Shell President Hofmeister to Retire, Odum Takes Over
Shell Oil Company reported that John D. Hofmeister will retire as president effective June 1, 2008, and that Marvin E. Odum, currently executive vice president for the Americas for Shell Exploration and Production, will succeed Mr. Hofmeister, while keeping his current operational role.
Hofmeister joined Shell in 1997 as director of Human Resources for the Shell Group, based in The Hague. He returned to the United States when he was named president of Houston-based Shell Oil Company on March 1, 2005. In addition to his leadership at Shell, Mr. Hofmeister is chairman of the National Urban League and former chairman of the Greater Houston Partnership, one of the largest economic development organizations in the country.
"My voice will still be heard on issues that mean very much to me," said Hofmeister, 60. "I will continue to play an active role in helping our country find new solutions to our energy needs. I will also continue my civic work with the Urban League and Greater Houston Partnership, but with more time and capacity to make a difference. I have had a great career with Shell. It is time that I move beyond Shell to pursue important personal and business endeavors. I leave knowing that, in Marvin, there is strong leadership in place."
During his tenure as president, Mr. Hofmeister steered the company through the aftermath of Hurricanes Rita and Katrina, which not only impacted thousands of employees and their families, but also threatened the U.S. energy supply. Mr. Hofmeister also contributed greatly to helping the public understand the energy industry, launching a National Dialogue on Energy Security amid public frustration over rising gasoline prices.
Odum commented on his new role. "It is a privilege to be appointed president of Shell Oil Company at a time when energy and environment are of critical importance to the American people. There is a lot of hard work ahead to deliver more affordable energy by finding and developing new resources, and making a responsible contribution to efforts to mitigate climate change. I look forward to leading the company during this important time. John Hofmeister served Shell Oil Company and the industry with great leadership. During his tenure as president, he helped to put a human face on the industry. I join all Shell employees in wishing John and Karen a very happy retirement."
Odum, 49, is Executive Vice President for the Americas for Shell Exploration & Production. In this role, he has responsibility for Shell exploration and production businesses in the Western Hemisphere. He joined Shell as an engineer in 1982 and has held a range of management positions in technical and commercial operations. Odum assumed his present position in May 2005. In his prior assignment, Odum was Chief Executive Officer of InterGen, a global power generation company. He also served as Shell Gas and Power Director for the Americas. Odum holds a Bachelor of Science degree in Mechanical Engineering from the University of Texas and a Master of Business Administration from the University of Houston. He is a member of the Dean's Council of Harvard Kennedy School, a member of the University of Texas College of Engineering Advisory Board, and serves on the Board of Directors of the Palmer Drug Abuse Program. Odum also serves on the American Petroleum Institute (API) Board of Directors and is Chairman of the API Upstream Committee. He is also on the University Cancer Foundation Board of Visitors for M. D. Anderson Cancer Center. Odum is married and has three children.
Operates 27 Offshore Rigs
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