LONDON -- Royal Dutch Shell PLC named Chief Financial Officer Peter Voser as its new boss, rewarding a man who helped restore the Anglo-Dutch company's battered reputation with investors after an accounting scandal in 2004.
October, 2008:
Shell Names Voser Its CEO
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, and shellnews.net,
are owned by John Donovan. There is also a Wikipedia segment.
Shell Q3 profits surge to $10.9 bln
LONDON, Oct 30 (Reuters) - Royal Dutch Shell Plc said on Thursday third-quarter current cost of supply (CCS) net profit jumped 71 percent to $10.9 billion, boosted by high oil prices and asset sales.
Global oil crunch
Even Royal Dutch Shell, commissioned to write a balancing view for the group's report, is forecasting a plateau of supply as production moves to more difficult sources such as ultra-deeplayers and tar sands.
Shell names successor to Van der Veer
The oil group, which will announce its third-quarter results today, said the appointment had been made after a "comprehensive assessment and review of internal and external candidates".
UK will face peak oil crisis within five years, report warns
Skrebowski predicts that global oil production will peak in the period 2011-2013 and then decline steadily, with non-conventional sources such as tar sands failing to fill the gap in time to avoid a serious energy crunch.
Shell chiefs early challenges
Malcolm Brinded, the head of exploration and production, is skilled at dealing with governments, but was tarnished by Shells repeated writedowns of its reserves in the aftermath of the misreporting scandal that emerged in 2004.
Voser surprise choice as Shell chief
Encouragement from inside and outside the company persuaded Mr Voser to abandon the idea of returning to Switzerland, which he had considered, and to put himself forward to replace Mr van der Veer.
Business big shot: Peter Voser
Peter Voser's appointment as chief executive of Shell suggests an effort has been made to draw a line under the murkiest episode in the company's recent history.
Finance officer Peter Voser takes command at Royal Dutch Shell
The Anglo-Dutch group said that the appointment of Mr Voser came after a review of both internal and external candidates. He saw off two other Shell candidates: Linda Cook, the American head of Shell's Gas and Power business, and Malcolm Brinded, the British head of exploration and production.
ANALYSIS: A break with tradition at Royal Dutch Shell
Like its peers, Shell has been spending with gay abandon but at $60 per barrel much of the industry's new frontier has fallen below the water line. A new round of cost-cutting must be in the offing and who better to impose financial discipline in a downturn?
Shell appoints Peter Voser as next chief executive
DAILY TELEGRAPH
Royal Dutch Shell shares jumped 12pc after it revealed that chief financial officer Peter Voser will take over as the company’s chief executive next July.
By Jamie DunkleyLast Updated: 6:51PM GMT 29 Oct 2008
Peter Voser, left, pictured with Jeroen van der Veer Photo: GETTY
Mr Voser, 50, will succeed Jeroen van der Veer, who is to retire after almost five years at the company, which posted a second-quarter net profit of $11.6bn (£7.1bn) in July, boosted by record crude oil prices.
Shell chairman Jorma Ollila said he was “delighted” with the company’s choice, adding that he expected Mr Voser to build on the “strong position” established by 61-year-old Mr van der Veer.
Mr Van der Veer, who became chief executive in October 2004, stayed at Shell beyond the normal retirement age in the Netherlands to restore confidence in the company after a reserves scandal in January 2004. The company admitted that it had overstated its reserves, leading to lawsuits from investors and fines by regulators.
Shell Picks New CEO For Difficult Times
Voser was already one of the potential candidates back in 2007, when van der Veer announced his retirement, but there had been some hope that the head of North America, Linda Cook, would be announced as the company's first female CEO.
Statement by Shell Media: Peter Voser to be next Chief Executive of Royal Dutch Shell plc
The Board of Royal Dutch Shell plc today announced that Peter Voser will succeed Jeroen van der Veer as Chief Executive, effective 1 July 2009. Voser (50) is Chief Financial Officer and a Director of the Board since October 2004.
Shell Says Peter Voser to Take Over as CEO in 2009 (Update1)
By Fred Pals and Eduard Gismatullin
Oct. 29 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, said Chief Financial Officer Peter Voser will take over as chief executive officer from July next year.
“I am delighted to announce Peter Voser as the next Chief Executive of Royal Dutch Shell,” Shell Chairman Jorma Ollila said today in a statement distributed by PR Newswire. Voser, 50, will succeed Jeroen van der Veer who is due to retire.
Van der Veer, 61, stayed on beyond the normal retirement age in the Netherlands after restoring investor confidence at The Hague-based company following a reserves scandal in 2004. Shell, which posted record earnings in the second quarter on surging oil prices, is struggling to revive output growth after production fell in each of the past five years.
Statement by Shell: Afam VI Gas Power Plant starts in Nigeria
The Okoloma Gas Plant started supply of gas on 11 October, and commissioning of the second turbine of the Afam VI Power Plant is planned for early November.
Rules of engagement
Transformational engagement is a difficult concept to see in practice and perhaps even to grasp. The example Bowen uses is the relationship between Royal Dutch/Shell plc and Living Earth Foundation, an environmental education and advocacy group based in the United Kingdom. Living Earth works on a unique portfolio of projects that have set new standards in education, environment, and community development
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EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
