Statoil points to new chairman

Norwegian Statoil is in need of a new chairman. Former CEO of Vattenfall is under consideration.

It will most likley be a Norwegian citizen with great leadership experience from Sweden who will become the new chairman of Statoil. In any case, Øystein Løseth, former CEO of Vattenfall, has been recommended by the board of the company as new chairman. Although before Øystein Løseth can be elected, this needs to pass a vote at Statoil's general assembly on June 9th.

Øystein Løseth has been a member of the board at Statoil since October 1st 2014 and is currently a member of the company's accounting committee. He served as CEO of Vattenfall from 2010 to 2014, and before this he worked as Managing Director at Dutch energy company Nuon. Øystein Løseth holds an MSc in Engineering.

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