Royal Dutch Shell plc (Shell) was awarded the prestigious 2010 President's Prize by Ferrari "for ongoing successful technical collaboration."
The highly coveted prize was given to Shell in recognition of its work with Ferrari in both the Formula One and road car arenas, and is based on product technical quality, results, relationship excellence and superior cooperation. It is the second time that Shell has received this prize since 2007.
Ferrari's President, Luca di Montezemolo, presented Shell with the prize at the traditional Ferrari Podio event in Ferrari's hometown of Maranello. Attending the ceremony honoring Shell's commitment to technical excellence were Andrew Foulds, Vice President Lubricants Technology, Shell Global Solutions, and Bruno Motta, Chairman of Shell Brands International.
The Ferrari President's Prize is one of just four accolades presented by Ferrari within the Podio event. The winners are selected from over 250 partners and suppliers. Selection of the winners involves an exhaustive process in which all Ferrari departments are consulted.
John Bullock, Executive Vice President Retail, attended a special Ferrari event and spoke about the prize on behalf of Shell.
"Receiving the President's Prize is a confirmation of the on-going success of our technical collaboration, spanning over sixty years. Shell is continuously dedicated to innovation, with the sole purpose of developing technology that we can then transfer to our road products, like Shell V-Power® fuel and Pennzoil Ultra™ motor oil," Bullock says.
Shell first began working with Enzo Ferrari in the 1930s and powered Ferrari to its first ever Formula One win at Silverstone in 1951. Today, over 50 Shell engineers contribute to the Shell Formula One research and development program with Scuderia Ferrari, working together to maximize performance and consumer benefits. The Shell trackside laboratory can be found at every Formula One race and analyses approximately 40 samples of Shell lubricant and fuel, reporting the engine conditions to Ferrari. While working with Shell, Ferrari has won ten Formula One Constructors' Championships and 12 Drivers' titles.
The term 'Shell Lubricants' collectively refers to the companies of Royal Dutch Shell plc that are engaged in the lubricants business. Shell Lubricants companies lead the lubricants industry, supplying 13% of global lubricants volume.(a) The companies manufacture and blend products for use in applications ranging from consumer motor oil and food processing oils to heavy industrial lubricants and commercial transport oils. The Shell Lubricants portfolio of top-quality brands includes Pennzoil®, Quaker State®, FormulaShell®, Shell TELLUS®, Shell CASSIDA®, Shell RIMULA®, Shell ROTELLA® T, Shell SPIRAX®, Jiffy Lube® and a portfolio of leading car care brands.
Shell Oil Products US, a subsidiary of Shell Oil Company, is a leader in the refining, transportation and marketing of fuels, and has a network of approximately 6,100 branded gasoline stations in the Western United States. Shell Oil Company is an affiliate of the Shell Group [(NYSE:RDS.A) and (NYSE:RDS.B)]. Shell Oil Company is a 50 percent owner of Motiva Enterprises LLC, along with Saudi Refining, Inc. Motiva Enterprises LLC refines and markets branded products through more than 8,300 Shell-branded stations in the Eastern and Southern United States.
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 100 countries with businesses including oil and gas exploration and production; production and marketing of Liquefied Natural Gas and Gas to Liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects including wind and solar power.
