By Dominic Chopping
Norwegian oil and gas major Statoil ASA (STO) said Tuesday that
the nomination committee has recommended that the company's
corporate assembly elects Catherine Hughes and James J. Mulva as
new members of Statoil's board of directors.
MAIN FACTS:
-The nomination committee recommends re-election of Svein
Rennemo (chair), Grace Reksten Skaugen (deputy chair), Boerge
Brende, Bjoern Tore Godal, Maria Johanna Oudeman and Jakob
Stausholm as members of the board of directors.
-Board members Roy Franklin and Lady Barbara Judge have notified
the nomination committee that they do not wish to stand for
re-election to the board of directors.
-Catherine Hughes is a Canadian/French citizen and has worked
for Nexen, Husky Oil and Schlumberger in a variety of roles.
-James J. Mulva is a U.S. citizen and was president and CEO of
ConocoPhillips from 2002 until retirement in 2012.
-It is proposed that the election enters into effect from Jul.
01, 2013.
-At 1227 GMT shares traded 0.1% lower at NOK132.20.
-Write to Dominic Chopping at dominic.chopping@dowjones.com;
Twitter: @WSJNordics
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