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Posts Tagged ‘Linda Cook’

Women in Shell

Screen Shot 2013-05-22 at 09.27.03Shell is a very macho culture. There is some tokenism with weasel words spoken about the need for diversity – but little action. Voser’s claim that there are not enough talented women available is absurd given Shell’s financial and international strengths. The reality is that Shell was always run by British accountants and Dutch engineers – and it still is. And they wear suits.

FROM A SHELL RELATED SOURCE

The only Executive Director of Shell (as opposed to non Execs) was Linda Cook. Some saw her as a possible CEO but the reality is that as an American she was disconnected from the vast core of the Shell World about which she knew nothing and learned less. She was tough and had some credibility but when her failings became all too apparent it was often her gender that was blamed. Another more talented American woman who nearly made it was Lynn Elsenhams but again her prospects were not helped by her career history which was mostly in Shell Oil. read more

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. read more

$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.” read more

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.” read more

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. read more

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

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. read more

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.

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. read more

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 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.  read more

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. read more

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. read more

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. read more