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Statoil: New investor relations senior vice president appointed

STAVANGER, Norway, Oct. 24, 2014 (GLOBE NEWSWIRE) -- We are pleased to announce that Peter Hutton has been appointed senior vice president CFO investor relations and will report to chief financial officer Torgrim Reitan.

Hutton is currently director of oil and gas research in RBC Capital Markets London, and has broad international experience from the oil and gas industry. He has spent 12 years in the oil and gas industry and 16 years within the financial industry.

Hutton holds a master of arts degree in modern history from the University of Oxford, UK and a diploma in international politics and the Middle East from Birkbeck College, UK. He will take on the role from 1 January 2015.

For more information:

Investor relations
Morten Sven Johannessen, investor relations
Tel: +47 90934148

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

HUG#1865619

Source:Statoil