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Peter Rees reappears but mystery remains over his exit from Shell

Peter Rees QC

Peter Rees QC

“Rees’ departure from Shell prompted much speculation in the City, given the company’s recent profit warnings, the on-going European Commission investigation into oil price-rigging and the arrival of new CEO Ben van Beurden.” Mr Rees has refused to comment on the circumstances of his unexpected and unexplained departure from Royal Dutch Shell during a financial crisis. 

By John Donovan

Peter Rees, until January Legal Director of Royal Dutch Shell Plc and an executive director of the company, has resurfaced at London Chambers “Thirty Nine Essex Street” as a counsel and commercial arbitrator. A considerable fall in prestige. He led a 1,000 strong legal department at Shell.

The reason for his sudden department from Shell days before the company issued a profits warning that shook the markets was said to be known by only three people other than Rees- Peter Voser, the retiring CEO, Ben van Beurden, the incoming CEO, and HR boss, Hugh Mitchell.

Shell Legal Director, Donny Ching

Shell Legal Director, Donny Ching

The Lawyer has described his departure from Shell as “a shock move.” It also reported on the appointment of his successor, Donny Ching and today published an article about his arrival in a new job.

Related extract from an article published today by LegalWeek.com:

“Rees’ departure from Shell prompted much speculation in the City, given the company’s recent profit warnings, the on-going European Commission investigation into oil price-rigging and the arrival of new CEO Ben van Beurden.”

Mr Rees has refused to comment on the circumstances of his unexpected and unexplained departure from Royal Dutch Shell during a financial crisis.

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