Jon Erik Reinhardsen has been elected as new chair of Statoil’s board of directors.
Øystein Løseth, who was chairman for the last two years, 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.
Løseth leaves the board on July 1, 2017.
Reinhardsen will resume from the position of Chief Executive Officer of Petroleum Geo-Services (PGS)a job he has held for nine years (since 2008), and take on chairmanship of the board of one of Europe’s largest E&P companies from September 1, 2017, until the ordinary election of shareholder-elected members to the board of directors in 2018.
Meanwhile, Roy Franklin will retain his position as deputy chair and will function as the acting chair of the board in an interim period fromJuly1, 2017, when Løseth leaves the board of directors, until and including August31, 2017.
WencheAgerup, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Maria Johanna Oudeman and Jeroen van der Veer were all re-elected members of the board of directors.