Statoil has made a number of appointments to its board of directors after two of its board members chose not to stand for re-election.
Øystein Løseth has been elected as new chair and Roy Franklin as a new member and deputy chair.
It comes after the outgoing chair of the board Svein Rennemo and board member Jim Mulva informed the board in advance of their decision not to stand.
Bjørn Tore Godal, Jakob Stausholm and Marjan Oudeman were re-elected as members of the board of directors.
Board member Rebekka Glasser Herlofsen, who was elected to the board from 19 March 2015, has been elected until the ordinary election of shareholder-elected members to the board of directors in 2016.
New chair Øystein Løseth has been a member of Statoil ASA’s board of directors since 2014 and is a member of the board’s audit committee.
Løseth has significant top managerial experience in the energy sector, with particular expertise and experience from the European energy market.
He worked in Vattenfall AB from 2009 to 2014, first as an Executive Vice President and then as the company’s Chief Executive Officer from 2010.
In the period 2003 – 2009, Løseth worked for the Dutch energy company NUON, first as Division Managing Director, then as Managing Director and Chief Executive Officer.
In addition, he has extensive management experience from Statkraft and Statoil within strategy and business development.
Roy Franklin, new member and deputy chair of Statoil’s board of directors.
He was a member of the board of directors of StatoilHydro from October 2007, and Statoil’s board of directors from November 2009 until June 2013.
He has previously been the chair of both the board’s safety, sustainability and ethics committee and the board’s audit committee.
Franklin has broad leadership experience from the oil and gas industry, including from BP, Paladin Resources and Clyde Petroleum.
He has a bachelor of Science in Geology from the University of Southampton, UK. Franklin is a British citizen resident in the UK where he in 2004 was awarded an OBE (Order of the British Empire) for services to the UK oil and gas industry.
The employee-elected members to the board of directors enters into effect from July and the members have been elected for a period of two years.