THE HAGUE, May 2 (Xinhua) -- Anglo-Dutch oil company Shell on Thursday announced the retirement of its chief executive officer Peter Voser in the first half of 2014.
The 54-year-old Swiss national Voser started his career at Shell in 1982 and served in several finance and business functions. He was appointed as chief financial officer in 2004 and has been CEO since July 2009. It was his own decision to quit.
"Peter's leadership of Shell over the last four years has been impressive, reorganizing the company, delivering growth and developing a clear forward strategy with a strong portfolio of new options," Shell's chairperson Jorma Ollila said in a press release.
The farewell statement on Voser was accompanied by rising profit figures in the first quarter of 2013. The earnings, on a current cost of supplies (CCS) basis, were 8 billion U.S. dollars, compared with 7.7 billion dollars for the first quarter of 2012.
First quarter 2013 CCS earnings excluding identified items, such as one-time investments and extraordinary expenses, grew by 3 percent to 7.5 billion dollars, compared with 7.3 billion for the first quarter of 2012.
"Our industry continues to see significant energy price volatility as a result of economic and political developments," said Voser. "Oil prices have fallen recently but Shell is implementing a long-term, competitive and innovative strategy against this volatile backdrop."
Matchmaking websites crack down on user fraud
Feedback
RSS
