OREANDA-NEWS. Catherine Hughes has informed that she will resign from her position as member of the board of directors in Statoil ASA with immediate effect in order to avoid potential conflicts of interest following a recent change of circumstances.

The nomination committee in Statoil (OSE: STL, NYSE: STO) 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.