Eivind Reiten steps down as chair of StatoilHydro ASA

Eivind Reiten has today informed the corporate assembly that he is stepping down as chair in StatoilHydro ASA with immediate effect. The deputy chair Marit Arnstad will take over as acting chair,  also with immediate effect.

Eivind Reiten has today informed the corporate assembly that he is stepping down as chair in StatoilHydro ASA with immediate effect. The deputy chair Marit Arnstad will take over as acting chair,  also with immediate effect.
 
Ms Arnstad will remain deputy chair until the corporate assembly can elect a new director of the board and a new chair of the board.
 
In a stock market announcement from Norsk Hydro ASA,  it is stated that ,"The investigations so far indicate that Hydro may have had more extensive contact, and made more active use of the consultancy firm in question, than has previously emerged. "
 
Out of consideration for StatoilHydro ASA, Mr Reiten has decided to step down as chair of the board,  after thorough assessment.
 
The review of matters relating to Hydro's oil and energy activities  in Libya initiated by StatoilHydro's chief executive officer Helge Lund, will be implemented as planned.

Contact persons:
Media: Ola Morten Aanestad, informasjonsdirektør:
+ 47 48 08 02 12 (mobil), +47 51 99 13 77 (kontor)
 
Investor Relations:
Lars Troen Sørensen, direktør IR:
+ 47 90 64 91 44 (mobil), +47 51 99 77 90 (kontor)
 
Geir Bjørnstad, vice president for investor relations in USA:
+1 (203) 978 69 50 (mobile)