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Malcolm Brinded suffers fall out from OPL 245 scandal

By John Donovan

Former Royal Dutch Shell boss Malcolm Brinded has been replaced as a director of BBHP Billiton. His departure is a direct result of his key role in the OPL 245 corruption scandal and the consequential criminal prosecution underway in the Italian Courts. Brinded was involved in a string of scandals at Shell but thus far, has managed to escape retribution. 

A shake-up at the board of mining company BHP Billiton has been announced this morning. But it is the departures that are more interesting. The firm says that, “given his involvement in ongoing legal proceedings in Italy relating to his prior employment with Shell”, Malcolm Brinded has decided not to stand for re-election as a non-exec. FULL ARTICLE (RELATED: OPL 245: Shell email intercepts)

EXTRACTS FROM A RELATED FOX BUSINESS REPORT

By Robb M. Stewart Features Dow Jones Newswires

MELBOURNE, Australia–BHP Billiton Ltd. (BHP.AU) plans to replace two directors who have opted to leave the resources giant with experienced executives, another win for disgruntled investors.

Malcolm Brinded… has opted not to stand for re-election as a non-executive director due to his involvement in ongoing legal action in Italy related to his past employment at Royal Dutch Shell PLC (RDSA), Mr. Nasser said.

Mr. Brinded, a director since April 2004, will step down from the board in October, although Mr. Nasser said he looked forward to him being able to return in the future.

Italian prosecutors are investigating Shell’s involvement in buying a rich oil field off the coast of Nigeria. Mr. Brinded was a director of the energy company between 2002 and 2012.

-Write to Robb M. Stewart at [email protected]

(END) Dow Jones Newswires

August 22, 2017 20:52 ET (00:52 GMT)

FULL ARTICLE

EXTRACT FROM A RELATED BLOOMBERG REPORT

BHP’s New Chairman Heralds Era of Tougher Focus on Spending

Ex-Royal Dutch Shell Plc exploration chief Brinded, a BHP director since 2014, chose to stand down as a result of “ongoing legal proceedings in Italy relating to his prior employment,” BHP said. Shell and Eni SpA are the subject of scrutiny over the acquisition of an offshore oil field in the Gulf of Guinea.

FULL ARTICLE

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