Eldar Sætre (born 8 February 1956) is a Norwegian businessman who since February 2015 is CEO of

Equinor Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company, petroleum company operating in 36 countries with additional investments in renew ...

, holding the position interim from October 2014.

Early life

Sætre was born in

Vartdal Municipality Vartdal is a List of former municipalities of Norway, former municipality in Møre og Romsdal county, Norway. The municipality existed from 1895 until its dissolution in 1964. The area is now part of Ørsta Municipality in the Traditional distri ...

(now part of

Ørsta Municipality is a List of municipalities of Norway, municipality in Møre og Romsdal Counties of Norway, county, Norway. It is part of the Sunnmøre Districts of Norway, region of Western Norway. The administrative centre of the municipality is the Ørsta (v ...

), son of a

carpenter Carpentry is a skilled trade and a craft in which the primary work performed is the cutting, shaping and installation of building materials during the construction of buildings, ships, timber bridges, concrete formwork, etc. Carpenter ...

.Erlend Skarsaune (30 November 2014
Dette er Eldar Sætre
''

Stavanger Aftenblad (; ) or simply ''Aftenbladet'' is a daily newspaper based in Stavanger, Norway, and owned by Schibsted Media Group. Norwegian owners held 42 percent of the shares in Schibsted at the end of 2015. is thus majority foreign-owned. History and ...

''. 4 February 201
Archive
He holds a master's degree from

Norwegian School of Economics The Norwegian School of Economics () or NHH is a business school situated in Bergen, Norway. It was founded in 1936 as Norway's first business school and is the leading teaching and research institution in Norway for the fields of management and ...

Career

He joined

(then

Statoil Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy. In th ...

) in 1980. He was central in the listing of the company on the

Oslo Stock Exchange Oslo Stock Exchange () (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway's only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed ...

and

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

in 2001, following a privatization of Statoil. He has been part of the Executive board since 2003, first as CFO and from 2010 to 2014 as director of Marketing, Processing and Renewable energy. As CFO he played a major role in the merger of Statoil with

Hydro Oil & Gas Hydro Oil & Gas is a defunct division of Norsk Hydro that operated within the oil and gas industry. On October 1, 2007 it merged with Statoil to form the new corporation StatoilHydro. Operations Hydro's main operations in petroleum were on the ...

in 2007. He has also been responsible for Statoil's marketing strategy for natural gas sale in Europe.Fredrick Chr. Ekeseth (4 February 2015
Eldar Sætre er firmaets mann
''

Dagens Næringsliv ''(DN)'' ( Norwegian for "''Today's Business Affairs''"), is a Norwegian daily newspaper focusing on economic and business current affairs. it is the third-largest newspaper in Norway by circulation. Editor-in-chief is Janne Johannessen, appoint ...

''
Archive
/ref> At the resignation of

Helge Lund Helge Lund (born 16 October 1962) is a Norwegian businessman who has been chairman of BP since January 2019, and chairman of the Danish healthcare company Novo Nordisk Novo Nordisk A/S is a Danish multinational pharmaceutical company headq ...

as CEO in 2014, Sætre was made interim CEO. He denied any interest in taking on the position permanently, but changed his mind after being asked by the board in December 2014. He is, as of February 2015, a board member of Strømberg Gruppen and Trucknor.

Personal life

He lives in

Sandnes Sandnes () is a city and municipality in Rogaland, Norway. It lies immediately south of Stavanger, the 4th largest municipality in Norway, and together the Stavanger/Sandnes area is the third-largest urban area in Norway. The urban city of Sand ...

References

External links

Bio
at Statoil {{DEFAULTSORT:Saetre, Eldar 1956 births Living people Norwegian School of Economics alumni People in the petroleum industry Equinor people Norwegian businesspeople in the oil industry People from Ørsta People from Sandnes