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Election to Statoil's Board of Directors

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LNG Industry,


Statoil ASA has announced that Jon Erik Reinhardsen has been elected as the new Chair of the company’s Board of Directors.

Reinhardsen has served as the CEO of Petroleum Geo-Services (PGS) since 2008. He will leave this position as of 31 August 2017, and will serve as the new Chair of the Board at Statoil from 1 September 2017 until the ordinary election of shareholder-elected members to the Board of Directors in 2018.

Øystein Løseth – the current Chair of the Board – reportedly did not wish to stand for re-election in 2017, as he wants to return to a career seeking more operational positions.

Statoil claims that Roy Franklin was re-elected as Deputy Chair, whilst Wenche Agerup, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Maria Johanna Oudeman and Jeroen van der Veer were re-elected as members of the Board of Directors. These re-elections enter effect on 1 July 2017 and until the ordinary election of shareholder-elected members to the Board of Directors in 2018. All candidates were elected in accordance with the proposal from the nomination committee.

Furthermore, Statoil claims that the corporate assembly re-elected Ingrid Di Valerio and Stig Lægreid as employee-elected members of the company’s Board of Directors. Per Martin Labråthen was elected as a new employee-elected member. Hans Einar Haldorsen, Per Steinar Stamnes and Jorunn Birkeland (with this priority) were elected as deputy members for the employee-elected board members.

The employee-elected members to the Board of Directors enters into effect from 8 June 2017 and until the ordinary election of employee-elected members to the Board of Directors in 2019.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/07062017/election-to-statoils-board-of-directors/


 

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