Simon Henry was CFO when the ship was set on its disastrous course ofover-promise and under-delivery, beset by project delays and cost overruns, resulting in the recent profits warning and the dramatic advice just issued by Zacks Investment Research that Royal Dutch Shell Plc is “a risky bet that ordinary investors should exit.” He has had a hand on the helm throughout the long voyage, during the Sakhalin2 debacle, the Corrib Gas Corruption scandal and more recently, Shell’s Arctic ambitions hitting the rocks. As I have previously pointed out, he also had a starring role in the reserves scandal and managed to evade the flak on that occasion as well. Just how many lives has this Shell fat cat got?
By John Donovan
The role of RDS Chief Financial Officer, Simon Henry, in the instability that has overtaken Shell, thus far seems to have largely escaped scrutiny and blame?
He is the most senior remaining Royal Dutch Shell executive spanning the tenure of the last three top executives at Shell, Sir Philip Watts (dishonest bullying egomaniac), Jeroen van der Veer (dishonest and out of his depth) and Peter Voser (incompetent and ill-advised).
Simon Henry was CFO when the ship was set on its disastrous course of over-promise and under-delivery, bedeviled by project delays and cost overruns, resulting in the recent profits warning and the dramatic advice just issued by Zacks Investment Research that Royal Dutch Shell Plc is “a risky bet that ordinary investors should exit.”
He has had a hand on the helm throughout the long voyage, during the Sakhalin2 debacle, the Corrib Gas Corruption scandal and more recently, Shell’s Arctic ambitions hitting the rocks.
Just how many lives has this Shell fat cat got?
I gave my verdict on Simon Henry almost a year ago, after extensive research and my publication of Shell internal documents.
Although the information I put into the public domain may have contributed towards the decision not to appoint him as CEO as many expected, he was allowed to remain in charge of Shell’s finances.
This despite the evidence that while Head of Shell Global Investor Relations, Simon Henry knew about the overstatement of reserves almost two year before that vital information was disclosed to investors.
Will Mr Henry end up walking the plank, or will he have to be pushed?
RIGHT OF REPLY
If Mr Henry wishes to respond, his response will be published here in its entirety, unedited. If he takes issue with the accuracy of what I state, he can serve libel proceedings via my solicitor, Mr Richard Woodman of Royds of London. Mr Woodman has represented me in previous libel proceedings settled by Shell.
Same invitation extends to the other named individuals.
Simon Henry was CFO when the ship was set on its disastrous course ofover-promise and under-delivery, beset by project delays and cost overruns, resulting in the recent profits warning and the dramatic advice just issued by Zacks Investment Research that Royal Dutch Shell Plc is “a risky bet that ordinary investors should exit.” He has had a hand on the helm throughout the long voyage, during the Sakhalin2 debacle, the Corrib Gas Corruption scandal and more recently, Shell’s Arctic ambitions hitting the rocks. As I have previously pointed out, he also had a starring role in the reserves scandal and managed to evade the flak on that occasion as well. Just how many lives has this Shell fat cat got?
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