People: Statoil ASA (STO.N)

STO.N on New York Stock Exchange

16.47USD
4 Aug 2015
Change (% chg)

$0.10 (+0.61%)
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Summary

Name Age Since Current Position

Oystein Loseth

57 2015 Chairman of the Board

Eldar Saetre

59 2015 President, Chief Executive Officer

Roy Franklin

62 2015 Deputy Chairman of the Board

Torgrim Reitan

46 2015 Executive Vice President, for Development & Production USA

Anders Opedal

2015 Chief Operating Officer, Executive Vice President

Margareth Ovrum

56 2004 Executive Vice President, Technology, Projects and Drilling

Jens Okland

2015 Executive Vice President of Marketing, Midstream & Processing (MMP)

Lars Bacher

51 2012 Executive Vice President, Development and Production International (DPI)

Timothy Dodson

56 2011 Executive Vice President, Exploration

John Knight

57 2011 Executive Vice President, Global Strategy and Business Development

William Maloney

60

Arne Nylund

55 2014 Executive Vice President, Development and Production Norway

Irene Rummelhoff

2015 Executive Vice President of New Energy Solutions (NES)

Lill-Heidi Bakkerud

52 2004 Director, Employee Representative

Ingrid di Valerio

51 2013 Director, Employee Representative

Rebekka Herlofsen

45 2015 Director

Stig Laegreid

52 2013 Director, Employee Representative

Bjorn Godal

70 2010 Independent Director

Maria Oudeman

56 2012 Independent Director

Jakob Stausholm

47 2009 Independent Director

Peter Hutton

2014 Senior Vice President

Biographies

Name Description

Oystein Loseth

Mr. Oystein Loseth has been appointed Chairman of the Board of Directors of Statoil ASA, effective as of July 1, 2015. He has been Independent Member of the Board of the Company since October 1, 2014. He is Member of the Audit Committee. He has managerial experience in the energy sector, with particular expertise and experience from the European energy market. Since April 1, 2015 he has been Chair of the Board of Eidsiva Energi. Since 2010, Loseth has been appointed as the CEO, and before that as a First Senior Executive Vice President since 2009, of Vattenfall AB. In the period 2003 - 2009, Loseth worked for NUON, the Dutch energy company, first as Division Managing Director, then as a Managing Director and the CEO, from 2005 and 2008 respectively. Prior to this, Loseth was the Head of Production, Business Development and R&D of Statkraft from 2002 to 2003. In addition, he has other management experience from Statkraft and Statoil, within strategy and business development among others. He graduated as M.Sc. from the Norwegian University of Science and Technology and as B.Sc. in Business Management from BI Norwegian School of Management in Bergen.

Eldar Saetre

Mr. Eldar Saetre has been President and Chief Executive Officer at Statoil ASA since February 4, 2015. He was Acting President and Chief Executive Officer of the Company from October 15, 2014 until February 4, 2015. Mr. Saetre served as Executive Vice President for Marketing, Processing and Renewables from January 2011 until October 15, 2014. 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.

Roy Franklin

Mr. Roy Alexander Franklin, OBE has been appointed Deputy Chairman of the Board of Directors of Statoil ASA, effective as of July 1, 2015. He served as Independent Member of the Board of Directors of Statoil ASA between October 1, 2007 and June 1, 2013. He has experience as Chairman of the Board of Directors of Keller Group plc, a London-based international engineering company, and 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.

Torgrim Reitan

Mr. Torgrim Reitan has been appointed Executive Vice President, for Development & Production USA of Statoil ASA, effective as of August 1, 2015. he no longer serves as Chief Financial Officer and Executive Vice President at the Company, effective as of August 1, 2015. He has held this position 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. From 1995 until 2004, he held various positions in the Natural Gas business area and corporate functions in Statoil. Mr. Reitan holds a Master of Science degree from Norges Handelshoyskole, Bergen - NHH.

Anders Opedal

Mr. Anders Opedal has been appointed Chief Operating Officer and Executive Vice President at STATOIL ASA effective as of April 1, 2015. Anders Opedal came from the position as senior vice president of projects in Statoil’s Technology, Projects and Drilling business area, where since 2010 he has been responsible for Statoil’s approximately NOK 300 billion project portfolio. Previously he has held a range of positions in drilling and well, procurement and projects. Anders Opedal joined Statoil in 1997 as a petroleum engineer in the Statfjord operations.

Margareth Ovrum

Ms. Margareth Ovrum has served as Executive Vice President, 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 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.

Jens Okland

Mr. Jens Okland has been appointed Executive Vice President of Marketing, Midstream & Processing (MMP) at Statoil ASA, effective as of June 1, 2015. He brings 21 years of experience from Statoil, mainly in the downstream sector. He was previously senior vice president in MPR where he was responsible for Portfolio and Supply and US Gas in MPR Natural Gas. In 2013 he moved to DPN to the position as VP of Operations for the Asgard area. His extensive experience in the downstream sector and varied exposure to both international and operational areas of the business gives him a strong background to lead the new MP organisation and as a member of the CEC. Okland holds a MSc. degree in Business from Handelshoyskolen BI, 1994.

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 (DPNA). 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, 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.

John Knight

Mr. John Knight has served as Executive Vice President, 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 career 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. He is Member of the Advisory Board of the Columbia University Center on Global Energy Policy in New York. 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).

William Maloney

Mr. William (Bill) Maloney no longer serves as Executive Vice President of Development and Production North America at Statoil ASA, effective as of August 1, 2015. He has held this position since January 1, 2011. Prior to this, he held the position of Senior Vice President in charge of global exploration within Statoil's International Operations division (2002-2008). He has a sabbatical period from Statoil from January 2009 until September 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 is also Member of the National Petroleum Council (NPC) in the United States. He holds Master of Science degree in Geology from Syracuse University.

Arne Nylund

Mr. Arne Sigve Nylund has been appointed Executive Vice President, 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 was employed by Mobil Exploration Inc. from 1983 until 1987. He has been Platform Manager at Gullfaks, Operations Manager at Statfjord and Senior Vice President for Statfjord operations and Operations West in DPN. He is Member of the Board of Directors of The Norwegian Oil & Gas Association (Norsk Olje & Gass). 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.

Irene Rummelhoff

Ms. Irene Rummelhoff has been appointed Executive Vice President of New Energy Solutions (NES) at Statoil ASA, effective as of June 1, 2015. Since January 2014 she has been SVP for Exploration Norway. Rummelhoff has extensive commercial experience and broad value chain knowledge from her career in Statoil since 1991, particularly in the area of business development and Natural Gas. Rummelhof has seven years of international experience, heading up the strengthening of our asset base in North America, including the acquisition of Brigham Exploration Company in 2011. Rummelhoff holds a MSc. degree in Geology/Geophysics, Norwegian University of Science and Technology, 1990.

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 Ethics 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 July 1, 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 She has been employed by Statoil since 2005. She works within materials discipline for Technology, Projects & Drilling. She was 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).

Rebekka Herlofsen

Ms. Rebekka Glasser Herlofsen has been Director of Statoil ASA since March 19, 2015. She is also Member of the board of directors of DNV GL and member of the committee for tax and capital in Norwegian Shipowners’ Association. Since 2012, Rebekka Herlofsen has been the Chief Financial Officer in the Norwegian shipping company Torvald Klaveness. She has broad financial and strategic experience from several corporations and board directorships. Herlofsen’s professional career began in the leading Nordic Investment Bank, Enskilda Securities, where she worked with corporate finance and equity analysis from 1995 to 1999. During the next ten years Herlofsen worked in the Norwegian shipping company Bergesen d.y. ASA (later BW Group). During her period with Bergesen d.y. ASA/BW Group she held leading positions within M&A, strategy and corporate planning. She holds Master of Science in Economics and Business Administration and Finance and Strategy and Certified Financial Analyst Program, the Norwegian School of Economics (NHH). She also completed Breakthrough Program for Top Executives at IMD business school, Switzerland.

Stig Laegreid

Mr. Stig Laegreid has been Member of the Board of Directors, Employee Representative at Statoil ASA since July 1, 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. He has been 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.

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). He is also Member of the Board of Fridtjof Nansen Institute (FNI). 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.

Maria Oudeman

Ms. Maria (Marjan) Johanna Oudeman has served as Independent Member of the Board of Directors of Statoil ASA since September 15, 2012. She is also Member of the Company’s Compensation and Executive Development Committee. Apart from her duties at Statoil, she holds directorships at ABN Ambro Group, Rijksmuseum, SHV Holdings, Royal TenCate and Het Concertgebouw. She is the President of Utrecht University in the Netherlands. From 2010 to 2013, Ms. Oudeman served as Member of the Executive Committee of Akzo Nobel, where she was responsible for Human Resources and Organizational 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.

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 carrer, 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.

Peter Hutton

Basic Compensation

Name Fiscal Year Total

Oystein Loseth

126,000

Eldar Saetre

7,670,000

Roy Franklin

377,000

Torgrim Reitan

6,115,000

Anders Opedal

--

Margareth Ovrum

7,800,000

Jens Okland

--

Lars Bacher

6,505,000

Timothy Dodson

7,254,000

John Knight

13,955,000

William Maloney

10,506,000

Arne Nylund

6,011,000

Irene Rummelhoff

--

Lill-Heidi Bakkerud

443,000

Ingrid di Valerio

491,000

Rebekka Herlofsen

--

Stig Laegreid

443,000

Bjorn Godal

566,000

Maria Oudeman

608,000

Jakob Stausholm

561,000

Peter Hutton

--
As Of  30 Dec 2014
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