London – The Anglo–Dutch multinational oil and gas company, Royal Dutch Shell plc, has announced that board-member Josef Ackermann would retire as a non-executive director at its annual meeting in May.
Ackermann’s departure from Shell is the latest retreat from high-profile corporate positions for the former CEO of Germany’s largest business bank Deutsche Bank AG.
He stepped down from the supervisory board of German engineering conglomerate Siemens in September, two weeks after quitting as chairman of Zurich Insurance, following the suicide of the chief financial officer.
Shell’s annual meeting is scheduled for May 20. The company is holding a management day on March 13, when it will attempt to win round investors after a major profit warning in January.