The reduction in Shell Energy Holdings Australia Limited’s (Shell’s) holding in Woodside from 34.27% to 24.27% in November 2010, will result in some changes to the Shell-nominated directors on Woodside’s Board.
The number of Shell-nominated directors on Woodside’s Board will be reduced from three to two.
Shell-nominated directors Tan Sri Dato’ Megat Zaharuddin (Din Megat) and Ian Robertson have indicated they will retire at Woodside’s Annual General Meeting to be held on 20 April 2011.
Andrew Jamieson will continue as a Shell nominated director on the Woodside Board. Shell is expected to nominate its second director during the second quarter of 2011.
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Source: Woodside, February 21, 2011;