Jumat, 03 Mei 2013

The CEO of Shell decided to retire in 2014

Finance Info -global energy giant Royal Dutch Shell Plc reported, Chief Executive Officer (CEO) Peter Voser has decided to retire in the next year. It is delivered after the registered drop in net profit in the first quarter of 2013, due to crude oil price anjloknya.

"The Board of Royal Dutch Shell plc announced today that Peter Voser, has chosen to retire from the company in the first half of 2014," the Anglo-Netherlands group in a statement, as reported by the Global Post, Thursday (2/5/2013).

Voser, 57, served as the Board of Directors is the highest position since July 2009. Shell is now searching for a suitable candidate to replace him both from internal and external companies.

The news was delivered in addition to the 6 percent decline in the company's net profit in Q1 was USD8,18 billion (6,21 billion euros), after the performance of the Group were hit by lower oil prices and global economic uncertainty.

Profit after tax in the three months to March fell compared with USD8,7 billion in the same period last year.

"Our industry continues to see significant volatility in energy prices resulting from the economic and political development. Oil prices have fallen recently. However, Shell competition strategy and innovative long term against the volatile backdrop, "he explained.


Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Title Post: The CEO of Shell decided to retire in 2014
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Author: Mohammad Zulfi Satriawan

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