Statoil elects former Shell CEO as new board member

Norwegian oil and gas company Statoil has elected a former Royal Dutch Shell chief executive officer as a new member of its board of directors.

Jeroen van der Ver was elected in accordance with the proposal from the nomination committee suggested on March 15, 2016.

Van der Veer was the chief executive officer in the international oil and gas company Royal Dutch Shell in the period from 2004 to 2009, when he retired. Van der Veer thereafter continued as a non-executive director on the board of Shell until 2013.

According to Statoil, Van der Veer started to work for Shell in 1971 and has experience within all sectors of the business. Van der Veer is inter alia the chair of the supervisory boards of ING Bank NV and Royal Philips Electronics and member of the supervisory board of Boskalis Westminster Groep NV.

Statoil said the election enters into effect from March 18, 2016 and until the ordinary election of shareholder-elected members to the board of directors in 2017.

The board of directors in Statoil currently consists of 10 board members, whereof seven members are shareholder-elected and three members are employee-elected.

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Posted on March 17, 2016 with tags .

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