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Tue 24 Aug 2010, 14:02 GMT

Broeders leaves Royal Vopak


Chairman leaves Vopak to join SHV Holdings as member of the Executive Board of Directors.

Current Chairman of Royal Vopak N.V., John Paul Broeders has accepted an offer to join private trading group SHV Holdings as member of the Executive Board of Directors as of April 2011.

In a statement, SHV Holdings said Broeders will succeed Patrick Kennedy as Chairman of the Executive Board of Directors 'in due course'.

The Supervisory Board of Royal Vopak has said that Broeders' successor will be Eelco Hoekstra, the current President of Vopak’s Asia Division.

"It is in the Board’s view that this appointment will be the best guarantee to ensure a successful continuation of Vopak’s current strategy for the coming years," Vopak said in a statement.

The proposal is that Eelco Hoekstra will join the Executive Board of Vopak at short notice, and take over the function of Chairman of the Executive Board on March 1, 2011. John Paul Broeders will depart the company on this date.

Hoekstra has worked for Vopak since 2003. He was previously employed as Managing Director of Vopak Horizon Fujairah (UAE), Division President Latin America and is currently Asia Division President. He has also held other senior management positions with tank storage companies in Asia and South America.

Hoekstra will be supported in his new role by current executive board members Jack de Kreij (CFO), who will become Vice-Chairman of the Executive Board, and Frits Eulderink.

"By appointing Eelco Hoekstra, the three key disciplines -commercial, financial and operational- are again represented in a balanced way in the executive board. The new chairman and his colleagues have a wealth of knowledge of and experience in these three domains," Vopak said in a statement.

The proposal to appoint Hoekstra will be presented at an extraordinary shareholders meeting, which Vopak said will be convened 'shortly'.

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