PERSONNEL MOVES AND PROMOTIONS: Royal Dutch/Shell Chairman Philip Watts resigns

03/22/2004
Royal Dutch/Shell Group Chairman Philip Watts has resigned, prompting a series of management changes in the continuing aftermath of the supermajor's negative reserves revision announcement early this year. Shell revised the estimate of its proved oil and natural gas reserves by 3.9 billion boe, or 20% (OGJ Online, Jan. 9, 2004). Royal Dutch Petroleum Co. Pres. Jeroen van der Veer succeeds Watts as chairman of the group's Committee of Managing Directors. Walter van de Vijver stepped down from Royal Dutch Petroleum's board and as group managing director.Both Watts and van de Vijver stepped down by mutual consent, Shell said. Malcolm Brinded has been appointed managing director a...
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