31 August 2007

Executive Director Claude Mandil retires on 31 August after four and a half years heading the IEA. Mr. Mandil took the helm only one month before the outbreak of the war in Iraq, facing immediate concerns about possible oil supply disruptions. He ably led the Agency during a period when energy security again became a policy priority for governments around the world. Under his leadership, the IEA successfully orchestrated the second emergency oil stock release in its history in September 2005 to offset supply disruptions caused by Hurricanes Katrina and Rita and to stabilise global markets. Mr. Mandil also was a driving force behind IEA participation in the last three G8 summits which provided recommendations to reduce CO2 emissions resulting from energy production and consumption. His colleagues salute him and wish him a fulfilling and happy retirement.