Statoil ASA: Jakob Stausholm leaves the board of directors of Statoil

STAVANGER, Norway, Oct. 3, 2016 (GLOBE NEWSWIRE) — Jakob Stausholm has informed that he will resign from his 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 interests following his new appointment as CFO of the Maersk group. Stausholm takes up his new position as from 1 December 2016.

The nomination committee in Statoil will commence its search for a new board member, to allow for the corporate assembly to conduct a by-election when the nomination committee’s recommendation is ready. Tone Lunde Bakker is chair of the nomination committee in Statoil.

Contacts:

Tone Lunde Bakker, chair of the nomination committee

All enquiries to be directed through Statoil Corporate Press Office, Bård Glad Pedersen, +47 918 01 791.

This information is subject of the disclosure requirements acc. to § 5-12 vphl (Norwegian Securities Trading Act)

Peter Hutton, SVP Investor Relations, mbl: +44 7881 918 792  Morten Sven Johannessen, VP Investor Relations USA, mbl +1 203 570 2524