15 years ago in finance after graduating from Sultan Qaboos University. Since then, she has held several increasingly senior finance roles at Shell in both downstream and upstream sectors covering Information Management, Treasury, Controllers, Internal Audit and JV Management. Recently, she completed a secondment in Shell plc group as Finance Manager of a Shell Joint Venture in addition to being a senior member of Shell Development Oman’s Finance Leadership Team. Meanwhile, Lamees continued to be Shell Oman Marketing Company’s Board Secretary. Her track record in Shell demonstrates her ethical leadership, her ability to build and execute complex strategies, and her commitment to adhering to and upholding Shell values and standards.
Notes to editors
About Shell Oman Marketing Company
Shell Oman Marketing Company is a publicly listed company on Muscat Securities Market. Shell Oman operates in a multi downstream-business structure providing Retail, Commercial, Lubricants, Marine, Bitumen and Aviation fuel products and services in Oman. The company owns and operates the only ISO-certified lubricants blending plant of its kind in Mina Al Fahal which produces Made-in-Oman Shell-branded lubricants for local and regional markets. Shell Oman excels in its commitment to local talent development, with almost 96% Omanisation rate across the workforce, including the senior management level. The Company works to meet the Sultanate’s growing energy demands, and contributing to its prosperity in an economically, environmentally and socially responsible manner, by operating safely and creating sustainable value for the Omani community.
Burair Al Lawati
GM – Corporate Relations and Business Development
Shell Oman Marketing Company
Phone: +968 24570200
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, Shell’s operating plans, outlooks, budgets and pricing assumptions do not reflect our net-zero emissions target. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans, outlooks, budgets and pricing assumptions to reflect this movement.
This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, March 13, 2022. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.
The content of websites referred to in this press release does not form part of this press release.
We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.