https://www.reuters.com/business/shell-appoints-sinead-gorman-new-finance-chief-2022-03-01/
Does this mean new initiative coming down from the top? The new CFO will want to make his mark on the trajectory of the company.
8 replies (most recent on top)
She was pushed. Watch the next couple of weeks, if you do not see her name then it was not her choosing. M&A is led by FI and if what we are seeing with oil prices and the Permian then you will know.
Lots of interesting comments on this thread. Let’s see…do you REALLY think her resignation was due to pay or inconvenience of relocating (back) to London?! There was a time in the not-too-distant past that JU was clearly the heir-apparent to take the CEO role. That changed with the new Chairman and fresh female competition ascending to the executive suite. More than likely, career limitations coupled with the Board’s fiduciary idiocy of Russia pullout drove her to resign. Despite barrel price at record highs, stock is down by how much? Clearly a virtue signaling yet poor fiscal move by the company that a smart financial leader would disagree with.
What a cu-t she is. She’s on expat package. Shell pays for the flat in London and the car she’ll drive and her living expenses and a whole bunch of other sh-t
How many times did we have to sit there on town hall calls and listen to her sanctimoniously declare that she was not in it for money, she had other opportunities to get more $$, that she was trying to do good? Well, let's test that pay thing now that she's helped destroroy a $300 billion company.
The Shelite love power first but it is always about the money. At least she is setting a good example. Can't make ends meet because of your pay cut? Quit!
She quit because she is pi---d by her miserable 2.5% pay raise.
How about doing something about miserable shareholder return? Shel still under water compared to pre-Covid levels even with $100 oil. Other majors are ki----g it ..CVX, XOM etc. Something is wrong with this company.
Brilliant just brilliant
Step 1 - orchestrate a restructuring of Shell that results in the moving of HQ to London
Step 2 - Sc--w staff over with a measly 2% pay rise after a year with no bonus and salary freezes (have you seen oil price!)
Step 3 - Os Sh** moment when you realize that a flat in London you had your eye on is up 20%
Step 4 - resign in protest as you just don’t know how you can make this work
Rats jumping off the ship they set on fire ….
Why would they leave their Russia investments now, they will get nothing for them and accomplish nothing other than grandstanding. This is the nothing leadership group.