This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Statoil: New Executive Vice President For Development And Production Norway

Stocks in this article: STL STO

STAVANGER, Norway, Dec. 5, 2013 (GLOBE NEWSWIRE) -- Statoil ASA (OSE:STL, NYSE:STO): Arne Sigve Nylund has been appointed executive vice president for Development and Production Norway.

Nylund will assume his new responsibilities on 1 January 2014 and report to Helge Lund, Chief Executive Officer. Nylund's office location will be Stavanger. He succeeds Øystein Michelsen, who has been appointed country manager in Tanzania.

Nylund is currently senior vice president, Processing and Manufacturing in Marketing, Processing and Renewable Energy (MPR), a role he has held since 2009.

He joined Statoil in 1987 with the transfer of the operatorship of Statfjord from Mobil. He has a background from a range of operational and leadership positions. He has been platform manager at Gullfaks, operations manager at Statfjord and senior vice president for Statfjord operations and Operations West in DPN.

"Arne Sigve Nylund is an experienced leader from both upstream and downstream operations in Statoil. His deep understanding of both the onshore and offshore parts of Statoil makes him a very strong fit for the challenging position as head of DPN," says Statoil CEO Helge Lund.

"Arne Sigve Nylund is recognised for his strong interpersonal skills. He works well with internal as well as external stakeholders. He has experience from driving challenging projects and change agendas, and has demonstrated ability to create trust and strong results. The Norwegian Continental Shelf is the backbone of Statoil's activities, and I look forward to having Arne Sigve as part of the team realising the full NCS potential over the years to come," Lund adds.

"DPN is a very important business area in Statoil. The years to come will be both exciting and demanding. Our ability to adapt, improve and change is a prerequisite for future success. I am really looking forward to again have the opportunity to work together with all the competent and dedicated people in DPN to deliver on our goals and contribute to Statoil's improvement agenda," says Arne Sigve Nylund.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs