StatoilHydro's Executive VP Steps Down

Hilde Merete Aasheim is leaving StatoilHydro ASA for a position as Executive Vice President for Aluminium Metal in Norsk Hydro ASA.

Aasheim has held the position as Executive Vice President for corporate staffs and services since the establishment of StatoilHydro on October 1, 2007.

Hilde Merete Aasheim headed the efforts related to the integration process between Statoil and Hydro's oil and gas activities which resulted in the establishment of StatoilHydro.

After the merger, Aasheim has, in addition to her responsibility as a member of the corporate executive committee, headed the efforts related to planning the integration of the offshore operations and onshore facilities in StatoilHydro.

This work is entering a new phase, as planned, where more of the work will be performed in each of the affected business areas.

Hilde Merete Aasheim's date of resignation is to be decided later.