November 23, 2007
Robert Lindsay
Shell has initiated a shake-up of the board of Regal Petroleum after its $410 million (£198 million) deal to enter a joint venture to develop its assets in Ukraine. The chief executive and chairman have both quit to make way for John Greer, who headed Shell’s Sakhalin project, as executive chairman. He is joined by another Shell director, Harry Verkuil. The shares dropped 17p as investors worried whether there were performance issues yet to be revealed but later closed down just 1p at 163p.
http://business.timesonline.co.uk/tol/business/markets/article2926599.ece
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