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Bloomberg: Shell Chief Executive to Stay in Post Until June 2009 (Update1)

By Fred Pals

March 28 (Bloomberg) — Royal Dutch Shell Plc, Europe’s biggest oil company, said Chief Executive Officer Jeroen van der Veer will continue in the position until June 30, 2009.

“Jeroen’s decision today provides clarity, and I am most pleased that he will stay on longer, providing valuable continuity and leadership in Shell over the next years,” Shell Chairman Jorma Ollila said today in a PR Newswire statement.

Van der Veer became CEO of Shell in October 2004, replacing Phil Watts, who departed earlier in the year after The Hague-based company admitted to overstating its reserves.

“I am keen to further progress our delivery and growth agenda,” Van der Veer, 59, said today in the statement.

To contact the reporter on this story: Fred Pals in Amsterdam at [email protected]

Last Updated: March 28, 2007 03:05 EDT

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