The Guardian: Shell appoints new finance director
Thursday June 24, 2004
Oil giant Shell today announced the appointment of a new finance director as it seeks to recover from the debacle over the booking of oil reserves.
Shell has recruited Peter Voser, the current finance head of Asea Brown Boveri (ABB), the Swiss engineering group. He will replace Judy Boynton, who quit Shell’s finance job in April after the company admitted in January that it had overstated its oil reserves.
Shell has been forced to restate its reserves four times this year to the consternation of its shareholders. Besides Ms Boynton, the chairman, Philip Watts, and oil and gas chief, Walter van de Vijver, have also been forced out.