Cepsa: CEPSA Appoints Maarten Wetselaar As CEO

Cepsa, the global energy company, today announced the appointment of Maarten Wetselaar as Chief Executive Officer of the company, effective 1st January 2022. Mr. Wetselaar joins from Royal Dutch Shell where he served on the Executive Committee for the last 6 years as the Director for Integrated Gas, Renewables and Energy Solutions. He is a global industry and energy transition leader with over 25 years’ experience covering Renewable Energies, E-mobility, Downstream, LNG and Upstream.

Ahmed Yahia Al Idrissi, Chairman of Cepsa, said: “We are delighted that Maarten is joining Cepsa. His knowledge and wealth of experience will be invaluable for the company as it builds on its strong 2021 performance to accelerate the implementation of its energy transition strategy to offer our customers and partners more differentiated and sustainable energy solutions.”

Marcel van Poecke, Vice-Chairman of Cepsa, added: “Maarten is a seasoned executive with extensive experience of the energy industry, particularly in the areas relevant for Cepsa. The Board looks forward to working with Maarten and the rest of the management team as they continue to lead the company in its next phase of growth.”

Maarten Wetselaar said: “Over the past 2 years, the company has proven its resilience as it successfully navigated the COVID-19 pandemic whilst continuing to deliver on critical energy needs. It has also re-designed its business strategy and operating model to become more agile, customer-centric and play a leading role in the global energy transition. I look forward to working with Cepsa’s talented people, leadership team and Board members as we build on these achievements.”

Ahmed Yahia Al Idrissi and Marcel van Poecke concluded: “On behalf of Mubadala and Carlyle, Cepsa’s shareholders, we would like to thank Philippe Boisseau for his dedicated leadership and ensuring the company’s resilience throughout the global pandemic. Philippe will lead the business until the end of 2021 and will thereafter act as an advisor to the CEO and the Board.”