Statoil AS is restructuring its corporate executive committee as part of a reorganization emphasizing Brazil and making US operations part of the company’s Development & Production International (DPI) unit.
Chief Executive Officer and Pres. Eldar Saetre said Statoil will isolate Brazil as a “new core area” entering “an important build-up phase.” He said Statoil’s US operations have matured.
“Statoil is pursuing unconventional onshore business opportunities globally and sees synergies in having US onshore operations organized within DPI to capitalize on valuable expertise and ensure learning across geographies.”
Lars Christian Bacher, now executive vice-president of DPI, will become chief financial officer.
In addition to Saetre and Bacher, members of the new corporate executive committee members, all executive vice-presidents, will be Arne Sigve Nylund, development and production Norway; Torgrim Reitan, DPI; Margareth Ovrum, development and production Brazil; Irene Rummelhoff, marketing, midstream and processing; Tim Dodson, exploration; Anders Opedal, technology, projects, and drilling; Pal Eitrheim, new energy solutions; Al Cook, global strategy and business development; and Jannicke Nilsson, chief operating officer.
The changes will occur during May-October.