Catherine Hughes said that she will resign from the position as a member of the board of directors in Statoil with immediate effect.
According to Statoil’s statement, Hughes made the decision in order to avoid potential conflicts of interest following a recent change of circumstances.
The nomination committee in Statoil will commence its search for a new board member, and the corporate assembly will make a by-election when the nomination committee’s recommendation is ready. Olaug Svarva is chair of the nomination committee in Statoil.
[mappress mapid=”17105″]
Image: Statoil