Chaco Resources plc, the oil and gas explorer and developer focussed in South America, announces the appointment of Dick van den Broek as Non-Executive Deputy Chairman, effective on 3 May 2007. Mr van den Broek was previously appointed as a consultant to the Company and adviser to the Chairman on 27 February 2007.
Mr van den Broek (68) has spent 33 years working in many different assignments worldwide for Royal Dutch Shell ('RDS'). His last assignment with RDS was as regional director for Latin America & Africa, and a director of Shell International Petroleum, with full responsibilities for all RDS activities in those continents, both upstream and downstream. In Latin America, these included significant upstream transactions in Colombia, Peru, Argentina and Venezuela, and many negotiations with government bodies throughout the region.
Since his retirement from RDS he has acted as a consultant on strategic and policy related issues to various international institutions, such as to Accenture in Russia and India, to the EBRD for the Romanian oil industry and to CDC in the Philippines.
Mr van den Broek is an active participant in institutions focussed on Latin America such as Canning House and the Anglo-Venezuelan Society. He is of Dutch nationality, based in London, and has a Masters degree in Economics from Erasmus University in Rotterdam (NL).
Commenting, Giles Clarke, Non-Executive Chairman said:
'Dick has developed an excellent career in the oil industry and is highly experienced in operating in South America. He will significantly contribute to the Company through his deep experience and extensive contacts in the industry and region.'