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Shell Insider News on Walter van de Vijver

Wednesday 4 January 2006 22.45 GMT

By Alfred Donovan

According to a Shell insider, Walter van de Vijver, the Shell director who was given a £2.5m payoff after admitting he was 'tired of lying' about Shell’s oil and gas reserves, is a partner in a new private equity firm with Maarten Scholten, formally Chairman & President of the Schlumberger Foundation Board & Staff and currently a director of Axalto.

I have some sympathy with Walter van de Vijver because he was caught in the middle of a situation created to a large extent by Sir Philip Watts and his predecessor as Royal Dutch Shell Group Chairman, Sir Mark Moody-Stuart.

I also hear that Shell’s Chairman in Malaysia, Datuk Jon Chadwick is leaving his post within a matter of days. The timing could be fortuitous in view of increasingly heated litigation involving several hundred thoroughly disenchanted former Shell Malaysian employees who are suing Shell, including whistleblower Dr John Huong. Dr Huong is in turn being sued for defamation by eight Royal Dutch Shell companies. No doubt Chadwick will be pleased to get out of the kitchen.

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