The Financial Express (Bangladesh): ‘It is back to being good entrepreneurs’
“Jeroen van der Veer, Royal Dutch Shell’s first chief executive, is used to skating on thin ice.”: “Shell suffered a severe setback recently when it revealed that its flagship Russian gas project, Sakhalin-2, would be at least eight months late and $10bn over budget.”: “another recent setback in Oman… the government transferred operation of one of its prize oil fields to a rival consortium…”
Sunday 18 September 2005
Thomas Catan
9/18/2005
Jeroen van der Veer, Royal Dutch Shell’s first chief executive, is used to skating on thin ice. The 57-year-old Dutchman has twice completed a 135-mile race along frozen canals through 11 cities in the Netherlands.
But even that cannot be as demanding as the task at hand — righting the third largest oil company following its reserves accounting crisis last year. The debacle spurred a boardroom purge, class-action lawsuits and a complete reorganisation of the company’s century-old governance structure.