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Summary Article: Moody-Stuart, Mark
from The Hutchinson Unabridged Encyclopedia with Atlas and Weather Guide

English geologist and business executive. He was appointed chair of the Royal Dutch/Shell Group of companies following a lifelong career with the companies, largely working outside Europe. When other oil majors in the sector were merging, he oversaw an ‘internal merger’ that shook up the management and transformed Shell into a leading advocate of environmental and social best practice. Moody-Stuart, who retired from Shell in June 2001, was knighted in 2000 and was appointed to chair the G8 Renewable Energy task force.

Having worked for Shell since 1966, Moody-Stuart was appointed a member of the committee of managing directors in 1991, and chair in 1998. That year, the company's results were poor; its products had been boycotted in some countries following its earlier controversial disposal of the Brent Spar oil platform and its activities in Nigeria (allegedly disregarding minority rights).

Moody-Stuart adopted a more open corporate culture, instead of the multiple hierarchies of Shell's history. He published reports both on the environmental and social impact of Shell's activities, and also on the company's financial performance. He also made a commitment to examine renewable sources of energy, such as solar power. In 2000 Shell invested $300 million in the planned global offering of shares in China National Offshore Oil, the country's third largest oil producer.

Born in Antigua, West Indies, he was educated at Shrewsbury School and St John's College, Cambridge, achieving a doctorate in geology. He joined Shell in 1966 and gained his early experience working in Spain, Oman, and Brunei, and then as chief geologist in Australia, before leading Shell's North Sea oil exploration teams in 1976. Leaving exploration for more general management, he was then a senior manager in Turkey and Malaysia, involved in the development of major government projects. In 1990 he returned to Europe to coordinate all the company's exploration and production operations outside North America.

Moody-Stuart received the Tomorrow Environmental Leadership Award in 1999.

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