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A spokeswoman for Exxon declined to comment. Pace and Rubinstein did not immediately respond to requests for comment. Rubinstein updated his LinkedIn profile to reflect his move to Exxon, but his exact title is not clear. A source familiar with the matter said he has already started at the company types of cufflinks. Exxon has been aiming to expand trading and marketing around more of its growing energy assets to get the best prices for its products and increase earnings. “That is the style of the guys they are hiring,” one industry source said..
AMSTERDAM/PARIS (Reuters) – Shares in Air France-KLM fell sharply as the Dutch government amassed a 14 percent stake in the airline to counter French influence, in a surprise move highlighting tensions over the company’s strategic direction types of cufflinks. Air France-KLM shares closed 11.7 percent lower in European trading on Wednesday, as analysts said the tug of war risked harming the company and its investors. “Air France-KLM risks becoming a political football between two governments,” Liberum analysts said in a note..
Late on Tuesday, Dutch Finance Minister Wopke Hoekstra announced the acquisition of an initial 12.7 percent stake for 680 million euros ($774 million). By the end of Wednesday it had increased its holding to 14 percent at a total cost of 744 million euros, the government said in a statement. That was close to parity with France’s 14.3 percent stake. The stealth move came weeks after a confrontation between the Dutch government and the company’s French-dominated executive board over waning Dutch influence types of cufflinks.
France reacted angrily to what Finance Minister Bruno Le Maire described as an “incomprehensible” intervention by the Netherlands. Le Maire will meet Hoekstra to discuss the standoff later this week, officials said, with one likening its behavior to that of a “corporate raider”. Although Air France and KLM merged in 2004, the KLM subsidiary has always maintained an independent corporate structure within the group. With The Hague’s firm backing, the KLM subsidiary has balked at attempts by Air France-KLM group’s new Canadian Chief Executive Ben Smith to move toward deeper integration types of cufflinks.
Air France-KLM said on Wednesday it would seek to ensure that the Dutch government’s sudden arrival as a major shareholder “will not negatively impact the new working dynamic of the group” types of cufflinks. While the stake-building appears to have supported the share price over recent days, Liberum analysts said, hopes that the French government would eventually sell its shares now look unjustified. “Government interference is unwelcome and likely to be contrary to investors’ interests,” they said..