The sale, which will cost Vitol $2.6 billion, includes Shell’s refinery in Geelong, 870 service stations, its bulk fuels and chemicals unit, and part of its lubricants business. The move comes at a time when Shell is looking to dispose of various assets as part of its strategy to change the emphasis of the company in 2014.

Other recent disinvestments by Shell include the sale of refineries across Europe in the UK, Germany, France, Norway and the Czech Republic. The firm has also offloaded its downstream businesses in Egypt, Spain, Greece, Finland and Sweden.


“Hello, this is Norm.” Sometimes it is an advantage to catch a busy man at full flight. Norman Anderson is President and CEO of CG-LA Infrastructure and I finally caught up with him in the transit lounge of Tunis Airport – he claims not to be affected by jet-lag but the last seven days or so had seen him in Manila, Tokyo, Rome, London and Dubai. But he is not a man who needs to think too hard about the message he lives – and travels – to proclaim.


Actavis has spent many billions of dollars in the last three years acquiring rival drug companies in order to expand its products portfolio, however this marks its biggest purchase ever and is one that it expects to bring more than $1 billion in cost savings.


The world’s largest mining company profited from improvements in its iron ore, coal and petroleum businesses, with profit from the former rising by 60 percent, powered by production from its Western Australia mines which produced a record of 108 million tonnes.


Pedro Camacho is an entrepreneur with real vision. 16 years ago when he founded Blue Sky Satellite Communications, the industry was distinctly niche in character, though even then it was becoming obvious that it was going to be a key to growth in Africa. With very little in the way of fixed telecoms infrastructure on the continent, and that but poorly maintained and unreliable, cellphones quickly became the enabling technology, and Africa started to lead the innovative ways it is used today, famously making mobile finance mainstream.


Founded by current CEO, Clifford Elphick, in July 2005, Gem Diamonds has made significant strides in the years that followed to become a leading global producer of high value diamonds. The company is the majority owner of the well-known Letšeng mine in Lesotho and is also in the process of developing its 100 percent owned Ghaghoo mine in Botswana.


Located in La Rinconada El Salto, in the province of Huechuraba next to the new Financial District of Santiago, Ciudad Empresarial is the largest business park in Chile. “The concept for the business park came together in 1995,” explains Project Director, Benjamin Labra. “At the heart of this concept was a vision to create a neighbourhood of offices, residential space and retail services, the integration of which would become a milestone moment for Santiago and Chile as a whole.”


Whichever side of the C-Suite you look at, senior management is seeing its isolation ebbing away. This is a positive development. It creates a more agile business that can maintain its competitive advantage in the face of a quickly shifting marketplace.

The CFO can no longer ignore the CIO. They must work together on transformative projects to ensure return on investment and long-term value. COOs and heads of HR need to unite across change projects, otherwise new processes and procedures fall on deaf ears and impact staff morale.

ABOUT THE AUTHOR

studio

Creative Director


Measuring two and three-quarter miles across and with a depth of approximately three-quarters of mile, the Bingham Canyon Mine was for many years the largest man-made excavation on Earth. It is from here, southwest of Salt Lake City, Utah, in the Oquirrh Mountains that Rio Tinto Kennecott sources almost a quarter of the total copper needs of the United States.