Cor Herkströter

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Person.png Cor Herkströter   ZoominfoRdf-entity.pngRdf-icon.png
(businessman)
Cor Herkstroter.jpg
Born21 August 1937
Venlo, Netherlands
NationalityDutch
Alma materErasmus University Rotterdam
Shell manager. Single Bilderberg

Employment.png Shell/Chair

In office
1993 - 1998
Succeeded byMark Moody-Stuart
Attended the 1994 Bilderberg

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

EventStartEndLocation(s)Description
Bilderberg/19942 June 19945 June 1994Finland
Helsinki
The 42nd Bilderberg, in Helsinki.
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References