Statoil’s BoD gets new chair

Statoil's BoD gets new chair

Norway’s Statoil said that Øystein Løseth was elected as new chair and Roy Franklin as a new member and deputy chair of the company’s board of directors.

Chair of the board Svein Rennemo and board member Jim Mulva had in advance informed the nomination committee that they did not wish to stand for re-election in 2015, Statoil said in a statement on Wednesday.

Bjørn Tore Godal, Jakob Stausholm and Marjan Oudeman were re-elected as members of the board of directors. Board member Rebekka Glasser Herlofsen, who was elected to the board from 19 March 2015, has been elected until the ordinary election of shareholder-elected members to the board of directors in 2016.

The election enters into effect from 1 July 2015 and until the ordinary election of shareholder-elected members to the board of directors in 2016.

Furthermore, Statoil’s corporate assembly re-elected Lill-Heidi Bakkerud, Ingrid Di Valerio and Stig Lægreid as employee-elected members of Statoil’s board of directors. Per Steinar Stamnes, Per Gunnar Stavland og Kjetil Hansen Melvær were elected as deputy members for the employee-elected board members.

Image: Statoil

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