Statoil ASA: 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 Jon Erik Reinhardsen as new chair of the
board of directors.
Furthermore, the nomination committee recommends a re-election of Roy Franklin
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.
Chair of the board Øystein Løseth has informed the nomination committee that he
does not wish to stand for re-election in 2017. Løseth has been a member of
Statoil's board of directors since 2014 and chair since 2015. Løseth wants to
return to a career seeking more operational positions that would be difficult to
combine with remaining as chair of the Statoil board. Løseth will leave the
board of directors effective as of 1 July 2017. On this basis, a new chair of
the board of directors is hereby nominated.
The nomination committee is unanimously recommending the election of Jon Erik
Reinhardsen as new chair of the board of directors of Statoil. Reinhardsen has
been the Chief Executive Officer of Petroleum Geo-Services (PGS) since 2008. PGS
delivers global geophysical- and reservoir services. The company has its
headquarters in Oslo and offices in 17 countries with approximately 1,800
employees.
"When Øystein Løseth informed that he would not stand for reelection, the
nomination committee initiated a broad search for the best available candidate.
The choice of Jon Erik Reinhardsen is based on his deep industrial and global
experience, paired with broad background from management of large organisations,
including as CEO of a truly global company. The nomination committee is very
satisfied that Reinhardsen has confirmed willingness to take on such a demanding
and important role as chair of the board of Statoil," says Tone Lunde Bakker,
chair of the nomination committee.
In the period 2005 - 2008 Reinhardsen was President Growth, Primary Products in
the international aluminium company Alcoa Inc. with headquarters in the US, and
he was in this period based in New York.
From 1983 to 2005, Reinhardsen held various positions in the Aker Kværner group,
including Group Executive Vice President of Aker Kværner ASA, Deputy Chief
Executive Officer and Executive Vice President of Aker Kværner Oil & Gas AS in
Houston and Executive Vice President in Aker Maritime ASA.
Reinhardsen has a Master's Degree in Applied Mathematics and Geophysics from the
University of Bergen. He has also attended the International Executive Program
at the Institute for Management Development (IMD) in Lausanne, Switzerland.
Reinhardsen is a member of the board of directors of Oceaneering International,
Inc. (since 2016), Borregaard ASA (since 2016), Telenor ASA (since 2014) and
Awilhelmsen AS (since 2010). He has previously been a member of the board of
directors of Cameron International Corporation (2009-2016), Höegh Autoliners
Holdings AS and Höegh LNG Holdings Ltd (2006-2014).
Reinhardsen will leave his position in PGS as of 31 August 2017, and is proposed
as new chair of the Statoil board from 1 September 2017. The nomination
committee proposes deputy chair of the board Roy Franklin as acting chair of the
board in the period from 1 July up until and including 31 August.
The election to Statoil's board of directors takes place in the company's
corporate assembly meeting Tuesday 6 June 2017. It is proposed that the election
of Reinhardsen enters into effect from 1 September 2017, and the re-election of
Roy Franklin, Wenche Agerup, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Maria
Johanna Oudeman and Jeroen van der Veer from 1 July 2017, effective until the
ordinary election of shareholder-elected members to the board of directors in
2018.
Contacts:
* Tone Lunde Bakker, chair of the nomination committee
* All enquiries to be directed through Statoil Corporate Press Office, Bård
Glad Pedersen, +47 918 01 791.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Statoil via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 30.05.2017 - 08:02 Uhr
Sprache: Deutsch
News-ID 545067
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contact information:
Town:
Stavanger
Kategorie:
Business News
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