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Posts under ‘Linda Cook’

Shell Oil president reports progress in Arctic offshore drilling off Alaska’s

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Screen Shot 2015-08-13 at 11.35.25The Arctic ecosystem is already weakened because the ice is melting, yet Shell is willing to risk an oil spill there that they wouldn’t be able to clean up.

By Mo Ahmad – September 4, 2015

Alaska’s fiscal crisis seemed unimaginable only a few years ago when oil fields in the North Slope brought in revenue that allowed the state to forego sales and income taxes while issuing yearly checks to every resident and banking billions for rainy days. “Now we’re coming out of that and it looks like we’re moving into a time period of good weather”.

However, Obama will speak on Monday in Alaska about the necessity to take urgent and aggressive action against climate change, during a three-day trip to raise awareness on the effects of global warming. The Arctic ecosystem is already weakened because the ice is melting, yet Shell is willing to risk an oil spill there that they wouldn’t be able to clean up.

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Insiders Perspective on Shell VP Arjen Dorland

Royal Dutch Shell VP Arjen Dorland

Royal Dutch Shell VP Arjen Dorland

One of few respected IT-illuminati, shortly before he retired, suggested that Dorland was a bit of an animal if not held on a tight leash…

From a Shell Source

Amusing to see Arjen Dorland extolling the virtues of technological enablement of exploration within Shell especially given his limited engagement with and knowledge of this part of the business. One suggests that there is an ulterior motive here and one worth going through in detail. It’s been noted on here previously how Arjen Dorland first rose without trace at the start of the millennium in the battered Shell IT organisation, having originally been identified as a JG 1-2 maximum level employee (the Shell system, as we all know, sets CEP levels for all its staff and this system is rigorously enforced by the myriad HR managers that Shell homes and encourages). He remains to this day intensely bitter about that initial positioning and it explains his character and motivation to a ‘T’.

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Executive Pay

In the Oil & Gas sector we know that today’s decisions usually impact on results  several years out into the future.  I see todays Shell results largely attributable to decisions made by Jeroen van der Veer and Linda Cook on Sakhalin and Qatar.  They had the determination and vision to play the long game and take Shell to where it is now.  It is upsetting to see the current management team claiming credit and excessive financial rewards off the efforts of others.  Today’s team gets top marks for spin but the jury is still out on their business performance.  

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Canada candidate for top Shell job

Financial Times: Canada candidate for top Shell job

By Carola Hoyos in London

Published: May 19 2004 5:00 | Last Updated: May 19 2004 5:00

Royal Dutch/Shell yesterday announced the first promotion to its committee of managing directors since the scandal over its oil and gas reserves cut its members from six to three.

The appointment of Linda Cook, president and chief executive of Shell Canada, requires approval by shareholders at next month’s annual meeting. If it is passed, she will take up her post in August.

She is to run the group’s natural gas and power operations – a position she held before her move to Canada in 2003.

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LINDA’S LOLLY: $30 MILLION PLUS PAYOFF FROM SHELL

She was universally hated and in the end Shell thankfully ducked appointing her as CEO and she cleared off in a hissy fit! Laughing all the way to the bank no doubt.


Graphic From Daily Mail Article: Shell braced for yet another revolt over directors’ pay

Wilt Staph Posting on Apr 15th, 2010 at 10:16 am

Shell insiders will be shocked but not surprised by the revelations about Linda cook’s departure. There are two main factors at play in this sorry saga – Americanisation and diversity. Senior American executives in Shell have historically had bonus and pay structures which far exceed those of their mainly European colleagues. The uneasy relationship between Shell’s US subsidiary, Shell Oil, and the rest of RDS over the years led to a number of high-flying Americans moving into the Shell international arena to try and address this problem. In virtually every instance these moves have been unmitigated disasters.

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Shell braced for yet another revolt over directors’ pay

“The oil titan is set to encounter protests over a controversial £4.8m severance deal for its former gas and power chief Linda Cook, a leading institutional shareholder told the Mail.”

By Sam Fleming
Last updated at 11:24 PM on 13th April 2010

Royal Dutch Shell faces another turbulent annual general meeting next month after failing to assuage all of its investors’ concerns about director pay.

The oil titan is set to encounter protests over a controversial £4.8m severance deal for its former gas and power chief Linda Cook, a leading institutional shareholder told the Mail.

Discontent is also simmering after chief financial officer Simon Henry moved to a Dutch employment contract, which will ensure more generous rights. And a hearty compensation package handed to former chief executive Jeroen van der Veer remains a bone of contention.

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Short-termism at Royal Dutch Shell

There is a culpable short-termism about Shell at the moment. But we have seen it all before.

POSTING ON SHELL BLOG 26 MARCH 2010 BY “Wilt Staph”

There is a culpable short-termism about Shell at the moment. But we have seen it all before.

It is mind-blowing that one of the world’s largest corporations cannot:

(a) Decide what its strategy is

(b) Use its huge resources to stick with that strategy over the medium to long term.

I would humbly suggest:

(1) Concentrate exclusively on upstream and midstream oil and gas.

(2) Get rid of activities that fall outside the competances of those at the top (Refining and Marketing especially).

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$7.6m golden goodbye for Shell Exec Linda Cook: No wonder she is smiling

Linda Cook: 29 years’ service with Shell. Photograph: Adrian Dennis/Rex Features

FINANCIAL NEWS

17 March 2010
Mark Cobley

Yesterday the Dutch shareholders’ group VEB, which represents small investors, blasted Royal Dutch Shell for paying out $13m to boost a departing director’s pension pot, coupled with a $7.6m “golden goodbye”.

Errol Keyner from VEB told the Guardian newspaper: “The people who came up with this must have been smoking something which is not allowed in law. It’s beyond belief.”

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Ex-Shell boss receives £5m sweetener

Daily Mail
17 March 2010, 8:11am

Linda Cook, the former head of Shell’s oil and gas division, received a £5m compensation payment after losing out on the role of chief executive to Peter Voser.

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Linda Cook
Compensation: Linda Cook
In total she walked away with £7m including salary and bonus, making her the highest paid Shell executive last year.

The revelation came in the firm’s annual report and will overshadow a well received strategy update by Voser.

His earnings were £2.9m last year.

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Shell to sell refineries to boost output

Daily Telegraph: Royal Dutch Shell has unveiled the most dramatic overhaul of its business in recent memory, outlining plans to exit more than a third of its 90 retail markets, slash refining capacity and return to growth after seven years of falling output.

By Garry White
Published: 10:10PM GMT 16 Mar 2010

Peter Voser, chief executive, unveiled a further 1,000 jobs cuts in addition to the 6,000 already announced as he vowed to “sharpen up” Shell in the next three years by boosting output by 11pc.

“Shell has been disadvantaged recently, due to our higher exposure to refining and natural gas, where margins are hard-wired to the economy,” Mr Voser said.

“The priorities are for a more competitive performance, for growth, and for sharper delivery of strategy. We have more to do to drive out cost and improve the operating performance in the company.”

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Shell Pays CEO Voser $4.4M, Ex-Exec Linda Cook Gets $7.6M Severance

THE WALL STREET JOURNAL

MARCH 16, 2010, 6:47 A.M. ET By Lananh Nguyen and Jeffrey Sparshott Of Dow Jones Newswires

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB) said Tuesday it made a $7.6 million severance payment to the former head of its gas and power division last year, making her the highest-earning executive at the Anglo-Dutch oil major in 2009.

Linda Cook resigned as an executive director of the company on June 1, soon after Shell appointed Peter Voser as chief executive. Cook, one of the most senior women in the global oil industry, was a top contender for the post and had worked for Shell for 29 years.

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Shell’s female head of gas and power earned £3.9m in 2008 – by resigning

Oil company’s ‘golden goodbye’ made Linda Cook the second highest-paid businesswoman in Britain

Terry Macalister, Monday 14 September 2009 18.39 BST: guardian.co.uk

Linda Cook earned £3.9m last year, making her the second best-paid businesswoman in Britain. But the former head of gas and power at Shell only achieved the top remuneration spot after a “golden goodbye” when she left the company after 29 years’ service.

American-born Cook abruptly resigned after losing out to rival Peter Voser in the race for the chief executive role following the retirement of long-standing boss, Jeroen van der Veer.

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BP shuts alternative energy HQ

• 'Beyond Petroleum' boast in doubt as clean energy boss quits • Renewables budget will be reduced by up to £550m this year

Big oil maintains its focus, mostly, on… oil

And the European majors, BP and Royal Dutch Shell, who made names for themselves in leading the oil majors into renewables, now seem to be backtracking in those areas.

UPDATE: Leaked Shell E-mail Shows 62 Senior Executive Appointments

Retour à l'accueil

Monday June 22nd, 2009 / 17h48

(Adds detail, background.)

LONDON -(Dow Jones)- An internal e-mail from Royal Dutch Shell PLC (RDSB.LN) leaked to a blog critical of the company has revealed the appointments of 62 senior executives to new roles within the restructured company.

The e-mail dated June 16, sent by incoming Chief Executive Peter Voser, was published Saturday on the blog royaldutchshellplc.com. A Shell spokesman said the company does not comment on purported leaks.

Effective July 1, Ceri Powell, former Executive Vice President, or EVP, for Strategy becomes EVP for Exploration for the company’s international operations, the e-mail said. Dave Lawrence, former EVP for global exploration moves to head up exploration in the new Shell Americas division.

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Surprise departure as Shell set for revamp

Royaldutchshellplc.com, an independent website used by Shell staff, said yesterday that more than 30 per cent of senior managers were expected to go.

File of outspoken articles about Royal Dutch Shell 2004 – 2009

File of outspoken articles about Royal Dutch Shell published by this website since 2004.

We have a precise number of the Shell SEG getting the boot: a “HUGE” number

By John Donovan

On Tuesday we published the article below. It was subsequently used as the source of multiple news reports around the world, including the lead front page article of the Financial Times newspaper published the following morning, Wednesday 27 May. 

Later that same day, an article published by ROMANDIE NEWS quoted a Shell spokesman as denigrating the veracity of the information in our article, describing it as “pure speculation.”  

Shell then rushed forward the release of incoming CEO Peter Voser’s reorganisation plans which confirmed our information was in fact accurate. We published a leaked email from Voser hours after he sent it to Shell employees announcing his plans. Fortunately, a number of news organisations had already published because they had confidence based on past performance, that our Shell insider sources are reliable. 

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SHELL TO SLASH COSTS WITH GIANT JOBS CULL

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SHELL TO SLASH COSTS WITH GIANT JOBS CULL

Story Image RESTRUCTURE: Peter Voser is going to restructure the company

Thursday May 28,2009

By Andrew Johnson

Royal Dutch Shell unveiled one of the most radical restructurings in its 119-year history yesterday in a move placing thousands of jobs at risk.

Incoming chief executive Peter Voser is aiming to slash costs, cut project overruns and speed up decision making through the overhaul announced yesterday following the departure of gas and power chief Linda Cook.

While the company disappointed the City by setting no targets for how much money will be saved, analysts said the annual figure would be in the high “£100millions, if not low £1billions in the next two years or so”.

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New Shell chief ready to slash and burn

Shell will also set up a new division to handle project delivery and technology. It will be led by Matthias Bichsel, who is also Swiss. Some Shell employees complained on their website Royaldutchshellplc.com that a "Swiss Mafia" is running the group.

Scots Shell employees face wait over jobs decision

The group has 102,000 people worldwide, and a spokeswoman said yesterday the new organisation would have a smaller workforce.

Royal Dutch Shell restructuring to affect 24,000 jobs

Royal Dutch Shell has unveiled the most the radical restructuring of its operations for decades in a move that will impact over 24,000 jobs.

Massive shake-up at Shell puts 24,000 jobs at risk

The Independent

Up to a third of senior management under threat

By Sarah Arnott

Thursday, 28 May 2009

Hot on the heels of the surprise resignation of top executive Linda Cook, Shell’s in-coming chief executive Peter Voser announced major restructuring plans yesterday that could cut thousands of rank-and-file jobs.

Some 24,000 staff at the Anglo-Dutch oil giant will be affected by the changes, with job losses expected to be in the thousands. Up to a third of senior management are believed to be under threat.

There are three major structural changes. The company’s three upstream businesses – exploration and production (EP), gas and power (GP) and oil sands – will be combined into two, new regional units: Upstream Americas and Upstream International. Mr Voser is also creating an entirely new “Projects & Technology” division which will manage everything from R&D to project delivery to contracting and procurement. Finally, some parts of Shell corporate are to be absorbed into specific business units, while the rest is streamlined under a single combined human resources (HR) corporate director role.

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Shell to cut up to 10,000 jobs in worldwide restructuring

May 28, 2009

More than 10,000 jobs at Royal Dutch Shell are under threat as Peter Voser, the oil giant’s new chief executive, announced a radical shake-up of the company.

In a series of moves designed to slash billions of dollars from Shell’s cost base and sharpen its focus in an era of low oil prices, the company said it was merging three divisions into two, creating a new one charged with project management and trimming the number of executive directors on its board from five to three.

“Organisationally, we are too complex, and our culture is still too consensus-oriented. Our costs are simply too high,” Mr Voser told staff in an e-mail before briefing 200 senior executives on the plans at a special meeting in Berlin.

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Funeral in Berlin for many of Shell’s top brass

May 28, 2009

Senior jobs are on the line at the oil company as the incoming chief executive unveils an efficiency drive

Up to 200 Shell executives from around the world flew to Berlin this week for an unusual two-day meeting.

The gathering, which began on Tuesday, offered a final chance to bid farewell to Jeroen van der Veer, the mild-mannered Dutchman who has steered Shell through some rocky times over the years. The chief executive is due to retire next month but the mood was hardly celebratory, for his replacement, Peter Voser, has wasted no time in making his mark.

The executives were also in Berlin to hear Mr Voser outline his plans yesterday for a radical overhaul at the world’s second-largest listed oil company. This will involve thousands of job losses, including many of their own.

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Thousands of Shell jobs on the line as Voser sweeps in with merger plans

Daily Mail

By DAILY MAIL REPORTER
Last updated at 10:37 PM on 27th May 2009

Not so slick: Job cuts look imminent at Shell

Not so slick: Job cuts look imminent at Shell

Thousands of jobs are at risk at Royal Dutch Shell as incoming chief executive Peter Voser announces a sweeping reorganisation. 

The Swiss chief executive-elect is merging Shell’s Exploration & Production, Gas & Power and Oil Sands businesses into two super-divisions. 

On top of that, Shell is creating a Projects & Technology unit that will spearhead big new developments. 

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

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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Linda Cook, Shell’s top woman executive, is first casualty of boardroom shake-up

May 27, 2009

Royal Dutch Shell Gas and Power Executive Director Linda Cook

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.

Mrs Cook, who fought Mr Voser for the top job, is leaving after a “mutual decision” with the new boss and is forgoing an £800,000 loyalty bonus because she is quitting before 2011. It is believed that Mr Voser, who is stepping up from chief financial officer, is in the process of choosing his new leadership team.

Mrs Cook’s departure comes as four large institutional investors were understood to have grown frustrated with her. They are thought to have found her grasp of the business outside her immediate gas operations to be “underwhelming”.

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Shell shake-up to cut costs

In an e-mail to staff, he said the company was organisationally too complex, and its culture “too consensus-oriented”. He said his objectives were to cut costs, speed up large projects and make Shell “a simpler place to work”.

Shell spokesman says assertions of royaldutchshellplc.com “pure speculation”

Tuesday, royaldutchshellplc.com site, hosted by former employees against the direction of the oil company, had argued on the basis of internal sources as the new boss of Shell would cut a third of senior management positions. "Inevitably, there will be fewer jobs, but Shell did not set a goal in the subject, provided his side a spokesman for the group to AFP, calling the assertions of royaldutchshellplc.com of "pure speculation".

Shell confirms shake-up; vague on job cuts

A big restructure of Royal Dutch Shell by its incoming chief executive Peter Voser has been confirmed and it is set to affect 24,000 jobs, although the company will not say exactly how many of those jobs will be cut.

Shell restructuring puts 24,000 jobs at risk

Up to 24,000 jobs are at risk in Shell after the Anglo-Dutch oil group unveiled plans for a major restructuring. The oil giant this morning revealed a shake-up in which its exploration and production, gas and power and oil sands units are to be merged into two new divisions.

Shell braced for massive job cuts in Berlin summit

London Evening Standard

27.05.09

Senior managers at Shell today started a two-day conference where they will be told of large potential staff cuts.

The summit in Berlin comes a day after the oil giant’s head of gas, Linda Cook, left Shell after being passed over for the chief executive’s role.

That job is being taken up by Peter Voser, the company’s finance director, on 1 July. Shell insiders’ website Royaldutchshellplc.com reported that Voser will tell his top 100 managers that Cook’s old division will be merged with exploration and production in a move aimed at dramatic staff cuts. It is believed this was Voser’s platform on which he made his pitch to the board for the chief executive’s job.

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?????????????Royaldutchshellplc.com?????????30%?????????

“Grondige reorganisatie Shell”

Om kosten te besparen zou de nieuwe ceo van Shell 30 procent van de senior managers een gouden handdruk willen geven, zo schrijft Shell-criticus John Donovan op zijn website. Die informatie zegt hij van binnen het bedrijf te hebben.

Snur Shell på hodet

Ifølge royaldutchshellplc.com, som er et uavhengig nettsted for Shell-ansatte, vil mer enn 30 prosent av høyere ledere måtte gå.

Shell rumored to plan restructuring, layoffs

By James Herron  Dow Jones Newswires POSTED: 05/27/2009 01:00:00 AM MDT

LONDON — Royal Dutch Shell will announce a major company restructuring, merging its exploration and production and gas and power units and laying off more than 30 percent of senior management, according to a post on the blog of Shell critic John Donovan Tuesday.

Shell’s incoming chief executive Peter Voser will announce the measures Thursday at a meeting of around 100 top company executives in Berlin, Donovan wrote on the blog royaldutchshellplc.com, citing multiple unnamed people working for Shell.

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Cost cutting to top agenda of incoming Shell chief

Financial Times

By Ed Crooks

Published: May 27 2009 03:00 | Last updated: May 27 2009 03:00

Peter Voser, who takes over as chief executive at Royal Dutch Shell on July 1, is not wasting any time in reshaping the company the way he wants it.

After having spent five years as chief financial officer , it would be surprising if he did not have some reasonably well-formed ideas about what he wants to do.

The departure of Linda Cook as head of gas and power presages a more fundamental shake-up at Shell.

Those changes can be expected to include a systematic attack on the company’s costs.

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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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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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Shell gas chief exits after losing race for top job

Linda Cook, head of gas and power of Shell, the oil giant, will leave the company after missing out in the race to become chief executive and will forfeit a "loyalty" bonus of £800,000.

Shell’s top gas executive, Linda Cook, resigns ahead of CEO change

Los Angeles Times

TOBY STERLING, AP Business Writer  3:13 AM PDT, May 26, 2009 AMSTERDAM (AP) — Shell’s top gas executive and highest-ranking woman, Linda Cook, is stepping down June 1, the company said Tuesday, without giving a reason. 

Cook, 50, had sometimes been mentioned as a possible successor to Chief Executive Jeroen van der Veer, who is retiring July 1. Instead the top job went to Peter Voser, the company’s chief financial officer.

“It’s a mutual decision,” said Shell spokesman Shaun Wiggins of Cook’s departure. He said the company or Cook might elaborate further later but at the moment had nothing to add. 

Cook was a Shell employee for 29 years, joining the company in Houston when she was 21. She has a degree in petroleum engineering from the University of Kansas.

In a statement, Van der Veer thanked Cook and noted the company’s liquid natural gas capacity has risen by 60 percent since she took her job five years ago. As oil production declined in the same period, Shell’s total production is now almost equally split between gas and oil.

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Shell: Gas, Pwr, Renewables Chief Linda Cook To Resign June 1

LONDON (Dow Jones)--Royal Dutch Shell PLC's (RDSB.LN) chief of gas, power and renewable energy Linda Cook has resigned unexpectedly, and will step down as an executive director of the company effective June 1, the company said in a statement Tuesday.