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Reuters: More Shell Canada execs retire after privatization

Thu May 3, 2007 5:21 PM BST

CALGARY, Alberta, May 3 (Reuters) – Two more Shell Canada Ltd.’s [SHC.TO] senior executives have announced their retirement following Royal Dutch Shell Plc’s (RDSa.L: Quote, Profile , Research) acquisition and privatization of its Canadian unit.

Cathy Williams, Shell Canada’s chief financial officer, and Ian Kilgour, senior vice-president of exploration and production, will retire in June, the company said on Thursday.

The announcement comes after the Anglo-Dutch oil major wrapped up the C$8.7 billion ($7.8 billion) purchase of the minority shareholding in its Canadian unit last month.

Royal Dutch has taken Shell Canada private, delisted the unit’s shares from the Toronto Stock Exchange and plans to absorb the company into its overall operations.

Clive Mather, who had been chief executive of Shell Canada since 2004, announced his retirement in April. He is being replaced on an interim basis by Adrian Loader, Royal Dutch Shell’s director of strategy and development.

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