Linda Cook, a former executive director at Royal Dutch Shell, who, among other things, managed a large chunk of the company’s green investments, has joined Marathon Oil’s board of director.
Prior to exiting Shell in 2009, Cook scaled back the company’s green power investments away from wind generation to focus on biofuels. At the time she defended the cuts, saying: “If there aren’t investment opportunities which compete with other projects we won’t put money into it. We are businessmen and women. If there were renewables [that made money] , we would put money into it.” Shortly after her departure, Shell announced a $1.6 billion joint venture with Cosan, the Brazilian sugar-based ethanol company.
Unlike some of its competitors, Marathon is not building up a renewable energy portfolio and is instead growing its oil and gas exploration business. Just last week Marathon spun off its refining business and its biofuel assets into Marathon Petroleum.
About Cook Marathon CEO, Clarence Cazalot said: ”Linda’s extensive global experience in oil and gas exploration and production, her keen business insights and knowledge of other key elements of the upstream business, and her proven track record as a leader make her an outstanding addition to the Marathon Oil board.”