Statoil ASA

Changes in Statoil's Corporate Executive Committee and corporate structure - Seite 3

Al Cook is a UK citizen, and comes from the position as SVP in Statoil's DPI business area overseeing operations in Angola, Argentina, Azerbaijan, Libya, Nigeria, Russia and Venezuela. Cook joined Statoil in 2016 from BP, where he was Chief of Staff to the CEO. Cook joined BP in 1996, taking on a series of project development and commercial roles in the North Sea and Gulf of Mexico. He then worked in field operations in the North Sea from 2002 to 2005, becoming Offshore Installation Manager. From 2005, he led the IGB2 Project in Vietnam and acted as President for BP Vietnam. Cook worked from 2009 to 2014 as BP's Vice President leading the development of the Shah Deniz field in Azerbaijan and construction of the Southern Gas Corridor. Cook holds an MA in Natural Sciences from St. John's College, Cambridge University and in 2005 completed the International Executive Programme at INSEAD.

The current organisational structure and CEC will remain in place until the planned implementation takes effect.

Al Cook will take over as EVP GSB 1 May.  The rest of the changes take effect during August, including the establishment of DPB, which will be headed up by Anders Opedal, reporting to the CEO, until Margareth Øvrum steps formally into the EVP DPB role 15 October.

Contacts:

Investor relations
Peter Hutton, Senior vice president, Investor Relations,
[phone] (mobile)

Helge Hove Haldorsen, Vice president Investor Relations North America,
[phone] (mobile)

Media
Bård Glad Pedersen, Vice president, Media Relations,
[phone] (mobile)

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Statoil via Globenewswire