Recommendation from Statoil's nomination committee
(Thomson Reuters ONE) -
The nomination committee in Statoil (OSE:STL, NYSE:STO) recommends that the
company's corporate assembly elects Catherine Hughes and James J. Mulva as new
members of Statoil's board of directors.
Furthermore, the nomination committee recommends re-election of Svein Rennemo
(chair), Grace Reksten Skaugen (deputy chair), Børge Brende, Bjørn Tore Godal,
Maria Johanna Oudeman and Jakob Stausholm as members of the board of directors.
Board members Roy Franklin and Lady Barbara Judge have notified the nomination
committee that they do not wish to stand for re-election to the board of
directors.
Catherine Hughes is a Canadian/French citizen. She has an extensive career
within the oil and gas industry. From 2009 to 2013 she worked for Nexen, located
in Alberta, Canada, first as vice president (VP) operational services,
technology and HR and from 2012 as executive vice president responsible for all
activities outside Canada. From 2005 to 2009, she was VP exploration and
production services then VP oil sands at Husky Oil. Prior to that Hughes spent
20 years with Schlumberger and held key positions in various countries including
Nigeria, Italy, France, UK, Canada and USA. She holds a Bachelor of Science
degree in electrical engineering from Institut National des Sciences Appliquées
de Lyon.
James J. Mulva is a US citizen. He was president and CEO of Houston-based
ConocoPhillips from 2002 until retirement in 2012. From 2004 to 2012 he also
served as chairman of the board. Prior to this he was chairman, president and
CEO of Phillips Petroleum from 1999 to 2002. Mulva started his career in the
oil and gas industry with Phillips Petroleum Company in 1973 and held positions
within the finance area, being chief financial officer (CFO) from 1990 -1993. He
served as chief operating officer (COO), responsible for all operations
including refineries, offshore and onshore activities from 1994 to 1999. He
holds a Master of Business Administration from University of Texas. Mulva
presently serves at the board of directors of General Motors and General
Electric.
The election to Statoil's board of directors takes place in the company's
corporate assembly Tuesday 11 June 2013. It is proposed that the election enters
into effect from 1 July 2013 until the next ordinary election of shareholder-
representatives to the board of directors in 2014.
Live Haukvik Aker is elected member of the board of directors of Kværner ASA and
has subsequently resigned from her positions in the corporate assembly and
nomination committee of Statoil ASA as of today.
Contacts:
Olaug Svarva, chair of the nomination committee
All enquiries to be directed through
Statoil Corporate Press Office
Jannik Lindbæk
Tel: +47 977 55 622
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Statoil via Thomson Reuters ONE
[HUG#1706985]
Unternehmensinformation / Kurzprofil:
Datum: 04.06.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 266329
Anzahl Zeichen: 3709
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Recommendation from Statoil's nomination committee"
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