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StatoilHydro: StatoilHydro: Change in Board of Directors


Published on 2009-03-25 05:08:20, Last Modified on 2009-03-25 05:08:41 - Market Wire
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STAVANGER, NORWAY--(Marketwire - March 25, 2009) -


StatoilHydro (OSE: STL, NYSE: STO) informs that Kurt Anker Nielsen as of Wednesday 25 March has resigned from his position as member of the board of directors.

Kurt Anker Nielsen has informed the company's nomination committee that he resigns from his position as board member with immediate effect as a result of the way the Ministry of Petroleum and Energy has handled the issue relating to the company name. Kurt Anker Nielsen was a board member of Norsk Hydro from 2004 to 2007. He has been a member of the board, and chair of the board's audit committee, of StatoilHydro since 1 October 2007.

StatoilHydro's nomination committee will immediately start its search for a new member of the board. The board of directors in StatoilHydro is elected by the company's corporate assembly.

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