STAVANGER (dpa-AFX) - Norwegian energy firm Statoil ASA (STO) said Catherine Hughes has informed the company that she will resign from her position as member of the board of directors in the company with immediate effect in order to avoid potential conflicts of interest following a recent change of circumstances.
Statoil noted that its nomination committee will commence its search for a new board member, and the corporate assembly will make a by-election when the nomination committee's recommendation is ready. Olaug Svarva is chair of the nomination committee in Statoil.
Copyright RTT News/dpa-AFX