STAVANGER, Norway — Statoil’s board of directors has appointed Eldar Saetre as the company’s new president and CEO. Saetre has been acting as president and CEO since October, and assumes the role with immediate effect. He has 35 years of experience from Statoil and the oil and gas industry. In his position, Saetre will be tasked with improving Statoil’s competitiveness through a strengthened efficiency and improvement agenda; navigating a macroeconomic situation with larger uncertainty and stronger pressure on industry margins; and increasing the speed of the company’s transition toward a low-carbon society. For more information, visit www.statoil.com or call +47 51 99 00 00.
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