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Shell Admits It Needs Asia-Pacific Director, More Women Board Members

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) Chairman Jorma Ollila has said it was important for the oil giant to have a company director from the Asia-Pacific region, given the increasing significance of the region to the company’s overall business.

Ollila, addressing shareholder at Shell’s annual general meeting, also said the company needs to improve the diversity of its board of directors, acknowledging that women and people of different ethnicities were underrepresented at the helm of the Anglo-Dutch company.

Shell intends for a quarter of its board to be female by 2015, with the addition of a member with an “Asian-Pacific background,” said Ollila.

At present, Shell’s 13-member board has two female non-executive directors, Christine Morin-Postel and Linda G. Stuntz. All Shell’s current board members come from Europe and the U.S.

-By Alexis Flynn, Dow Jones Newswires, [email protected], +44 207 8429471


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