STAVANGER, NORWAY--(Marketwire - Sep 7, 2012) - The nomination committee in Statoil
(OSE:STL, NYSE:STO) recommends that the company's corporate assembly
elects Børge Brende and Marjan Oudeman as new members of Statoil's
board of directors. Furthermore, the nomination committee recommends
board member Grace Reksten Skaugen as new deputy chair of Statoil's board
In the corporate assembly meeting 13 June 2012, Svein Rennemo was
chairman and Marit Arnstad as deputy chair, while Grace Reksten Skaugen,
Franklin, Jakob Stausholm, Lady Barbara Judge and Bjørn Tore Godal
re-elected as board members.
The nomination committee did at the same time inform of its intention to
an expansion of the board of directors with one new board member. The work
the nomination committee was still ongoing at this time, and it was
informed that an additional election will be held as soon as possible.
In a stock exchange notification published 20 June 2012, information was
about board member Marit Arnstad's resignation from the board, effective
immediately. On this basis, the nomination committee has worked to identify
candidates to the board, as well as a candidate to the role as the board's
Børge Brende is a Norwegian citizen. He is a managing director and
member of the
managing board in World Economic Forum. Brende has extensive international
political experience, including as a former Norwegian cabinet minister of
and industry (2004 - 2005) and a Norwegian cabinet minister of the
(2001 - 2004). Brende has also been the secretary-general of Norwegian Red
and chair of the UN commission on sustainable development.
Marjan Oudeman is a Dutch citizen. She is a member of the executive
Akzo Nobel, the world's biggest producer of global paints and coatings and
leading producer of specialty chemicals, with operations in more than 80
countries. Oudeman has extensive operational and leadership experience in
line management roles within the steel industry, as well as significant
international business experience.
The election to Statoil's board of directors takes place in the company's
corporate assembly Friday 14 September 2012. It is proposed that the
enters into effect from 15 September 2012 until the next ordinary election
shareholder-representatives to the board of directors in 2013.
This information is subject of the disclosure requirements pursuant to
5-12 of the Norwegian Securities Trading Act.
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Source: Statoil via Thomson Reuters ONE