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Shell News Friday, 11 February 2005

Shell News Friday, 11 February 2005

From May, all decisions will be taken by the company’s new board in The Hague, which has seven Dutch members and four Britons!

THE LONDON TIMES: Dual chairmanship goes as Unilever delays over merger: BOARDS SHOW DUTCH COURAGE: “Shell proposed the merger of its two joint venture units, Royal Dutch and the Shell Transport & Trading Company, in October last year, in the wake of its reserves scandal. From May, all decisions will be taken by the company’s new board in The Hague, which has seven Dutch members and four Britons.” (ShellNews.net) 11 Feb 05

FINANCIAL TIMES: Unilever hopes to drive a big push for sales and clarity: “Its corporate shake-up was not nearly as far-reaching as Shell’s… because its problems – a first-ever profits warning last year and a long period of dismal growth – were not on the scale of Shell’s reserves debacle.” (ShellNews.net) 11 Feb 05

Financial Times: Sure at Shell: “Michiel Brandjes was named yesterday as the first company secretary of Royal Dutch Shell, the unified group that is due to be created this year.” (ShellNews.net) 11 Feb 05

The Guardian (UK): Unilever chief savages old guard: “Unilever – which, with Shell, was one of two big Anglo-Dutch groups to suffer an annus horribilis in 2004 (ShellNews.net) 11 Feb 05

Lloyds List: Michiel keeps his Kool in hot seat at Shell Marine: “The announcement of Shell Marine’s new facilities in Mobile is a bonus for Michiel Kool, who has been in the chief executive role for one year.” (ShellNews.net) 11 Feb 05

Lloyds List: Shell prepares for impact of green fuel regulations: “’The significance of this legislation and the impact on availability should not be underestimated,’ said Trine Wulff-Nilsen of Shell Marine Products.” (ShellNews.net) 11 Feb 05

Lloyds List: Oil firms move to raise Gulf of Mexico share: “AS the Gulf of Mexico bunker market expands, oil companies such as Royal Dutch/Shell are using new facilities to raise their own market share and move closer to their customers’ requirements.” (ShellNews.net) 11 Feb 05

THE NEW YORK TIMES: Shell Hasn’t Seen Russian Audit Report: “The Royal Dutch/Shell Group of Cos. said Thursday it had yet to receive a copy of a report prepared by Russia’s financial watchdog, which alleged that a consortium led by the oil giant had cost the state $2.5 billion in lost profits” (ShellNews.net) Posted 11 Feb 05

La Société: Shell announces appointment of new Company Secretary: “The Royal Dutch/Shell Group of Companies today announced the appointment of Michiel Brandjes as Company Secretary of Royal Dutch Shell plc.” (ShellNews.net) Posted 11 Feb 05

THE WALL STREET JOURNAL: Complexity Of LPG Deal Could Delay Divestment -Shell Exec: “Royal Dutch/Shell Group still wants to divest its liquefied petroleum gas business this year, but the complexity of the transaction could push the timing back until late 2005” (ShellNews.net) Posted 11 Feb 05

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