Shell Oil Products U.S. last week announced the appointment of a slew of officials to the lubricants business that would be created by its anticipated acquisition of Pennzoil-Quaker State Co. The companies announced in March that Shell had agreed to buy Pennzoil-Quaker State for $2.9 billion in cash and assumed debt. The deal is being reviewed by the U.S. Federal Trade Commission, but the companies expect approval by early in the fourth quarter.
Doug Boyle, currently president of automotive products for Pennzoil-Quaker State, was named vice president of automotive/consumer products, a unit that would include passenger car motor oils, car care products and installed customers, plus Pennzoil-Quaker States business in Canada. Boyle joined Pennzoil-Quaker State last year after a 19-year career with PepsiCo.