Latest news with #JonErikReinhardsen
Yahoo
02-06-2025
- Business
- Yahoo
Election to Equinor's board of directors
In a meeting in the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) on 2 June 2025 Dawn Summers was elected as a new member of the board of directors of Equinor ASA. The corporate assembly re-elected Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board, in addition to re-election of Finn Bjørn Ruyter, Haakon Bruun-Hanssen, Mikael Karlsson, Fernanda Lopes Larsen and Tone Hegland Bachke as members of the board of directors. The current member, Jonathan Lewis will resign from the board of directors as of 30 June 2025. Dawn Summers is elected as a new member of the board of directors of Equinor ASA. The election of the shareholder representatives to the board of directors of Equinor ASA enters into effect from 1 July 2025, with the exception of Dawn Summers who is elected with effect from 1 September 2025, all with effect until the ordinary election of shareholder-representatives to the board of directors in June 2026. Further, the corporate assembly re-elected Hilde Møllerstad, as employee-representative and elected Frank Indreland Gundersen and Geir Leon Vadheim as new employee-representatives of the board of directors of Equinor ASA. Also, Anette Heggholmen, Terje Werner Hansen and Hans Einar Haldorsen were elected as deputy members for the employee-representatives of the board. The election of employee-representative members to the board of directors enters into effect from 1 July 2025 and is effective until the ordinary election of employee-representatives to the board of directors in 2027. Contacts: Nils Morten Huseby, chair of the nomination committee All enquiries to be directed through Equinor Corporate Press Office,Sissel Rinde, +47 412 60 584 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act
Reuters
18-03-2025
- Business
- Reuters
Investor co-leading climate talks with Equinor calls time, sells out
LONDON/OSLO, March 18 (Reuters) - One of the asset managers co-leading climate talks with Equinor ( opens new tab on behalf of more than 600 investors said it has sold its stock because the oil major's board failed to align its strategy with the world's goal of limiting global warming. After first investing in Equinor in 2021, Britain's Sarasin & Partners helped lead talks with the company as part of the Climate Action 100+, opens new tab initiative, whose members push the world's largest listed corporate polluters to cut emissions. here. Despite originally seeing Equinor as a "potential leader in the energy transition" that would "set a standard for the industry", a March 14 letter to the company seen by Reuters said it had failed to align its strategy with the Paris Agreement. That landmark deal, agreed by countries including Equinor's majority owner Norway, seeks to limit the global average temperature increase to well below 2 degrees Celsius above the pre-industrial average by mid-century, and ideally 1.5 degrees. Despite making statements supporting such a pathway, "Equinor has not revised its strategy to deliver on these", the letter to Equinor Chairman Jon Erik Reinhardsen said. "Instead of leading the transition, Equinor has followed other oil and gas majors in rolling back its efforts," it said, including by lobbying to expand oil and gas production, and cutting its renewable energy target in February. Sarasin co-filed a shareholder resolution in 2024 asking Europe's biggest supplier of natural gas to align with a 1.5-degree pathway, yet it was successfully opposed by the board. The asset manager said in its letter that it was particularly troubled by Equinor's view that it was already aligned with the 1.5 degrees Celsius climate goal, calling the claims "not credible". "It is clear from public statements that Equinor assumes it could become aligned if the world transitions more quickly, but this is a fundamentally different position from actually supporting such a pathway today," it said. Sarasin's holding peaked at around 9.5 million shares in March 2024, making it among the company's 20-biggest investors, before it began reducing its position in May. When it sold out in January, it had around 3 million shares.
