Mr. Eldar Sætre was appointed President and CEO of Statoil in February 2015. Mr. Sætre joined Statoil in 1980 and has been in several management positions in the company, mainly in the fields of accounting and finance.
He was Executive Vice President and CFO from October 2003 to December 2010, when he became Executive Vice President for Marketing, Processing and Renewable Energy (MPR).
In MPR, Mr. Sætre had responsibility for all downstream, midstream and renewable energy activities in Statoil. Eldar Sætre is a member of the board of Strømberg Gruppen AS and Trucknor AS.