Business Context and Reporting Period
This Form 6-K filing by Royal Dutch Shell plc, dated December 13, 2012, reports a corporate governance update regarding changes to the Board of Directors. The filing does not cover a financial reporting period but rather announces personnel effective dates in January 2013 and May 2013.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is strictly limited to directorate changes and contains no financial performance data.
Material Changes
The material change reported is the composition of the Board of Directors:
- Appointment: Mr. Gerrit Zalm has been appointed as a Non-executive Director, effective January 1, 2013.
- Retirement: Mr. Jeroen van der Veer, a Non-executive Director since July 2009 and former Chief Executive (2004–2009), has elected to retire from the Board at the close of business on the date of the 2013 Annual General Meeting (AGM).
Outlook and Management Commentary
Chairman Jorma Ollila commented on Mr. van der Veer's departure, noting that upon stepping down in 2013, he will have completed 42 years of service to the Company. This includes 16 years as a director, covering his tenure as Chief Executive during a difficult period, a subsequent transition, and a successful unification. Mr. Zalm is scheduled to seek re-appointment by shareholders at the AGM in May 2013. No financial guidance or risk contingencies are disclosed in this text.
Key Facts for Investor Verification
- Mr. Gerrit Zalm's appointment as Non-executive Director is effective January 1, 2013.
- Mr. Jeroen van der Veer's retirement is effective at the close of the 2013 AGM (scheduled for May 2013).
- Mr. Zalm's background includes serving as Chairman of ABN AMRO Bank N.V. and Minister of Finance of the Netherlands.
- This filing contains no financial results; investors should refer to the Company's Form 20-F for financial data.