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Posts on ‘October 29th, 2008’

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 Dunkley 

Last Updated: 6:51PM GMT 29 Oct 2008

Peter Voser, left, pictured with Jeroen van der Veer  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. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

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

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Oil’s Slide Threatens Future Supply

LONDON -- The slump in oil prices has spread relief among consumers and fuel-reliant industries, but also is squeezing the companies who could invest in new sources of oil -- spurring concerns that prices will prompt them to shelve investments.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Nexen chief to leave as rivals circle

Along with Total, Royal Dutch Shell, which is heavily invested in Canada's oil sands, is also weighing its interest in Nexen, according to banking insiders and oil executives

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BP to cut more jobs in addition to 5,000 already announced

BP plans to make more job cuts than the 5,000 it has already announced, the oil group’s chief executive said on Tuesday.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BP at centre of a huge row yesterday

In response to the barrage of criticism, BP said that over the past three years it had paid more than £5bn in tax in the UK and, if fuel, excise duty and VAT were added, the total rose to almost £21bn.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

BP’s Texas City refinery to run at full tilt soon

BP was the second of the world’s largest publicly traded oil majors to unveil quarterly results. Last week ConocoPhillips announced a 41 percent increase in earnings. Exxon Mobil Corp. and Royal Dutch Shell are scheduled to release results Thursday, followed by Chevron on Friday.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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