People: Statoil ASA (STL.OL)

STL.OL on Oslo Stock Exchange

174.30NOK
16 Apr 2014
Price Change (% chg)

kr2.10 (+1.22%)
Prev Close
kr172.20
Open
kr171.50
Day's High
kr174.30
Day's Low
kr171.30
Volume
2,328,820
Avg. Vol
3,365,124
52-wk High
kr174.30
52-wk Low
kr122.90

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Summary

Name Age Since Current Position

Svein Rennemo

66 2008 Independent Chairman of the Board

Helge Lund

51 2004 President, Chief Executive Officer

Grace Reksten Skaugen

61 2012 Independent Deputy Chairman of the Board

Torgrim Reitan

44 2011 Chief Financial Officer, Executive Vice President

John Knight

55 2011 Executive Vice President, Global Strategy and Business Development

Eldar Saetre

57 2011 Executive Vice President, Marketing, Processing and Renewable Energy

Lars Bacher

49 2012 Executive Vice President, Development and Production International (DPI)

Timothy Dodson

54 2011 Executive Vice President, Exploration

William Maloney

58 2011 Executive Vice President, Development and Production North America

Arne Nylund

2014 Executive Vice President for Development and Production Norway

Margareth Ovrum

55 2004 Executive Vice President, Technology, Projects and Drilling

Lill-Heidi Bakkerud

50 2004 Director, Employee Representative

Ingrid di Valerio

49 2013 Director, Employee Representative

Stig Laegreid

50 2013 Director, Employee Representative

James Mulva

67 2013 Director

Maria Oudeman

54 2012 Director

Bjorn Godal

68 2010 Independent Director

Catherine Hughes

49 2013 Independent Director

Jakob Stausholm

45 2009 Independent Director

Hilde Nafstad

Senior Vice President

Biographies

Name Description

Svein Rennemo

Mr. Svein Rennemo has been Independent Chairman of the Board of Directors of Statoil ASA since April 1, 2008. In addition, he serves as Member of the Company's Compensation and Executive Development Committee. Mr. Rennemo is a former Chief Executive Officer of Petroleum Geo-Services ASA (2002-2008). Prior to this, he worked for Borealis (1994-2001), initially as Deputy Chief Executive and Chief Financial Officer, and from 1997, as Chief Executive Officer. Earlier in his career, he held several management positions at Statoil (1982-1994), most recently as Head of the Petrochemicals Business Area. He also served as Advisor and Analyst in Monetary Policy and Economics at the Central Bank of Norway, at the OECD secretariat in Paris and the Norwegian Ministry of Finance. Mr. Rennemo chairs the Boards of Directors of Tomra Systems ASA and Pharmaq AS. He is Economist and has graduated from Universitet i Oslo.

Helge Lund

Mr. Helge Lund has served as President and Chief Executive Officer of Statoil ASA since August 2004. Apart from his duties at the Company, he serves on the Board of Directors of Nokia. Mr. Lund joined the Company from Aker Kvaerner ASA, where he was Chief Executive Officer. Prior to that, he held a number of positions in the Aker RGI system. Mr. Lund has experience as Political Advisor to the Conservative Party's parliamentary group, Consultant at McKinsey & Co. and Deputy Managing Director at Nycomed Pharma AS. He holds a Master of Arts degree in Business Economics from Norges handelshoyskole (the Norwegian School of Economics and Business Administration (NHH) and a Master of Business Administration from the INSEAD - Institut Europeen d’Administration des Affaires, France.

Grace Reksten Skaugen

Ms. Grace Reksten Skaugen has been Independent Deputy Chairman of the Board of Directors of Statoil ASA since September 15, 2012. She chairs the Company’s Compensation Committee. She joined the Board as Member in 2002. Ms. Skaugen is a self-employed Business Consultant. Previously, she was Director within Corporate Finance at SEB Enskilda Securities (1994-2002), and worked in venture capital and shipping in Oslo and London. She has also carried out research in the field of Microelectronics at Columbia University in New York. Ms. Skaugen is Chairman of the Board of the Norwegian Institute of Directors. She also serves as Member on the Boards of Orkla ASA and Investor AB, and chairs the Board of NAXS Nordic Access Buyout AS, a subsidiary of the Swedish listed company Nordic Access Buyout Fund AB. She has a Doctorate degree in Laser Physics from Imperial College of Science and Technology, London University, and a Master of Business Administration degree from Handelshoyskolen BI (the Norwegian School of Management).

Torgrim Reitan

Mr. Torgrim Reitan has served as Chief Financial Officer and Executive Vice President of Statoil ASA since January 1, 2011. His previous positions within the Company include Senior Vice President (SVP) in Trading and Operations in the natural Gas business area (2009-2010), SVP in Performance Management and Analysis (2007-2009) and SVP in Performance Management, Tax and M&A (2005-2007), among others. Mr. Reitan holds a Master of Science degree from Norges Handelshoyskole, Bergen - NHH.

John Knight

Mr. John Knight has served as Executive Vice President for Global Strategy and Business Development at Statoil ASA since January 1, 2011. He joined the Company in 2002 and has held several managerial positions within the Company's International Operations. He started his professional carrier as lawyer/barrister in 1977 and joined Shell Petroleum in 1985. Between 1987 and 2002, he held a number of positions within energy investment banking. Mr. Knight holds his first and post graduate degrees in Law from Cambridge University and the Inns of Court School of Law in London (City University, London).

Eldar Saetre

Mr. Eldar Saetre has served as Executive Vice President for Marketing, Processing and Renewable Energy at Statoil ASA since January 2011. Prior to this, he was Executive Vice President and Chief Financial Officer of the Company from October 2003 until December 2010. He joined the Company in 1980. Mr. Saetre is Member of the Boards of Stromberg Gruppen AS and Trucknor AS. He holds a Master of Arts degree in Business Economics from Norges Handelshoyskole, Bergen - NHH.

Lars Bacher

Mr. Lars Christian Bacher has served as Executive Vice President for Development and Production International (DPI) at Statoil ASA since September 1, 2012. He joined the Company in 1991, and has since held a number of management positions including platform manager at the Norne and Statfjord fields on the Norwegian continental shelf. He was also Senior Vice President for Gullfaks operations and later for the Tampen area. His most recent position, which he held from September 2009, was that of Senior Vice President for Statoil’s Canadian operations within Development & Production North America (UPNA). Mr. Bacher is a graduate engineer in Chemical Engineering from Norges Teknisk-Naturvitenskapelige Universitet NTH (the Norwegian University of Science and Technology), and holds a Master’s degree in Finance from Norges Handelshoyskole, Bergen - NHH (the Norwegian School of Economics).

Timothy Dodson

Mr. Timothy (Tim) Dodson has served as Executive Vice President for Exploration at Statoil ASA since January 1, 2011. He joined the Company in 1985 and has held central management positions, including, among others, Senior Vice President for Global Exploration at Exploration and Production Norway and the technology area. Mr. Dodson holds a Master of Science degree in Geology and Geography from the University of Keele.

William Maloney

Mr. William Maloney has served as Executive Vice President of Development and Production North America at Statoil ASA since January 1, 2011. Prior to this, he held the position of Senior Vice President in charge of global operations within Statoil's International Operations division (2002-2010). Prior to joining the Company, he has held various managerial positions at Shell, Davis Petroleum Corp and Taxaco (1981-2002). Mr. Maloney serves on the Corporate Advisory Board of AAPG and is Member of the Board of API. He holds a Master of Science degree in Geology from Syracuse University.

Arne Nylund

Mr. Arne Sigve Nylund has been appointed Executive Vice President for Development and Production Norway at Statoil ASA, effective as of January 1, 2014. He has been Senior Vice President, Processing and Manufacturing in Marketing, Processing and Renewable Energy (MPR), a role he has held since 2009. He joined Statoil in 1987 with the transfer of the operatorship of Statfjord from Mobil. He has a background from a range of operational and managing positions. He has been Platform Manager at Gullfaks, Operations Manager at Statfjord and Senior Vice President for Statfjord operations and Operations West in DPN. He holds a Bachelor of Science degree in Engineering from the Stavanger Technical College, 1981, a Bachelor of Science degree in operations management from University of Stavanger (Universitetet i Stavanger), 1988 and a business economist degree from Norwegian School of Economics (Norges Handelshoyskolen, Bergen – NHH), 1989.

Margareth Ovrum

Ms. Margareth Ovrum has served as Executive Vice President for Technology, Projects and Drilling at Statoil ASA since September 2004. She joined the Company in 1982 and has held central management positions within the Company, including the roles of Executive Vice President for Health, Safety and the Environment, and Executive Vice President for Technology & Projects. Apart from that, she was Platform Manager on the Gullfaks field, Senior Vice President for Operations for Veslefrikk, and Vice President of Operations Support for the Norwegian continental shelf. Ms. Ovrum is Member of the Board of Directors of Ratos AB and Atlas Copco AB. She holds a Master’s degree in Engineering from Norges Tekniske Hoyskole, Trondheim (NTH), now Norges Teknisk-Naturvitenskapelige Universitet – NTNU, specializing in Technical Physics.

Lill-Heidi Bakkerud

Ms. Lill-Heidi Bakkerud has been Employee Representative on the Board of Directors of Statoil ASA since 2004. She is Member of the Company's Safety, Sustainability and Ethnics Committee. Previously, she served on the Company’s Board between 1998 and 2002. Ms. Bakkerud is Member of the Executive Committee of the Industry Energy (IE) trade union and holds a number of offices. Previously, she has worked as a process technician at the petrochemical plant in Bamble and on the Gullfaks field in the North Sea. She is a full-time employee representative as leader of IE Statoil branch. Ms. Bakkerud has a craft certificate as a process/chemistry worker.

Ingrid di Valerio

Ms. Ingrid Elisabeth di Valerio has been Member of the Board of Directors, Employee Representative at Statoil ASA since 2013. She is also Board member of First Scandinavia, Montanus AS and member of Tekna’s central nomination committee. She is Member of the Company's Audit Committee Has been employed by Statoil since 2005. She worked within materials for Technology, Projects & Drilling before taking on the role of Tekna’s main representative in Statoil from 2008 to 2013. She also sat on Tekna’s central committee from 2005 to 2013. She is chartered engineer (mathematics and physics) who studied at the Norwegian University of Science and Technology in Trondheim (Norges Teknisk Naturvitenskapelige Universitet - NTNU).

Stig Laegreid

Mr. Stig Laegreid has been Member of the Board of Directors, Employee Representative at Statoil ASA since 2013. He is Member of the Company's Safety, Sustainability and Ethics Committee. He is Member of executive committee of The Norwegian society for Engineers and Teknologists (NITO) and NITO’s negotiation committee for private sector Employed in ASV and Norsk Hydro since 1985. He was mainly occupied as project engineer and constructor for production of primary metals until 2005 and from 2005 as weight estimator for platform design. He is now a full-time employee representative as the leader of NITO, Statoil. He holds a Bachelor’s degree, mechanical construction from OIH.

James Mulva

Mr. James (Jim) J. Mulva has served as Member of the Board of Directors of Statoil ASA since June 1, 2013. He is Member of the Company’s Safety, Sustainability and Ethics Committee. He is a former President and Chief Executive Officer (CEO) of Houston-based ConocoPhillips from 2002 until retirement in 2012. From 2004 to 2012 he served as Chairman of the Board. Prior to this he was Chairman, President and CEO of Phillips Petroleum from 1999 to 2002. He started his career in Phillips Petroleum Company in 1973 and held positions within the finance area, being Chief Financial Officer (CFO) from 1990 to 1993, and Chief Operating Officer (COO) from 1994 to 1999. Mr. Mulva serves at the Board of Directors of General Motors and General Electric. He holds a Master of Business Administration degree from University of Texas.

Maria Oudeman

Ms. Maria Johanna (Marjan) Oudeman has served as Member of the Board of Directors of Statoil ASA since September 15, 2012. She is also Member of the Company’s Audit Committee. Apart from her duties at Statoil, she holds directorships at Nederlandske Spoorwegen, ABN Ambro Group and Het Concertgebouw. Ms. Oudeman serves as Member of the Executive Committee of Akzo Nobel, where she is responsible for Human Resources and Organisational Development. She also has experience as a line manager in the steel industry and an international business experience. She holds a Law degree from Rijksuniversiteit Groningen (Univeristy of Groningen) in the Netherlands and a Master of Business Administration degree from the University of Rochester, New York, the United States, and Erasmus University, Rotterdam, the Netherlands.

Bjorn Godal

Mr. Bjorn Tore Godal has served as Independent Member of the Board of Directors of Statoil ASA since September 1, 2010. He is also Member of the Company's Compensation and Executive Development Committee and Chair of the Safety, Sustainability and Ethics Committee. Apart from his duties at Statoil, Mr. Godal chairs the Council of the Norwegian Defense University College (NDCU). Formerly, he was Member of the Norwegian parliament for 15 years (1986-2001), and served as Minister for Trade and Shipping, Minister for Defense and Minister of Foreign Affairs for a total of eight years (1991-2001). Later in his career, he was Senior Advisor at the Institute of Political Science at the University of Oslo (2002-2003), Norway’s Ambassador to Germany (2003-2007), and most recently, Special Advisor for international energy and climate issues at the Ministry of Foreign Affairs (2007-2010). Mr. Godal holds a Bachelor of Arts degree in Political Science, History and Sociology from Universitetet i Oslo.

Catherine Hughes

Ms. Catherine J. Hughes has served as Independent Member of the Board of Directors of Statoil ASA since July 1, 2013. She is Member of the Company’s Audit Committee. She is a former Nexen’s executive, where she worked from 2009 to 2013, 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 Ms. Hughes spent 20 years with Schlumberger and held managerial positions in various countries including Nigeria, Italy, France, the United Kingdom, Canada and the United States. She holds a Bachelor of Science degree in Electrical Engineering from Institut National des Sciences Appliquees de Lyon.

Jakob Stausholm

Mr. Jakob Stausholm has served as Independent Member of the Board of Directors of Statoil ASA since July 2009. He also chairs the Company's Audit Committee. Mr. Stausholm is Chief Strategy, Finance and Transformation Officer of Maersk Line. Prior to this, he was Chief Financial Officer of ISS A/S (2008-2011). Earlier in his carrier, he spent 19 years with the Shell Group, serving as Vice President Finance at the group’s exploration and production in Asia and Pacific, Chief Internal Auditor and Chief Financial Officer of group subsidiaries. He holds a Master of Science degree in Economics from Koebenhavns Universitet.

Hilde Nafstad

Basic Compensation

Name Fiscal Year Total

Svein Rennemo

703,000

Helge Lund

13,841,000

Grace Reksten Skaugen

437,000

Torgrim Reitan

4,620,000

John Knight

12,275,000

Eldar Saetre

5,696,000

Lars Bacher

1,302,000

Timothy Dodson

5,696,000

William Maloney

9,415,000

Arne Nylund

--

Margareth Ovrum

6,030,000

Lill-Heidi Bakkerud

366,000

Ingrid di Valerio

--

Stig Laegreid

--

James Mulva

--

Maria Oudeman

100,000

Bjorn Godal

430,000

Catherine Hughes

--

Jakob Stausholm

519,000

Hilde Nafstad

--
As Of 30 Dec 2012
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