People: Statoil ASA (STO)

Summary

Name	Age	Since	Current Position
Svein Rennemo	66	2008	Independent Chairman of the Board
Helge Lund	50	2004	President, Chief Executive Officer
Grace Reksten Skaugen	60	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
Oystein Michelsen	57	2008	Executive Vice President, Development & Production Norway
Margareth Ovrum	54	2004	Executive Vice President, Technology, Projects and Drilling
Lill-Heidi Bakkerud	50	2004	Director, Employee Representative
Borge Brende	48	2012	Director
Einar Iversen	51	2009	Director, Employee Representative
Maria Oudeman	54	2012	Director
Morten Svaan	57	2002	Director, Employee Representative
Roy Franklin	60	2007	Independent Director
Bjorn Godal	68	2010	Independent Director
Barbara Judge	67	2010	Independent Director
Jakob Stausholm	45	2009	Independent Director
Hilde Nafstad			Senior Vice President

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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 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 carrier, 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.
Oystein Michelsen	Mr. Oystein Michelsen has served as Executive Vice President for Development & Production Norway at Statoil ASA since November 10, 2008. He started his carrier at Hydro's research centre in Porsgrunn in 1981, and later on moved to Hydro Oil and Energy division in 1985. In 2004 he was appointed Head of the operations unit for Hydro's oil activities, and on October 1, 2007, he took up the role of Senior Vice President for StatoilHydro's Operations North cluster. Mr. Michelsen holds a Master’s degree in Applied Physics from Norwegian Institute of Technology, now part of Norges Teknisk-Naturvitenskapelige Universitet – NTNU.
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 HSE 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 the StatoilHydro branch of IE. Ms. Bakkerud has a craft certificate as a process/chemistry worker.
Borge Brende	Mr. Borge Brende has served as Member of the Board of Directors of Statoil ASA since September 15, 2012. He is also Member of the Company’s HSE and Ethics Committee. Apart from his duties at Statoil, he chairs the Board of Mesta, and holds a Vice-Chairman position at China Council, an advisory body for the Chinese government in environmental issues. Mr. Brende is Managing Director of World Economic Forum, and has been serving in this role since 2011. He has political and international experience as Minister of the Environment (2001 - 2004) and Minister of Trade and Industry (2004 - 2005). Formerly, he was member of the Norwegian Parliament for more than 10 years (1997-2009) and has been Secretary General of the Norwegian Red Cross and Head of the UN Commission on Sustainable Development. Mr. Brende studied at Norges Teknisk-Naturvitenskapelige Universitet – NTNU, and graduated with a Bachelor of Arts degree in 1997.
Einar Iversen	Mr. Einar Arne Iversen has served as Employee Representative on the Board of Directors of Statoil ASA since June 2009. Prior to this, he was Member of the corporate assembly of Statoil/StatoilHydro in the period 2000- 2009. He joined the Company in 1986. He worked with technical training in Bergen and was Training Manager for Tjeldbergodden. He has been Deputy Head/ Head of the Nito union since 1998. He qualified as an engineer at NKI Engineering School in 1982.
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.
Morten Svaan	Mr. Morten Svaan has served as Employee Representative on the Board of Directors of Statoil ASA since 2002. He is also Member of the Company's Audit Committee. He has worked at Statoil since 1985, most revently serving within health, safety and the environment (HSE) for the Technology, Projects & Drilling business area and focusing on security and emergency response. Formerly, Mr. Svaan was Chief Employee Representative for the Statoil branch of the NIF/Tekna trade union from 2000 until 2004. He holds a Doctorate of Philosophy degree in Chemistry from Norges Teknisk-Naturvitenskapelige Universitet and a degree in Business Economics from Handelshoyskolen BI.
Roy Franklin	Mr. Roy Franklin has been Independent Member of the Board of Directors of Statoil ASA since October 1, 2007. He also serves as Member of the Company's Audit Committee and Chairman of the HSE and Ethics Committee. Mr. Franklin chairs the Board of Directors of Keller Group plc, a London-based international engineering company, and serves as Member of Santos Ltd, Boart Longyear Limited and Cuadrilla Resources Holdings Limited. During the course of his carrier, he has held various managerial positions at BP, Paladin Resources plc and Clyde Petroleum plc. He holds a Bachelor of Science degree in Geology from Southampton University, United Kingdom.
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 Leadership Development Committees. 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 carrier, 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.
Barbara Judge	Lady Barbara Judge has served as Independent Member of the Board of Directors of Statoil ASA since September 1, 2010. She is also Member of the Company's Audit Committee. During the course of her carrier, she has served as a commercial lawyer focusing on securities and corporate finance for 10 years. In 1980, she was appointed commissioner to the United States Securities and Exchange Commission. Later on, she held a number of senior executive positions within the finance industry and has built and developed a broad portfolio of public and private non-executive and advisory roles focused on energy and regulatory frameworks. Among other things, she chaired the United Kingdom (UK) Atomic Energy Authority (2004-2010) and was Deputy Chairman of the Financial Reporting Council, the UK regulatory authority for accounting and corporate governance and Board Member of the Energy Group of the UK Department of Trade and Industry. She also founded and served as Executive Chairman of Private Equity Investor PLC in London (2000-2005). Lady Judge chairs the Boards of the UK Pension Protection Fund and the Energy Institute of University College London. In addition, she serves as Member on the Boards of NV Bekaert SA and Magna International Inc. Lady Judge holds a jurist doctor degree from New York University Law School and a Bachelor of Arts degree in History from the University of Pennsylvania.
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
Oystein Michelsen	5,914,000
Margareth Ovrum	6,030,000
Lill-Heidi Bakkerud	366,000
Borge Brende	100,000
Einar Iversen	334,000
Maria Oudeman	100,000
Morten Svaan	454,000
Roy Franklin	647,000
Bjorn Godal	430,000
Barbara Judge	552,000
Jakob Stausholm	519,000
Hilde Nafstad	--

As Of 30 Dec 2012

Options Compensation

Name	Options	Value
Svein Rennemo	0	0
Helge Lund	0	0
Grace Reksten Skaugen	0	0
Torgrim Reitan	0	0
John Knight	0	0
Eldar Saetre	0	0
Lars Bacher	0	0
Timothy Dodson	0	0
William Maloney	0	0
Oystein Michelsen	0	0
Margareth Ovrum	0	0
Lill-Heidi Bakkerud	0	0
Borge Brende	0	0
Einar Iversen	0	0
Maria Oudeman	0	0
Morten Svaan	0	0
Roy Franklin	0	0
Bjorn Godal	0	0
Barbara Judge	0	0
Jakob Stausholm	0	0
Hilde Nafstad	0	0

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People: Statoil ASA (STO)

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Summary

Biographies

Basic Compensation

Options Compensation

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