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Eivind Reiten steps down as chair of StatoilHydro ASA 

October 4, 2007, 20:23 CEST

Ms Arnstad will remain acting chair until the corporate assembly can elect a new board director and a new chair.

In a stock market announcement from Norsk Hydro ASA,  it is stated that ,”The investigations so far indicate that Hydro may have had more extensive contact, and made more active use of the consultancy firm in question, than has previously emerged. “

Out of consideration for StatoilHydro ASA, Mr Reiten has decided to step down as chair of the board,  after thorough assessment.

The review of matters relating to Hydro´s oil and energy activities  in Libya initiated by StatoilHydro´s chief executive officer Helge Lund, will be implemented as planned.

Contact persons:

Media: Ola Morten Aanestad, vice president for media relations
+ 47 48 08 02 12 (cell), +47 51 99 13 77 (office)

Investor Relations:

Lars Troen Sørensen, senior vice president for investor relations
+ 47 90 64 91 44 (cell), +47 51 99 77 90 (office)

 

Geir Bjørnstad, vice president for investor relations in USA:
+1 (203) 978 69 50 (cell)