UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2017
Commission File Number: 1-15200
Statoil ASA
(Translation of registrant's name into English)
FORUSBEEN 50, N-4035, STAVANGER
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
On May 30, 2017, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(c) Exhibit 99.1. Press release dated May 30, 2017
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Statoil ASA | ||
| (Registrant) | ||
| Date: May 30, 2017 | /s/ HANS JAKOB HEGGE | |
| Hans Jakob Hegge | ||
| Chief Financial Officer | ||
EXHIBIT 99.1
Statoil ASA: Recommendation from Statoil's nomination committee
The nomination committee in Statoil (OSE:STL, NYSE:STO) recommends that the company's corporate assembly elects Jon Erik Reinhardsen as new chair of the board of directors.
Furthermore, the nomination committee recommends a re-election of Roy Franklin as deputy chair and Wenche Agerup, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Maria Johanna Oudeman and Jeroen van der Veer as members of the board of directors.
Chair of the board Øystein Løseth has informed the nomination committee that he does not wish to stand for re-election in 2017. Løseth has been a member of Statoil's board of directors since 2014 and chair since 2015. Løseth wants to return to a career seeking more operational positions that would be difficult to combine with remaining as chair of the Statoil board. Løseth will leave the board of directors effective as of 1 July 2017. On this basis, a new chair of the board of directors is hereby nominated.
The nomination committee is unanimously recommending the election of Jon Erik Reinhardsen as new chair of the board of directors of Statoil. Reinhardsen has been the Chief Executive Officer of Petroleum Geo-Services (PGS) since 2008. PGS delivers global geophysical- and reservoir services. The company has its headquarters in Oslo and offices in 17 countries with approximately 1,800 employees.
"When Øystein Løseth informed that he would not stand for reelection, the nomination committee initiated a broad search for the best available candidate. The choice of Jon Erik Reinhardsen is based on his deep industrial and global experience, paired with broad background from management of large organisations, including as CEO of a truly global company. The nomination committee is very satisfied that Reinhardsen has confirmed willingness to take on such a demanding and important role as chair of the board of Statoil," says Tone Lunde Bakker, chair of the nomination committee.
In the period 2005 - 2008 Reinhardsen was President Growth, Primary Products in the international aluminium company Alcoa Inc. with headquarters in the US, and he was in this period based in New York.
From 1983 to 2005, Reinhardsen held various positions in the Aker Kværner group, including Group Executive Vice President of Aker Kværner ASA, Deputy Chief Executive Officer and Executive Vice President of Aker Kværner Oil & Gas AS in Houston and Executive Vice President in Aker Maritime ASA.
Reinhardsen has a Master's Degree in Applied Mathematics and Geophysics from the University of Bergen. He has also attended the International Executive Program at the Institute for Management Development (IMD) in Lausanne, Switzerland.
Reinhardsen is a member of the board of directors of Oceaneering International, Inc. (since 2016), Borregaard ASA (since 2016), Telenor ASA (since 2014) and Awilhelmsen AS (since 2010). He has previously been a member of the board of directors of Cameron International Corporation (2009-2016), Höegh Autoliners Holdings AS and Höegh LNG Holdings Ltd (2006-2014).
Reinhardsen will leave his position in PGS as of 31 August 2017, and is proposed as new chair of the Statoil board from 1 September 2017. The nomination committee proposes deputy chair of the board Roy Franklin as acting chair of the board in the period from 1 July up until and including 31 August.
The election to Statoil's board of directors takes place in the company's corporate assembly meeting Tuesday 6 June 2017. It is proposed that the election of Reinhardsen enters into effect from 1 September 2017, and the re-election of Roy Franklin, Wenche Agerup, Bjørn Tore Godal, Rebekka Glasser Herlofsen, Maria Johanna Oudeman and Jeroen van der Veer from 1 July 2017, effective until the ordinary election of shareholder-elected members to the board of directors in 2018.
Contacts:
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.