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Statoil ASA: Catherine Hughes leaves the board of directors

STAVANGER, Norway, April 15, 2015 (GLOBE NEWSWIRE) -- Catherine Hughes has informed that she will resign from her position as member of the board of directors in Statoil ASA (OSE: STL, NYSE: STO) with immediate effect in order to avoid potential conflicts of interest following a recent change of circumstances.

The nomination committee in Statoil 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.

Contacts:

Investor relations
Peter Hutton, senior vice president, investor relations
Tel: +44 7881 918 792

Media
Jannik Lindbæk Jr, vice president, media relations
Tel: +47 977 55 622

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

HUG#1911261

Source:Statoil