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Posts on ‘September 11th, 2009’

Shake-up at Shell after pay backlash

This month, Mr Voser extended plans to cut jobs amid continued pressure to control costs following a big capital spending programme, rising debts and falls in oil and gas prices.

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Shell CEO Peter Voser Calgary Speech 11 September 2009

Speech given by Peter Voser, Chief Executive Officer, Royal Dutch Shell plc, at the Spruce Meadows Economic Round Table in Calgary, Alberta, Canada, on September 11, 2009.

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I will not talk about about actual numbers of staff… reductions – Shell CEO Voser

"I will not talk about actual numbers of staff, (the) number of reductions, because quite clearly this is not about staff numbers," Voser said.

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Several thousand more jobs will be slashed – Shell CEO Voser

Voser already has instituted cuts across the integrated oil and gas corporation’s multinational operations, letting go of 150 top executives from a roster of 750, and has warned several thousand more positions will be slashed from lower positions.

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Controversial Head Of Shell Remuneration Bd To Retire

THE WALL STREET JOURNAL

By James Herron

Of DOW JONES NEWSWIRES

SEPTEMBER 11, 2009, 10:47 A.M. ET

LONDON (Dow Jones)–The controversial head of Royal Dutch Shell PLC’s (RDSB.LN) remuneration committee, who angered shareholders by awarding bonuses to executives who had missed performance targets, will step down on October 1, the company said in a statement Friday.

The retirement of Peter Job, “is purely because he has been a non-executive director for nine years,” after which time it is standard corporate practice to retire in order to preserve the independence of the board, said a Shell spokesman. read more

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Royal Dutch Shell plc announces Board Committee changes

The Board of Royal Dutch Shell today announced that Mr Hans Wijers steps down from the Corporate and Social Responsibility Committee and joins the Remuneration Committee where he will succeed Sir Peter Job as Chairman of that Committee with effect from 1 October 2009.

Sir Peter will remain a member of the Committee until his retirement from the Board at the next Annual General Meeting in May 2010, at which time he will have served 9 years as a Non-Executive Director.

Lord Kerr of Kinlochard steps down from the Remuneration Committee and joins the Audit Committee to fill the vacancy arising from Mr Lawrence Ricciardi’s resignation from the Audit Committee. Mr Lawrence Ricciardi joins the Nomination and Succession Committee until his retirement from the Board at the next Annual General Meeting, at which time he will have served 9 years as a Non-Executive Director. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Gorgon to Get Official Go-Ahead From Chevron Next Week, FT Says

Chevron will approve an investment of about A$42 billion ($36 billion) in the venture off Western Australia, the FT said. State Premier Colin Barnett has said the project will cost A$50 billion. Chevron and partners Exxon Mobil Corp. and Royal Dutch Shell Plc haven’t given a figure.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Norway Election Loss May Spark Arctic Victory for Shell, Exxon

Sept. 11 (Bloomberg) -- A defeat for Norway’s Labor-led coalition in next week’s election may pave the way for oil companies such as Royal Dutch Shell Plc, Exxon Mobil Corp. and StatoilHydro ASA to explore more of the country’s Arctic waters.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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