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Posts on ‘May 26th, 2009’

The most informative online source of Royal Dutch Shell news

By John Donovan

This was all the information published by Shell on its official website yesterday concerning the departure of Linda Cook.

26/05/2009   Royal Dutch Shell plc announces directorate change

The Board of Royal Dutch Shell plc announced today that Mrs Linda Cook will resign as Executive Director of the Company on 1st June 2009. She has served the Company for 29 years of which the last 5 years as Executive Director of Gas & Power, Shell Trading, Global Solutions and Technology.

Compare that with the wealth of information and comment published here the same day in the form of articles and Shell Blog postings. We are especially grateful for all the Shell insider contributions which make this site far and away the best online source of honest information and debate about Royal Dutch Shell i.e. free of Shell spin and influence. 

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Linda Cook, Shell’s top woman executive, resigns

Linda Cook, the head of Shell’s gas business, resigned abruptly yesterday, the first boardroom casualty at the hands of Peter Voser, the new chief executive of the oil company.

Shell shock as long-timer Cook is first to go in Voser cull

Daily Mail

By SAM FLEMING
Last updated at 11:53 PM on 26th May 2009

Going: Linda Cook will leave Shell after nearly 30 years working for the firm  

Going: Linda Cook will leave Shell after nearly 30 years working for the firm

A management shakeup is looming at oil giant Royal Dutch Shell as anointed chief executive Peter Voser prepares to take the helm. 

Shell yesterday announced the sudden departure of gas & power chief Linda Cook, who has been at the company for almost three decades. Cook will step down from the board next week and then leave her post at end of June. 

The surprise decision is thought to be a prelude to wide-ranging changes at the top, as Swiss-born Voser succeeds Jeroen van der Veer as chief executive.

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U.S. Cracks Down on Corporate Bribes

Among the companies currently under Justice Department review: Sun Microsystems Inc. and Royal Dutch Shell PLC...

Shell’s N.Y. trial over Nigerian deaths delayed

NEW YORK, May 26 (Reuters) - A civil trial over the alleged involvement of giant oil producer Royal Dutch Shell Plc (RDSa.L) in the executions of protesters in Nigeria in the 1990s has been delayed until next week, a court clerk said on Tuesday.

Shell faces legal fight over alleged human rights abuse and pollution

Jeroen van der Veer's tenure as chief executive ends amid outcry over bonuses, environmental record and human rights abuses

Shell showing three into two will go

It is expected that exploration and production and gas and power will be combined into a single division. The merged business is then expected to be split in two, with an American division run by Marvin Odum, now head of Shell Oil, the US subsidiary, and the rest of the world run by Malcolm Brinded, now head of exploration and production.

Shell: the owner of the gas division goes, rumor of reorganization

Linda Cook, boss of the division gas and energy “of Shell, on 2 July 2008 in Madrid

LONDON (AFP) – Shell announced Tuesday that Linda Cook, patroness of the division gas and energy giant Anglo-Dutch oil and candidate in the general direction, leave office on 1 June, a start could be the prelude a major reorganization.

This will precede the start of the new CEO of Shell, the current finance director Peter Voser, scheduled for July 1st. The latter was preferred to Linda Cook and other candidates, including Malcolm Brindred, leader of the division “exploration and production”, to succeed Jeroen van der Veer. 

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Shell clears way for senior shake-up

Financial Times

By Ed Crooks and John O’Doherty

Published: May 26 2009 09:54 | Last updated: May 26 2009 18:53

Royal Dutch Shell cleared the way for a management shake-up under its new chief executive on Tuesday as expectations mounted that Europe’s biggest oil company will soon unveil a wide-ranging restructuring.

Shell announced the sudden departure of Linda Cook, head of the gas and power division, by “mutual agreement”.

Linda Cook

Linda Cook is stepping down from the board of Royal Dutch Shell

The news came as Shell’s top 200 managers gathered in Berlin for a two-day meeting, at which the company is expected to announce restructuring plans.

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Shell shake-up widely rumoured; E&P and G&P tipped to merge

Financial Times

ft.com/energysource

May 26, 2009 5:06pm

Today we’ve heard a couple of rumours that the departure of Shell’s gas and power chief, Linda Cook, came ahead of some major changes to the company’s structure.

One of those sources, both of them at Shell, said that the exploration and production unit was likely to merge with the gas and power unit.

Dow Jones also has word from “a person familiar with Shell’s thinking” that:

…Voser put this restructuring plan to the Shell board, with the aim of making significant costs cuts, some months ago when he was competing to replace current Chief Executive Jeroen van der Veer, who retires at the end of June.

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Cook’s sudden departure just the start of dramatic changes at Shell

By John Donovan

The following information has been assembled from multiple Shell insider sources.

Funeral in Berlin: Tomorrow a two day meeting commences in Berlin involving the Shell top 100.  

A formal farewell to the departing Chief Executive Jeroen van der Veer will take place during the first day of the meeting. 

The second day has been set aside for his replacement, Peter Voser, to announce his plans said to include:

1. A major cull of senior managers/executives. More than 30% will go, rewarded with golden handshakes. 

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Former Shell Exec Paddy Briggs comments on Linda Cook departure

By Paddy Briggs

Cook’s departure is ego-driven. She lost out – so she walks away in a huff. But then that’s what you do when the only thing that matters is self-aggrandisement. What charecterises Shell head honchos in recent times is that it is all about self. Power, position, perks and obscenely inflated bonuses and rewards – and to hell with the business or the tradition or the history of this once great company and once respected brand. And to hell with the stakeholders as well. Suppliers, Partners, local communities, employees, pensioners and society at large are the disposable small fry in the selfish and self-centered world of Van Der Veer, Cook, Brinded and the rest.

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