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Vareberg to leave Statoil

June 8, 1999, 17:20 CEST

Executive vice president Terje Vareberg is resigning from Statoil to become president of a Norwegian savings bank.

He will be joining Sparebanken 1 SR-Bank in Stavanger during September.

Mr Vareberg has been with Statoil for 15 years, including 10 years as a member of its corporate management.