Statoil Appoints New Chair of Board of Directors

Statoil Appoints New Chair of Board of Directors
Jon Erik Reinhardsen has been elected as the new chair of Statoil's board of directors.

Jon Erik Reinhardsen has been elected as the new chair of Statoil's board of directors.

Chair of the board Øystein Løseth had informed the nomination committee that he did not wish to stand for re-election in 2017, as he wants to return to a career seeking more operational positions, according to a Statoil statement.

Roy Franklin was re-elected as deputy chair and Wenche Agerup, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Maria Johanna Oudeman and Jeroen van der Veer as members of the board of directors.

Jon Erik Reinhardsen has been the chief executive officer of Petroleum Geo-Services (PGS) since 2008. Reinhardsen will leave his position in PGS as of August 31, and has been elected as new chair of the Statoil board from September 1 until the ordinary election of shareholder-elected members to the board of directors in 2018.

The corporate assembly endorsed that the deputy chair of the board, Roy Franklin, will function as the acting chair of the board in an interim period from July 1, when Løseth leaves the board of directors, until and including Aug. 31.



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