Norwegian oil company Statoil will perform managerial changes on the executive level and will thus get a new CFO. The company also establishes a new business area for New Energy Solutions (NES).

In relation to a large-scale reshuffle, current CFO Torgrim Reitan has been appointed new Executive Vice President (EVP) for Development & Production USA, as the current EVP of that business area, Bill Maloney, has opted to resign. New Statoil CFO will be Hans Jacob Hegge, says the company in a statement.