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Jorma Ollila

Shell Names Nokia’s Ollila As Nonexecutive Chairman In Move Toward Overhaul

THE WALL STREET JOURNAL: Shell Names Nokia’s Ollila As Nonexecutive Chairman In Move Toward Overhaul

Friday 5 August 2005

By MICHAEL WILLIAMS, DAVID PRINGLE and BENOÎT FAUCON
Staff Reporters of THE WALL STREET JOURNAL
August 5, 2005; Page A3

Moving ahead with its ambitious revamp, Royal Dutch Shell PLC is turning to an outsider — departing Nokia Corp. Chief Executive Jorma Ollila — as its next nonexecutive chairman.

Shell’s appointment of the 54-year-old Mr. Ollila follows the announcement earlier this week that he is stepping down as CEO of Nokia, effective in June, upon the expiration of his contract. At Shell, Mr. Ollila will succeed Aad Jacobs upon his scheduled retirement June 1.
[Ollila] read more

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Shell/Nokia

THE WALL STREET JOURNAL: Shell/Nokia

“Mr. Ollila will be paid £500,000 (€720,000) a year — the going rate at FTSE-100 firms. Compare that to what the chairman of Shell’s U.K. arm earned the year before last — a mere £55,000. Is it any wonder that after last year’s oil-reserves scandal, investors believed that Shell management was asleep on the job?”

Friday 5 August 2005

Edited by Hugo Dixon
August 5, 2005

Nokia’s former chief executive is a good choice to become Royal Dutch Shell’s first outside chairman. Jorma Ollila may not know much about oil. But he knows a lot about transforming companies, internationalizing management and listening to shareholders. These are all qualities that sleepy Shell has long lacked. He also knows a lot about returning cash to investors, managing a global firm and maintaining profitability in an increasingly competitive industry. These are qualities that Shell also needs in the ever-tougher oil world. (See related article.) read more

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Daily Telegraph: Shell empire can strike back with new leadership and some glasnost

Daily Telegraph: Shell empire can strike back with new leadership and some glasnost

“The company would certainly benefit from the appointment of a serious outside financial public relations adviser…”: “If the new Ollila/van der Veer partnership really can change the culture of this introverted empire, there seems no reason why, one day, it shouldn’t be as widely admired as BP.”

Friday 5 August 2005

When Royal Dutch Shell was looking for its new chairman, the board might have mused about their ideal candidate: someone young enough to be more than a figurehead, who had done a big job supremely well, who was neither British nor Dutch, who spoke excellent English, who could understand both sums and engineering, but who wasn’t steeped in the traditions of the oil industry.

The chances of Egon Zender actually finding such a paragon must have seemed vanishingly small, but in Jorma Ollila, it seems they have got their man. We will not be told who the other five were on the short list, but none of them can have ticked quite as many of the right boxes as the man who turned Nokia from a little loss-making conglomerate into the world’s leading mobile phone maker. In his 13 years in charge, he had multiplied its value by almost 400 times, perhaps the most successful corporate transformation anywhere on the planet in the past decade. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Daily Telegraph: Finland’s mobiles guru to head Shell

Daily Telegraph: Finland’s mobiles guru to head Shell

“Royal Dutch Shell yesterday ended its 10-month hunt for a new chairman with the surprise hiring of Finnish mobile phone guru Jorma Ollila.”: “The appointment almost completes the revamping of Shell’s board triggered by last year’s oil reserves overbooking scandal, which was partly blamed on the company’s bureaucratic structure.”

Friday 5 August2005

By Dominic White (Filed: 05/08/2005)

Mr Ollila, who announced his decision to retire as chairman and chief executive of Nokia this week, will get £500,000 a year when he becomes Shell’s non-executive chairman next June.

A corporate hero in his homeland, the 54-year-old will replace Aad Jacobs, who has been chairman of the Royal Dutch arm of the group since 2002 and is due to retire next year when he turns 70.

Mr Jacobs recently hinted at a successor who was neither British nor Dutch to avoid upsetting the oil giant’s delicate balance of power. read more

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Daily Mail: Part-time job at Shell is a nice little earner

Daily Mail: Part-time job at Shell is a nice little earner

“Ollila’s salary gives him membership of a fast-growing club of part-time chiefs earning £500,000 a year. Shell has been looking for a new chief since last October when it began reshaping itself in the wake of a humiliating oil reserves scandal that cost chairman Sir Philip Watts his job.”

Friday, August 5, 2005

By Tom Stevenson

CITY FINANCE

Deputy City Editor Ruth Sunderland

Telephone 020 7938 6000

Web www.thisismoney.co.uk

ROYAL Dutch Shell has appointed the outgoing chief executive of Finnish phone giant Nokia as its new non-executive chairman on a part-time salary of £500,000. Jorma Ollila will only be required to work two to three days a week in The Hague and stays on as part-time chairman of Nokia.

Ollila’s salary gives him membership of a fast-growing club of part-time chiefs earning £500,000 a year. Others include Sir Christopher Gent at GlaxoSmithK-line, Niall FitzGerald at Reuters and BT’s Sir Christopher Bland, who works three days a week. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.