Groenink abandons Shell board plan

ABN Amro chief executive Rijkman Groenink has abandoned plans to run for a board role at Shell Transport & Trading in the wake of opposition from the oil company's shareholders sparked by his handling of the takeover battle for the Dutch bank.

Shell confirmed in a statement this morning that Groenink has "requested the withdrawal of his nomination for the position of non-executive director of Royal Dutch Shell at this time".

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