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Market Chatter: Shell Exec to Reportedly Lead UK's Investment Office

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Energy giant Shell (SHEL.L, SHELL.AS) UK operations Chair Parminder Kohli will reportedly be appointed as the chief executive of the UK government's Office for Investment.

Sky News, citing sources familiar with the matter, reported Wednesday that Kohli's appointment is in the final stages. If approved, he will succeed outgoing Director General Ceri Smith to lead the agency tasked to drive growth, job creation, and increased productivity across the UK.

Shell did not immediately respond to request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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