StatoilHydro nominates new chair of the board

StatoilHydro has nominated Svein Rennemo as the new chair of the board of directors. Marit Arnstad will remain deputy chair.

Offshore staff

STAVANGER, Norway -- StatoilHydro has nominated Svein Rennemo as the new chair of the board of directors. Marit Arnstad will remain deputy chair.

"Svein Rennemo has long and broad experience as an international industry leader and enjoys great respect," says Olaug Svarva, chair of the nomination committee. "His background from leading positions and directorships in several companies in and outside Norway has given Rennemo deep insight into the energy markets, the global oil and gas business and international financial and business life."

After the election, the board of StatoilHydro will comprise of Svein Rennemo (chair), Marit Arnstad (deputy chair); Elisabeth Grieg, Grace Reksten Skaugen, Kjell Bjørndalen, Roy Franklin, and Kurt Anker Nielsen as shareholder-elected directors; and Lill-Heidi Bakkerud, Claus Clausen, and Morten Svaan as employee-elected directors. Ragnar Fritsvold and Geir Nilsen will attend board meetings as representatives of the employees.

01/16/2008

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