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Bloomberg: Shell to Appoint ABN Amro Executive to Board, Keep Banking Ties (with comments by a Shell insider)

By Stephen Voss

March 8 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, will maintain its links with the biggest Dutch bank by naming ABN Amro Holding NV’s chief executive officer as a Shell director when a former ABN banker retires from Shell’s board.

Shell intends to elect ABN Amro’s Rijkman Groenink as a non- executive director at its annual general meeting on May 15, to replace Shell director Aarnout Loudon, The Hague-based Shell said in a statement today. Loudon is a former chairman of ABN Amro’s supervisory board, according to Shell.

About half of Shell’s 15-member board is made up of bankers.

To contact the reporter on this story: Stephen Voss in London at [email protected]

Last Updated: March 8, 2007 04:40 EST

(Comments by a Shell insider: Explains a lot – a wunch of bankers? And what about ABN-Amro’s research report into the advantages of a BP-Shell merger?)

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