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Statoil: Eldar Saetre new president and CEO

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Staff writer | Stavanger, Norway | February 5, 2015
Eldar SaetreStatoil, an oil and gas company, has appointed Eldar Saetre as new president and chief executive officer.
Mr. Saetre has been acting as president and CEO since October.

He has 35 years of experience from Statoil and the oil and gas industry.

He has extensive operational and financial experience from Statoil.

He has been a member of the corporate executive committee since 2003.

Mr. Saetre started as chief financial officer, and later became executive vice president for the Marketing, Processing and Renewable Energy (MPR) business area.

Mr. Saetre played a key role during Statoil's IPO and the merger with Norsk Hydro's oil and gas division.

He was responsible for the updated strategy for marketing of natural gas to the European market.

He has also led the improvement work at Statoil's onshore facilities.