Statoil board member resigns to take Maersk CFO role

Jakob Stausholm has informed Statoil that he would resign from his position as a member of the board of directors with immediate effect.

Stausholm will take up a new position as of December 1 as the new chief financial officer (CFO) of Maersk Group.

His appointment in Maersk comes after the group recently split the company into two separate entities: one focused on shipping and logistics, the other on oil and gas sector.

Transport & Logistics will consist of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry based on a one company structure with multiple brands.

As for the Energy Division, it will consist of Maersk Oil, Maersk Drilling, Maersk Supply Service and Maersk Tankers.

As far as Stausholm’s departure goes, Statoil said on Monday that he resigned to avoid potential conflicts of interests following his new appointment as CFO of Maersk Group.

Stausholm currently serves as the Chief Strategy and Transformation Officer at Maersk Line. He has held the position since February 2012.

Before that, he worked for 19 years for Shell in numerous senior finance positions including four CFO assignments in Europe, Latin America, and Asia and as the Chief Internal Auditor for the group.

Stausholm has served as a non-executive member of the board at Statoil since 2009.

The nomination committee in Statoil, chaired by Tone Lunde Bakker, will soon begin its search for a new board member, to allow for the corporate assembly to conduct a by-election when the nomination committee’s recommendation is ready.

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