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Statoil ASA (STO.N)

STO.N on New York Stock Exchange

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18 Aug 2017
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Summary

Name Age Since Current Position

Roy Franklin

64 2017 Acting Chairman of the Board

Eldar Saetre

61 2015 President, Chief Executive Officer

Hans Hegge

48 2015 Chief Financial Officer, Executive Vice President

Jannicke Nilsson

52 2016 Chief Operating Officer, Executive Vice President

Margareth Ovrum

58 2004 Executive Vice President, Technology, Projects and Drilling (TPD)

Jens Okland

48 2015 Executive Vice President, Marketing, Midstream & Processing (MMP)

Lars Bacher

53 2012 Executive Vice President, Development and Production International (DPI)

Timothy Dodson

58 2011 Executive Vice President, Exploration (EXP)

John Knight

59 2011 Executive Vice President, Global Strategy and Business Development (GSB)

Arne Nylund

57 2014 Executive Vice President, Development and Production Norway (DPN)

Torgrim Reitan

48 2015 Executive Vice President, Development and Production USA (DPUSA)

Irene Rummelhoff

50 2015 Executive Vice President, New Energy Solutions (NES)

Wenche Agerup

53 2015 Director

Ingrid di Valerio

53 2013 Director, Employee Representative

Per Labrathen

2017 Director, Employee Representative

Stig Laegreid

54 2013 Director, Employee Representative

Bjorn Godal

72 2010 Independent Director

Rebekka Herlofsen

47 2015 Independent Director

Maria Oudeman

58 2012 Independent Director

Jeroen van der Veer

69 2016 Independent Director

Peter Hutton

2014 Senior Vice President

Biographies

Name Description

Roy Franklin

Mr. Roy Alexander Franklin has been appointed Independent Deputy Chairman of the Board of Statoil ASA effective as of September 1, 2017. He has also been appointed Acting Chairman of the Board of Directors of the Company for a period from July 1, 2017 till August 31, 2017. Before that, he has been Independent Deputy Chairman of the Board of Directors of Statoil ASA since July 1, 2015. He is also Chairman of the board’s Safety, sustainability and ethics committee and Member of Audit Committee at the Company. He served as Independent Member of the Board of Directors of Statoil ASA between October 1, 2007 and June 1, 2013. He is Non-executive Chairman of the board of Cuadrilla Resources Holdings Limited, a privately held UK company focusing on unconventional energy sources and Board member of the Australian oil and gas company Santos Ltd, the private equity firm Kerogen Capital Ltd and the London-based international engineering company Amec Foster Wheeler. During the course of his career, 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.

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. He served as Executive Vice President for Marketing, Midstream and Processing 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.

Hans Hegge

Mr. Hans Jakob Hegge has been appointed Chief Financial Officer and Executive Vice President of Statoil ASA, effective as of August 1, 2015. Hegge has held several managerial positions in Statoil, including Senior Vice President (SVP) for Operations North in Development and Production Norway (DPN) (2013-2015), SVP for Operations East (2011-2013) in DPN, SVP for Operational Development in DPN (2009-2011) and SVP for Global Business Services in Chief Financial Officer area (CFO) (2005-2009). From 1995 to 2004 he held various positions in DPN, Natural Gas business area and corporate functions in Statoil. Hegge holds a Master of Science degree in Business from Norges Handelshoyskole, 1994.

Jannicke Nilsson

Ms. Jannicke Nilsson has been appointed Chief Operating Officer and Executive Vice President at Statoil ASA effective as of December 1, 2016. She has previously been senior vice president for COO operational performance projects at the Company since August 1, 2015. Jannicke joined the company in 1999 and has held a range of engineering, research, operational and leadership roles. Jannicke Nilsson started initially as a project engineer, then project leader, production engineer, production supervisor and platform manager at Oseberg South. She has been manager of Oseberg C and vice president for modification and project portfolio Bergen in DPN, as well as senior vice president for operations North Sea and for operations North Sea west in DPN. She came from the position as senior vice president for TPD TEX (technical excellence) when she in august 2013 was appointed program leader for STEP (Statoil technical efficiency program). She is Member of the Board of Odfjell SE. Jannicke holds a bachelor of science in automation and a master of science in cybernetics/process automation from the University of Stavanger.

Margareth Ovrum

Ms. Margareth Ovrum has served as Executive Vice President, Technology, Projects and Drilling (TPD) 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 (until April 26, 2017), FMC Corporation and Alfa Laval. 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, Marketing, Midstream & Processing (MMP) at Statoil ASA, effective as of June 1, 2015. He joined Statoil in 1994 and has mainly worked in the midstream and downstream sectors. 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 organization and as a member of the CEC. Okland holds a Master of Science degree in Business from Handelshoyskolen BI, 1994.

Lars Bacher

Mr. Lars Christian Bacher has served as Executive Vice President, Development and Production International (DPI) at Statoil ASA since September 1, 2012. He joined the Company in 1991, and has 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 International (DPI). Mr. Bacher holds Master of Science 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 (EXP) 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 Bachelor’s 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 (GSB) 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, Chairman of ONS18 Conference Committee in Stavanger, Norway and Member of the advisory board of Lloyd’s Register. 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).

Arne Nylund

Mr. Arne Sigve Nylund has been appointed Executive Vice President, Development and Production Norway (DPN) at Statoil ASA, effective as of January 1, 2014. He was employed by Mobil Exploration Inc. from 1983-1987. Since 1987, Nylund has held several central management positions at the Company. He is Member of the Board of Directors of The Norwegian Oil & Gas Association (Norsk Olje & Gass). He holds Mechanical engineer degree from Stavanger College of Engineering with further qualifications in operational technology from Rogaland Regional College/University of Stavanger (UiS) and is Business graduate of the Norwegian School of Business and Management (NHH).

Torgrim Reitan

Mr. Torgrim Reitan has been appointed Executive Vice President, Development and Production USA (DPUSA) at 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.

Irene Rummelhoff

Ms. Irene Rummelhoff has been appointed Executive Vice President, New Energy Solutions (NES) at Statoil ASA, effective as of June 1, 2015. She joined Statoil in 1991. She has held a number of management positions within international business development, exploration, and the downstream business in Statoil. She is also Deputy Chair of the board of directors of Norsk Hydro ASA. She holds Master’s degree in petroleum geosciences from the Norwegian Institute of Technology (NTH).

Wenche Agerup

Ms. Wenche Marie Agerup has been Member of the Board of Directors of Statoil ASA since August 21, 2015. She is also Member at the Company Compensation and executive development committee and the board's Safety, sustainability and ethics committee. Agerup is an Executive Vice President and the Chief Corporate Affairs Officer, General Counsel in Telenor ASA. She was the Executive Vice President for Corporate Staffs and the General Counsel of Norsk Hydro ASA from 2010 to December 31, 2014. She has held various executive roles in Hydro since 1997, including within the company's M&A- activities, the business area Alumina, Bauxite and Energy, as a plant manager at Hydro's metal plant in Ardal and as a project director for a Joint Venture in Australia where Hydro cooperated with the Australian listed company UMC. Through her work in Hydro, Agerup has developed a significant business and strategic competence. Agerup is currently a board member of the seismic company TGS ASA and Member of Det Norske Veritas Council. She holds Master of Arts in Law from the University of Oslo, Norway (1989) and a Master of Business Administration from Babson College, USA (1991).

Ingrid di Valerio

Ms. Ingrid Elisabeth di Valerio has been Director, 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).

Per Labrathen

Stig Laegreid

Mr. Stig Laegreid has been Director, 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 The Norwegian society for Engineers and Technologists’ (NITO) 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 the Safety, Sustainability and Ethics Committee. He is also Vice Chairman 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). From 2014-2016, Godal lead a government-appointed committee responsible for the evaluation of the civil and military contribution from Norway in Afghanistan in the period 2001 - 2014. Mr. Godal holds a Bachelor of Arts degree in Political Science, History and Sociology from Universitetet i Oslo.

Rebekka Herlofsen

Ms. Rebekka Glasser Herlofsen has been Independent Member of the Board of Directors of Statoil ASA since March 19, 2015. She is also Member of the Audit Committee at the Company. She is also Member of the board of directors of DNV Holding, DNV Foundation, DNV GL and member of the committee for tax and capital in the Norwegian Shipowners’ Association. Since 2012, Rebekka Herlofsen has been the Chief Financial Officer in the Norwegian shipping company Torvald Klaveness. She has been appointed CFO of WWL ASA effective as of during the first half of 2017. 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.

Maria Oudeman

Ms. Maria Johanna (Marjan) 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 Solvay SA, Het Concertgebouw, Rijksmuseum and SHV Holdings. 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. Before joining Akzo Nobel, she was Executive Director Strip Products Division at Corus Group, now Tata Steel Europe. Oudeman has extensive experience as a line manager in the steel industry and considerable 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.

Jeroen van der Veer

Mr. Jeroen van der Veer has been Independent Member of the Board of Directors at Statoil ASA since March 18, 2016. He is Chair of the Audit Committee. Van der Veer was the Chief Executive Officer in the international oil and gas company Royal Dutch Shell Plc (Shell) in the period 2004 to 2009, when he retired. Van der Veer thereafter continued as a non-executive director on the board of Shell until 2013. He started to work for Shell in 1971 and has experience within all sectors of the business. Van der Veer is inter alia the chair of the supervisory boards of ING Bank NV and Royal Philips Electronics, chair of the supervisory council of Technical University of Delft and Platform Betatechniek, chair of the advisory board of the Rotterdam Climate Initiative as well as member of the supervisory board of Boskalis Westminster Groep NV and HET Concertbebouw. He has a degree in Mechanical Engineering (MSc) from Delft University of Technology, Netherlands and a degree in Economics (MSc) from Erasmus University, Rotterdam, Netherlands. Since 2005 he holds an honorary doctorate from the University of Port Harcourt, Nigeria.

Peter Hutton

Basic Compensation