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New organisation and management changes

February 19, 1999, 00:00 CET

A new organisational structure is being introduced by Statoil with effect from Monday 22 February. These changes include the creation of five business areas for the group's operations, each headed by a senior vice president. They are Exploration & Production Norway, International Exploration & Production, European Gas, Nordic Energy & Retail, and Industry & Trading.
A post of deputy chief executive, with the title of executive vice president, has also been created. Three senior vice presidents will fill new posts covering international relations and alliances, technology and the Norwegian state's direct financial interest (SDFI) in offshore operations respectively.

The purpose of these structural changes is to achieve more effective control of results.

After the restructuring, Statoil's corporate management team will have the following composition:

Harald Norvik, president and chief executive officer
Terje Vareberg, executive vice president and deputy chief executive

Erling Øverland, chief financial officer
Henrik Carlsen, senior vice president, Exploration & Production Norway
Rolf Magne Larsen, senior vice president, International Exploration & Production
Peter Mellbye, senior vice president, European Gas
Sten-Åke Forsberg, senior vice president, Nordic Energy & Retail
Leidulf Ramstad, senior vice president, Industry & Trading
Stig Bergseth, senior vice president, Technology
Elisabeth Berge, senior vice president, SDFI
Johan Nic Vold, senior vice president, international relations and alliances.

Mr Vareberg and the senior vice presidents report to the chief executive.
The new organisational model also includes a small and efficient Corporate Staff, which will work with group-level tasks. Service functions are being concentrated in a Shared Services unit to support commercial operations and the group.

Statoil's new management model is designed to ensure that the group:

  • has operational and strategic control of its integrated upstream operations, including exploration as well as development and operation of oil and gas fields off Norway and internationally
  • achieves a strategic development of its gas operations in Europe and lays the basis for a focused commitment to the Nordic energy market
  • strengthens its position as a global trader for oil and oil products, and develops its industrial operations through active ownership.
  • enhances value creation for the SDFI in a cost-effective manner.

Facts about Statoil's senior management
Chief executive Harald Norvik (52) is a graduate of the Norwegian School of Economics and Business administration. He has held his present post since 1988.

Executive vice president Terje Vareberg (50) is a graduate of the Norwegian School of Economics and Business Administration. He has held various executive positions in Statoil from 1978-83 and since 1989.

Chief financial officer Erling Øverland (46) is a graduate of the Norwegian School of Economics and Business Administration. He has held various positions in the group since 1976.

Senior vice president Stig Bergseth (49) has an engineering degree from the Norwegian University of Science and Technology (NTNU) in Trondheim. He has held a number of central positions in Statoil since 1975.

Senior vice president Henrik Carlsen (53) has an engineering degree from the Norwegian University of Science and Technology (NTNU) in Trondheim. Joining Statoil in 1974, he has held a number of management positions.

Senior vice president Rolf Magne Larsen (46) has an engineering degree from the Norwegian University of Science and Technology (NTNU) in Trondheim. He joined Statoil as a geologist in 1980 and has held a number of senior positions.

Senior vice president Peter Mellbye (49) is a political science graduate from the Universities of Oslo and Bergen. He has held a number of management posts in Statoil's gas business since 1982.

Senior vice president Sten-Åke Forsberg (52) has an economics degree from the University of Gothenburg in Sweden. He has held leading positions in Svenska Esso and Statoil since 1982.

Senior vice president Leidulf Ramstad (52) has an engineering degree from the Norwegian University of Science and Technology (NTNU) in Trondheim. He has held a number of key posts in Norsk Hydro, Rafinor and Statoil.

Senior vice president Elisabeth Berge (44) is a graduate of the Norwegian School of Economics and Business Administration. She joined Statoil in 1990 after nine years with the Ministry of Petroleum and Energy, and has held senior positions in the group's gas business.

Senior vice president Johan Nic Vold (51) is a graduate of the Norwegian School of Economics and Business Administration. He joined Statoil's top management in 1988 after a number of years with Shell.

See also:
NOK 7 billion in operating profit for 1998