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Shell CEO's 2019 pay falls 51%

Reuters - UK Focus
Updated

LONDON, March 12 (Reuters) - Royal Dutch Shell CEO Ben van Beurden's 2019 remuneration fell by 51% to 10 million euros ($11.27 million), the energy company said on Thursday.

The decrease was due in part to seven fatalities the company had last year, Shell said in its annual report.

The lower pay "also reflected on the challenging 2019 performance, partly driven by difficult macroeconomic conditions, related to lower cash flow, operational challenges and safety."

($1 = 0.8870 euros) (Reporting by Ron Bousso; editing by Jason Neely)