Herlofsen recommended to Statoil board of directors

Statoil’s nomination committee has recommended Rebekka Glasser Herlofsen for election as a new member of the board.

Grace Reksten Skaugen has informed the nomination committee that she does not wish to stand for re-election in 2015. Reksten Skaugen has been a board member in Statoil since 2002, and has, in recent years, been deputy chair of the board and chair of the board’s compensation and executive development committee.

Since 2012, Herlofsen has been the CFO in the Norwegian shipping company Torvald Klaveness. She has broad financial and strategic experience from several corporations and board directorships. Herlofsen’s professional career began with Enskilda Securities, where she worked with corporate finance and equity analysis from 1995 to 1999. During the next 10 years Herlofsen worked in the Norwegian shipping company Bergesen d.y. ASA (later BW Group). During her period with Bergesen d.y. ASA/BW Group, she held positions within M&A, strategy, and corporate planning.

Having been a previous board member in Noreco, she was appointed as the company’s CFO in 2011, before beginning her current role as CFO in Torvald Klaveness in 2012. Herlofsen is currently a member of the board of DNV GL and, until recently, the chairman of the board of Cermaq.

The election to Statoil's board of directors takes place in the company's corporate assembly meeting, which will be held March 18. It is proposed that the election enters into effect from March 19 until the ordinary election of shareholder-representatives to the board of directors in 2016.

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