Election to Statoil'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/