Name change for StatoilHydro in 2009

December 20, 2007, 09:39 CET

StatoilHydro was established on 1 October as a result of a merger between Statoil and Hydro’s oil and gas activities. The name StatoilHydro was agreed following a joint process involving the boards of both companies. At the same time it was agreed to develop a new name and a new logo for the merged company. According to the merger agreement the name and logo must symbolise the company’s business strategy, values base and vision.

The original plan was to discuss this at StatoilHydro’s annual general meeting in 2008. However, the boards of StatoilHydro and Hydro have agreed to postpone the matter until the general meeting in 2009. The merger agreement allows for this.

StatoilHydro wants to spend more time on developing further and entrenching its business strategy both internally and externally before starting the work on a new name and logo. In order to ensure proper quality of this work, the aim is to take a decision at the general meeting in 2009.