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PHILADELPHIA - Sunoco Inc. on Wednesday named former Royal Dutch Shell PLC veteran Lynn Laverty Elsenhans as its first female chief executive and president effective Aug. 8.
| SUN | 25.32 |  0.56 |
Elsenhans, 52, will replace John G. Drosdick, who is retiring ahead of his 65th birthday next month. He has led the Philadelphia refiner for the past eight years and will remain non-executive chairman through the end of the year.
Elsenhans joins the company from Shell's Shell Downstream Inc., where she has been executive vice president of global manufacturing since 2005. From 2003 to 2005, she was president of Shell Oil Co. and CEO of Shell Oil Products US.
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