Anchoring success

by Ibrahim El-Husseini, Jake Melville Sean Wheeler & Satyajeet Thakur April 1, 2010

written by Ibrahim El-Husseini, Jake Melville Sean Wheeler & Satyajeet Thakur April 1, 2010

For decades, major energy companies have been at the forefront of the global shipping of hydrocarbons. However, energy company shipping assets have largely underperformed, and this has generally been accepted as a price worth paying for the strategic interests they provide — i.e. the securing of transportation for their hydrocarbons. Given the shipping business’s capital-intensive and volatile nature, poor commercial performance can have a material financial impact, which in the long run can lead to management growing disillusioned with its shipping operation, and the consequent scaling back of legitimate strategic interests in shipping. The case for focusing on commercial performance Booz & Companys’ analysis reveals that the shipping divisions of international oil companies (IOCs) and national oil companies (NOCs) have comparatively low returns on capital. This is primarily because management often views shipping as a cost center. The lack of emphasis on commercial results also provides little incentive to innovate

Ibrahim El-Husseini

Ibrahim Al Husseini is a renowned venture capitalist and sustainability-focused entrepreneur with over 25 years of experience. As founder of FullCycle, he works to reverse climate change by accelerating climate-restoring technologies. He has raised half a billion dollars for companies like Tesla Motors and Bloom Energy and co-founded several innovative businesses. Raised in Saudi Arabia and educated in the U.S., he now sits on boards supporting environmental and humanitarian causes.

Jake Melville

Jake is an experienced professional in strategy, operations, and technology deployment, specializing in energy transition and renewable technologies. He has led major client relationships at BCG and Booz Allen Hamilton, focusing on the oil and gas sector. He is currently a director of a windfarm company and a trustee of the Wheelyboat Trust, with notable recognitions including Young Global Leader by the WEF and a Badge of Honour from the British Red Cross. Prior roles include leadership in Dominion Resources and the Edinburgh Worldwide Investment Trust.

Sean Wheeler

Sean Wheeler is a Stanford University Fellow at the Distinguished Careers Institute, mentoring Stanford students and start-ups, and Co-Chair of a Special Interest Committee on Sustainability at the Stanford Doerr School of Sustainability. He was a senior partner in Kearney’s Strategy practice, covering the Energy sector, Public Sector, and family businesses, and served as Managing Partner for Turkey and the Black Sea region. With 28 years of international experience, he has led high-profile initiatives in the Middle East, Europe, and the Americas, focusing on global transformations, cost optimization, and growth. His pro bono work includes developing educational strategies for special needs schools and assisting refugees with business opportunities.

Satyajeet Thakur

Satyajeet Thakur, based in United Kingdom, is currently a Director and Chief Executive Officer at Bblunt. Satyajeet Thakur brings experience from previous roles at Egon Zehnder, Kc Maritime, Univan Ship Management LTD and Strategy&, Part of the PWC Network. Satyajeet Thakur holds a 2003 - 2005 Master of Business Administration in Management @ London Business School.

Anchoring success

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