Mr Rennemo has been the CEO of Norwegian oil and gas field survey firm Petroleum Geo-Services (PGS) since 2002.
Mr Rennemo will leave his position with PGS on April 1, 2008. To avoid any conflict of interest, he will join StatoilHydro’s board of directors only after the announced date of resignation from PGS. Marit Arnstad will act as chairman of the board until Mr Rennemo assumes office.
Between 1972 and 1982 Mr Rennemo acted as an advisor and analyst in monetary policy and economics at the Central Bank of Norway, the Organization for Economic Co-operation and Development secretariat in Paris, and the Norwegian Ministry of Finance.
He has also held several management positions at Statoil from 1982 to 1994, last as head of the firm’s petrochemicals business.
