PERSONNEL MOVES - Statoil names chair, deputy chair

11/24/2003
Norway's Statoil ASA said the corporate assembly unanimously elected Jannik Lindbaek its chair and elected Kaci Kullmann Five as deputy chair. Kullmann Five served as acting chair for several weeks.Statoil Pres. and CEO Olav Fjell resigned in the wake of the corruption allegations involving Statoil's dealings with Horton Investment, an Iranian firm. Chairman Leif Terje Løddesøl also resigned during that controversy (OGJ, Sept. 29, 2003, p. 42). Lindbaek (Photo courtesy Harald Petterson, Statoil.)Click here to enlarge imageLindbaek formerly was CEO of Storebrand Group, managing director of Nordic Investment Bank, and vice-president of World Bank Group. Upstream movesBG G...
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