Statoil ASA

Changes in Statoil's Corporate Executive Committee and corporate structure - Seite 2

Statoil's Corporate Executive Committee will be as follows:

• President and Chief Executive Officer (CEO) Eldar Sætre.
• Chief Financial Officer (CFO), EVP Lars Christian Bacher.
• Development & Production Norway (DPN), EVP Arne Sigve Nylund.
• Development & Production International (DPI), EVP Torgrim Reitan.
• Development & Production Brazil (DPB), EVP Margareth Øvrum.
• Marketing, Midstream & Processing (MMP), EVP Irene Rummelhoff.
• Exploration (EXP), EVP Tim Dodson.
• Technology, Projects and Drilling (TPD), EVP Anders Opedal.
• New Energy Solutions (NES), EVP Pål Eitrheim.
• Global Strategy and Business Development (GSB), EVP Al Cook.
• Chief Operating Officer (COO), EVP Jannicke Nilsson.

General Counsel Hans Henrik Klouman, SVP People & Leadership Magne Hovden and SVP Corporate Communication Reidar Gjærum continue in their roles and participate in the CEC's work and meetings.

Pål Eitrheim is a Norwegian citizen and joined Statoil in 1998. He comes from the position as Chief Procurement Officer in Statoil, which he has held since February 2017. Prior to this, Eitrheim was President of Statoil Brazil and SVP for Statoil South America since 2014, based in Rio de Janeiro. Between 2011 and 2014 Eitrheim was SVP for corporate strategy and analysis in Global Strategy and Business Development. In 2013, Eitrheim led the Secretariat for the investigation into the terrorist attack on the In Amenas gas processing facility in Algeria. He headed up Statoil's CEO office between 2005 and 2009, and established and led Statoil's office in Washington DC between 2009 and 2011. Between 2001 and 2004, Eitrheim held various managerial responsibilities in Azerbaijan, including government affairs and gas marketing. Eitrheim holds a degree in comparative politics from the University of Bergen, Norway, and University College Dublin, Ireland.

Anders Opedal is a Norwegian citizen, and joined Statoil in 1997. He comes from the position as SVP and President of Statoil Brazil, which he has held since January 2017. Opedal was EVP and the first Chief Operating Officer for Statoil from April 2015 to December 2016. Prior to this Opedal was SVP for Capital Projects after being SVP and Chief Procurement Officer from 2007. Before this Opedal was VP Procurement Drilling and Well. He began his career in the Norwegian oil and gas sector in 1992, working for both Schlumberger and Baker-Hughes as a logging engineer and petro-physicist. Opedal holds a degree in Electronic Engineering from NTNU in Trondheim. He also received an MBA with distinction from Herriot Watt University in Edinburgh.