Catherine Hughes has informed that she will resign from her position as member of the board of directors in Statoil ASA (OSE: STL, NYSE: STO) with immediate effect in order to avoid potential conflicts of interest following a recent change of circumstances.
The nomination committee in Statoil will commence its search for a new board member, and the corporate assembly will make a by-election when the nomination committee's recommendation is ready. Olaug Svarva is chair of the nomination committee in Statoil.
Contacts:
Investor relations
Peter Hutton, senior vice president, investor relations
Tel: +44 7881 918 792
Media
Jannik Lindbæk Jr, vice president, media relations
Tel: +47 977 55 622
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)