Shell Chairman Steps Down


Kofi Annan with Philip Watts
(Click to Enlarge)
Royal Dutch Petroleum Company and The "Shell" Transport and Trading Company, p.l.c., announced a series of management changes with immediate effect.

Sir Philip Watts has stepped down as Chairman of the Board of The "Shell" Transport and Trading Company, p.l.c., and as Managing Director, by mutual consent. Mr. Jeroen van der Veer, the President of Royal Dutch Petroleum, will succeed him as Chairman of the Committee of Managing Directors.

Lord Oxburgh has been appointed interim non-executive chairman of The Shell Transport and Trading Company, p.l.c. Mr. Malcolm Brinded has been appointed a Director and Managing Director of the Company and will serve as Vice Chairman of the Committee of Managing Directors. Mr Brinded will step down from the Board of Management of Royal Dutch Petroleum Company and offer himself for election by shareholders of The "Shell" Transport and Trading Company, p.l.c., at the forthcoming Annual General Meeting.

Mr. Walter van de Vijver has stepped down from the Board of Management of Royal Dutch Petroleum Company and as a Group Managing Director, by mutual consent. Mr van de Vijver's duties as Chief Executive of Shell's Exploration and Production business will be assumed by Mr Brinded, in addition to his current responsibilities for the Gas and Power business.

Mr. Rob Routs, currently a member of the Board of Management of Royal Dutch Petroleum Company, will assume Mr van der Veer's responsibility for the Chemicals business in addition to his current responsibilities for the Oil Products business. Ms. Judith Boynton will continue as a Managing Director of the "Shell" Transport and Trading Company, p.l.c., and as Chief Financial Officer.
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