Shell Announces Major Restructuring
Posted on 06-30-09 by Mark Meijer. Category: News
One of largest companies in revenue on the planet announced a major change program. Common in a CEO succession process the new CEO puts his stamp on the organization. In this case even before he takes over the reins.
The peer group performance pressure is high on Shell. Reducing overhead, simplifying and globalizing business is the game of the super majors. The new CEO (and former CFO), Peter Voser, has experience with improving business performance. He streamlined and simplified Shell’s finance processes, using a standard IT platform and reorganizing into shared service centers. Thousands of employees are being made redundant. What’s nxt at Shell?
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