January 1, 1970 00:00
Statoil ASA will change its organisational structure as a response to future business opportunities and challenges, and to support a continued strong development of the company. The new organisation will reflect the ongoing globalisation of Statoil, leverage
the position on the Norwegian Continental Shelf and simplify internal
interfaces to support safe and efficient operations. The changes are
planned to take effect from 1 January 2011.
During recent years
Statoil has reinforced its leading position on the Norwegian Continental
Shelf (NCS). A new offshore operating model was implemented last year,
and important steps have been taken to further improve HSE and to
industrialise and standardise operations in order to maximise resource
utilisation on the NCS. Statoil has in the same period grown its global
footprint substantially. Today more than 25 percent of the daily
production comes from Statoil’s international portfolio. Statoil has
also taken important steps to grow its portfolio within renewable
energy.
- A broader and more global business portfolio is an
important driver for the changes we make. The new corporate structure
reinforces the execution of our global growth strategy and increases our
efficiency through a simplified organisational structure. In parallel
we adapt to a different future on a more mature NCS still providing rich
opportunities for Statoil, says President and Chief Executive Officer
Helge Lund.
- With a more diversified top management and important
leadership positions established outside Norway we also accelerate
development of a stronger internal leadership pipeline. That’s important
for the long term development of Statoil, Lund adds.
It is three
years since the merger between Statoil and Hydro’s oil and gas
activities. This enabled Statoil to realise close to NOK 10 billion in
merger synergies and cost savings. The announced changes in the
corporate structure are growth and development driven, and will not
result in redundancies.
- In this three year period we have made
good progress, and we have a solid foundation for a continued strong
development of Statoil. Our strategy remains firm. We will take out the
full potential of the Norwegian Continental Shelf, build international
growth platforms and gradually strengthen our position within renewable
energy. We have a competent organisation and motivated people. With a
strong resource base and a balanced portfolio we are ready to take on
new challenges, says Helge Lund.
Statoil’s new corporate
organisational structure and Corporate Executive Committee (CEC) will
besides president and Chief Executive Officer (CEO) Helge Lund, be as
follows:
Development and Production Norway, EVP Oystein Michelsen, located in Stavanger
Development and Production International, EVP Peter Mellbye, located in Oslo
Development and Production North America, EVP Bill Maloney, located in Houston
Marketing, Processing and Renewable Energy, EVP Eldar S?tre, located in Stavanger
Technology, Projects and Drilling, EVP Margareth Ovrum, located in Stavanger
Exploration, EVP Tim Dodson, located in Oslo
Global Strategy and Business Development, EVP John Knight, located in London
Chief Financial Officer, EVP Torgrim Reitan, located in Stavanger
Chief of Staff, EVP Tove Stuhr Sj?blom, located in Stavanger
Rune
Bj?rnson, Jon Arnt Jacobsen, Gunnar Myreb?e and Helga Nes will from
January 2011 leave their positions in the CEC. It is a wish and ambition
both for the company and themselves that they continue in new roles in
Statoil.
- The new team balances renewal with continuity, increases
diversity and creates new opportunities for the next generation of
leaders. At the same time I look forward to working with the colleagues
leaving the CEC in new positions in Statoil, says Helge Lund.
Over
the past few years Statoil has made significant investments in North
America. Establishing Development and Production North America as a
separate business area reflects the importance of the region, it moves
top leadership closer to the operations and is a natural step to secure
the investments and contribute to further growth. Together with
Development and Production Norway and Development and Production
International it covers our upstream activities.
The current business
areas Manufacturing & Marketing, Natural Gas and the New Energy
unit of the existing Technology and New Energy (TNE), will merge into a
new business area for Marketing, Processing and Renewable Energy. This
creates synergies in the operation of onshore plants and in the market
related activities.
The new business area Technology, Projects and
Drilling will combine the existing Technology unit of TNE with the
Projects and Procurement business area, and the Drilling and Well unit
in the existing Exploration and Production Norway (EPN). Joining these
forces simplifies work processes and reduces the numbers of internal
interfaces significantly.
Finally Exploration and Global Strategy
and Business Development will constitute two new business areas driving
core processes across the company. This underpins Statoil’s growth
ambition, and will contribute in the continued pursuit of value creation
through both organic and inorganic moves in the further development of
the company.
The current organisational structure and Corporate
Executive Committee will remain in charge of operations and business
development until the planned implementation 1 January 2011. In the
months ahead, a project team under the leadership of the coming Chief of
Staff Tove Stuhr Sj?blom will drive the process of detailing out the
new organisation in close cooperation with employee representatives.
Media
are invited to a briefing with President and CEO Helge Lund today on
August 19 at 11.00 – 12.00. Please meet in the reception of entry ,
Forus ?st in Stavanger.
Facts: new appointees to the CEC, planned to take effect January 1 2011:
Exploration
Tim
Dodson is a UK citizen, and has 25 years of experience from Statoil. He
comes from the position as Senior Vice President (SVP) for Global
Exploration in Statoil’s current business area for international
operations. From 2004 – 2008 he held the position as SVP for Exploration
in the Exploration and Production Norway business area. Between 2002
and 2004 Dodson was VP Technology Arena, Exploration. Before this he
served as HR manager and advisor at Statfjord, and as VP Exploration
Southern North Sea. Dodson holds a BSc in Geology and Geography from the
University of Keele.
John Knight is a UK citizen, and joined Statoil
in 2002 and comes from the position as Senior Vice President (SVP) for
Business Development and Strategy and Global Unconventional Gas in the
current business area for international operations in Statoil (INT).
From 2004 – 2009 Knight was SVP for Business Development in the current
business area INT. When he started in Statoil in 2002, Knight was SVP
for International Production and Development. Prior to this Knight held
various positions in energy investment banking including at Chase
Manhattan Bank, Union Bank of Switzerland and Salomon Brothers from 1987
to 2002. He trained and practised as a lawyer from 1977 to 1987 in
private practice and at Shell International Petroleum in London from
1980 to 1987. John Knight holds undergraduate and post graduate degrees
in law from Cambridge University and the Inns of Court School of Law in
London.
Bill Maloney is a US citizen, and has a background as Senior
Vice President (SVP) for Global Exploration in Statoil’s current
business area for international operations. Before joining Statoil in
2002, Maloney was VP for Exploration and New Ventures in Texaco since
1995. Before this he held various positions in Shell. Bill Maloney holds
an MSc in Geology from Syracuse University.
Torgrim Reitan is a
Norwegian citizen, and has fifteen years experience from Statoil and
comes from the position as Senior Vice President (SVP) in charge of
Trading and Operations in the current business area Natural Gas, located
in London. From 2004 – 2007 Reitan held the position as SVP CFO
Performance Management and Analysis. Prior to this he was department
manager for Corporate Planning and Analysis, and held various roles in
the CFO organisation. Torgrim Reitan holds a Master of Science degree
from the Norwegian School of Economics and Business Administration –
NHH.
Tove Stuhr Sjoblom is a dual Norwegian/Canadian citizen. She has
worked in Statoil since the merger, and before this for 16 years in
Hydro. She comes from the position as Senior Vice President (SVP) for
Exploration in the current Exploration and Production Norway (EPN)
business area. Before this she held the position as VP Exploration,
Strategy and Environment in EPN. Prior to the merger between Statoil ASA
and Hydro oil and gas, Stuhr Sj?blom was Asset Manager at Hydro’s Ormen
Lange from 2004 – 2006. Between 2000 and 2004 she was Exploration
Manager for Hydro in the North Sea and before this in Canada. Previously
Stuhr Sj?blom held various positions as geologist and project manager
for exploration. Tove Stuhr Sj?blom holds a MSc from the Norwegian
University for Technology and Natural Sciences (NTNU).
Source: Statoil
