Shell appoints new CFO to replace Boynton
Embattled oil giant Shell has appointed a new group finance director after its current FD was forced to step down in the wake of the scandal over oil reserves.
Link: Lack of checking cost Boynton her job
Peter Voser, currently chief financial officer at Swiss firm ABB, will join as group finance director and director of the Shell Transport and Trading company with effect from 4 October.
From 1982 to March 2002, Voser held a variety of finance and business roles with Shell in Switzerland, the UK, Argentina and Chile.
Shell’s former CFO Judy Boynton stepped down in April following a row over the company’s booking of oil reserves.
An independent report slammed her for taking ‘virtually no action’ to enquire into the basic facts relating to the oil giant’s ‘aggressive’ oil reserves bookings.
Shell has downgraded its oil reserves by more than four billion barrels, restating them on four occasions this year.