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 state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, operating in 36 countries with additional investments in renewable energy. I ...

, holding the position interim from October 2014.

Early life

Sætre was born in

Vartdal Vartdal is a former municipality in Møre og Romsdal county, Norway. The municipality existed from 1895 until its dissolution in 1965. The area now sits in the northwestern part of the Ørsta municipality, along the Vartdalsfjorden. The admini ...

Ørsta 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 ( ...

, 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, Shipbuilding, ships, timber bridges, concrete formwork, etc. ...

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

Stavanger Aftenblad ''Stavanger Aftenblad'' () (lit: ''Stavanger Evening Paper'') 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 ...

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

Norwegian School of Economics The Norwegian School of Economics ( no, Norges Handelshøyskole) or NHH is a business school situated in Bergen, Norway. It was founded in 1936 as Norway's first business school and is a leading teaching and research institution in the fields of ...

Career

He joined

(then

Statoil Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state owned enterprise, state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, petroleum company, operating in 36 countries with ad ...

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

Oslo Stock Exchange Oslo Stock Exchange ( no, Oslo Børs) (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, deriv ...

and

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...

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 N ...

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 ''Dagens Næringsliv'' (Norwegian for "Today's Business"), commonly known as ''DN'', is a Norwegian newspaper specializing in business news. , it is the third-largest newspaper in Norway. Editor-in-chief is Janne Johannessen, who was appointed i ...

''
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/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 since 2018. He is the former chief executive officer (CEO) of BG Group, Sta ...

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 city in Norway and together, the Stavanger/Sandnes area is the third-largest urban area in Norway. The urban city of Sandnes lies ...

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