Difference between revisions of "Cor Herkströter"
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| − | '''Cor | + | '''Cornelius Antonius Johannes (Cor) Herkströter''' was chairman of [[Royal Dutch Shell]]. |
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| + | ==Education== | ||
| + | Herkströter studied economics and accountancy at the Rotterdam School of Economics (today [[Erasmus University Rotterdam]]). | ||
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| + | ==Career== | ||
| + | After his studies, he joined mining company [[BHP Billiton|Billiton]], which was acquired by [[Shell]]. At his new employer, Herkströter works his way up to Chairman of the management board in 1 July 1993. | ||
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| + | In [[1996]] he reorganized the central offices in [[The Hague]] and [[London]] and the laboratories in [[Amsterdam]] and [[Rijswijk]]. He introduced "the new Shell", which was supposed to handle things differently than what Shell had used to do in the previous 100 years.<ref>https://www.nytimes.com/1995/03/30/business/international-business-revamping-shell-will-cut-1200-jobs.html</ref> | ||
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| + | In 1998, Herkströter retired. The disadvantage of the system introduced by him appeared several years later, when it was revealed that managers had overestimated Shell's proven oil reserves for their own bonus gains.<ref>https://www.whistleblowers.org/fraudulent-oil-and-gas-reserve-reporting/</ref> It plunged Shell into a financial crisis. | ||
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| + | After his directorship at Royal Dutch Shell, he was president-Commissioner of the [[ING Group]] until [[2007]].<ref>https://www.ing.com/Newsroom/News/Press-releases/PROld/Jan-Hommen-to-succeed-Cor-Herkstroter-as-Chairman-of-the-Supervisory-Board-of-ING-Group.htm</ref> In that capacity, he could not agree on a merger with [[ABN AMRO]]. | ||
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{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
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Latest revision as of 06:56, 30 June 2024
 Cor Herkströter     (businessman) | ||||||||||||
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| Born | 21 August 1937 Venlo, Netherlands | |||||||||||
| Nationality | Dutch | |||||||||||
| Alma mater | Erasmus University Rotterdam | |||||||||||
Shell manager. Single Bilderberg
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Cornelius Antonius Johannes (Cor) Herkströter was chairman of Royal Dutch Shell.
Education
Herkströter studied economics and accountancy at the Rotterdam School of Economics (today Erasmus University Rotterdam).
Career
After his studies, he joined mining company Billiton, which was acquired by Shell. At his new employer, Herkströter works his way up to Chairman of the management board in 1 July 1993.
In 1996 he reorganized the central offices in The Hague and London and the laboratories in Amsterdam and Rijswijk. He introduced "the new Shell", which was supposed to handle things differently than what Shell had used to do in the previous 100 years.[1]
In 1998, Herkströter retired. The disadvantage of the system introduced by him appeared several years later, when it was revealed that managers had overestimated Shell's proven oil reserves for their own bonus gains.[2] It plunged Shell into a financial crisis.
After his directorship at Royal Dutch Shell, he was president-Commissioner of the ING Group until 2007.[3] In that capacity, he could not agree on a merger with ABN AMRO.
Event Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| Bilderberg/1994 | 2 June 1994 | 5 June 1994 | Finland Helsinki | The 42nd Bilderberg, in Helsinki. |
References
- ↑ https://www.nytimes.com/1995/03/30/business/international-business-revamping-shell-will-cut-1200-jobs.html
- ↑ https://www.whistleblowers.org/fraudulent-oil-and-gas-reserve-reporting/
- ↑ https://www.ing.com/Newsroom/News/Press-releases/PROld/Jan-Hommen-to-succeed-Cor-Herkstroter-as-Chairman-of-the-Supervisory-Board-of-ING-Group.htm
