Mr Broeders was suffering from cancer, which developed rapidly in recent weeks.

Our thoughts are with his wife and his children.

Mr Broeders was appointed to the SHV Executive Board of Directors on April 8, 2011. He was immensely looking forward to contribute to a next phase in SHV's history. It was envisaged Mr Broeders would succeed Mr P.J. Kennedy as Chairman of the Executive Board of Directors in due course.

The Executive Board of Directors of SHV will continue as is, comprising of Messrs P.J. Kennedy, S.R. Nanninga and J.J. de Rooij. Mr Kennedy will continue as Chairman of the Executive Board of Directors, for which SHV is very grateful.