PETROLEUM EXECUTIVE OF THE YEAR 2001
Former Chairman of the Committee of Managing Directors of the Royal Dutch/Shell Group of Companies & Chairman of The "Shell" Transport and Trading Company.
Sir Mark Moody-Stuart was singled out for the award by his peers because of the leadership and initiative he has displayed during his long tenure at Royal Dutch/Shell. Sir Mark has played a pivotal role in the success and improved performance of the company. Under his leadership, Royal Dutch/Shell has significantly reduced costs, enhanced profitability, and expanded operations.
Royal Dutch/Shell is exceptional among the major international oil and gas companies in not pursuing the mega-merger strategy adopted by others. Nevertheless, it has achieved strong results and has continued to expand globally through smaller acquisitions and other investments.
Among the latest achievements under Sir Mark is the recent award of the lead position and a support position in two of three projects in the Saudi Arabian Natural Gas Initiative. Recent acquisitions include New Zealand's largest oil and gas company, Fletcher Challenge Energy.