Shell New Zealand’s Chairman to move on

Shell New Zealand

MEDIA STATEMENT
IMMEDIATE RELEASE
9 October 2001

Shell New Zealand’s Chairman to move on, Successor Announced

Ed Johnson, Chairman and Chief Financial Officer of the Shell Companies in New Zealand for the last three years, has announced his decision to step down in January 2002 after a career of some 20 years with the Company in New Zealand and in the UK. Dr. Lloyd Taylor, who was recently appointed Managing Director of Shell Petroleum Mining and is the head of Shell’s local Exploration and Production activities, will replace him as Country Chairman.

Announcing Johnson’s retirement this week from The Hague, Royal Dutch/Shell Group Managing Director for East Asia and Australasia Harry Roels thanked Mr Johnson for his many contributions in New Zealand and the wider Shell Group.

“Under Ed’s leadership and with the successful acquisition of Fletcher Challenge Energy (FCE), Shell is now New Zealand’s premier energy company and likely one of the top 5 across all segments. The acquisition of FCE was a defining moment in Shell’s history in New Zealand, and was exceptionally well handled by Ed and his team. Through Ed’s efforts Shell New Zealand is an acknowledged leader in the support of Sustainable Development. This is a passion of Ed’s, and I think he is one of New Zealand’s leading proponents of good corporate governance and the triple bottom line.” Mr Roels said.

“Having just completed a visit to Shell New Zealand last week, I can confirm that Shell New Zealand is performing to Group expectations, and that Ed is handing over a very sound operation.

“I am pleased to advise that Lloyd Taylor, currently Chairman and Managing Director of Shell (Petroleum Mining) Company Ltd will take over the additional role of Country Chairman for New Zealand. This will include Lloyd assuming responsibility as Chairman of Shell New Zealand Holding Company Ltd and Shell Forestry New Zealand Ltd, all with effect from 1 January 2002.

“I take this opportunity to wish Lloyd success in his new roles,” Mr Roels said.

Whilst Ed Johnson is leaving Shell, he will remain active in the New Zealand business arena through his position as Deputy Chairman of Fulton Hogan Ltd, and through the furthering of his board and advisory links.

ENDS

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