Financial Times: Out of the shell
“…a recent spate of defections to a far smaller rival, BG Group, has raised eyebrows among some Shell-watchers”: “Shell has been hit hard in recent times by a reserves downgrade scandal and news that some of its newest projects are behind schedule and badly over budget. Uncharitable souls are saying that the departure of future Shell leaders could be a sign of worse things to come.”
Friday 19 August 2005
By Clay Harris
Published: August 19 2005
A job at Royal Dutch Shell once meant a job for life. So a recent spate of defections to a far smaller rival, BG Group, has raised eyebrows among some Shell-watchers.
The latest Shell person to quit for BG is Iman Hill, who had been appointed Shell’s country chairwoman in Egypt only 15 months ago. Hill, who is Saudi-born but went to school in Scotland, has been asked to stay on until a suitable replacement can be found – a somewhat surprising choice given that BG is a rival for Egyptian gas.