# Posted 5:48 PM by Patrick Belton
THE EMBATTLED CHAIRMAN OF SHELL, Sir Philip Watts, has
resigned in the wake of revelations that Shell had overestimated considerably its reserves, and on the heels of widespread criticism from investors for (among other things) not having been on the conference call announcing the 20% decrease in its proven reserves. Along with Sir Philip, oil and gas head Walter van de Vijver (once considered Watts's likely successor) was also removed by the boards. Vice chair
Jeroen van der Veer, who is known principally for his fondness for golf, will take over as the firm's head.
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