OSLO, June 2 (Reuters) - Norwegian energy group Statoil(STL.OL: Quote, Profile, Research) said on Friday that its Chairman Jannik Lindbaek willserve another term after his proposed successor was forced towithdraw.

Lindbaek, aged 67 and chairman since 2003, had wanted tostep down in favour of metal-to-foods group Orkla's (ORK.OL: Quote, Profile, Research)former Chairman, Johan Fredrik Odfjell.

But politicians from the left wing of Norway's politicalspectrum had attacked a lucrative severance deal that Odfjell,57, struck with a former employer in the mid-1990s andquestioned his credentials to chair the country's biggestbusiness.

"Statoil found itself in a challenging position when theelection committee's nominated candidate withdrew hiscandidature," Lindbaek said in a statement.

"In such circumstances, and at the request of both theelection committee and the largest shareholder, I have indicatedmy willingness to serve as chair for a further term."

His nomination for another two-year term will be vetted byStatoil's corporate assembly -- a mix of shareholders and unionleaders -- on June 14.

Norway's Labour-led government coalition, which includes theSocialists who have never before been in power, at firstsupported Odfjell's nomination but it backed down as pressuremounted.

In 1994, Odfjell agreed to a $120,000 per annum 19-year paydeal with a former employer, insurance group Vesta, under whichhe would be available for consultancy services.

But Odfjell has not done any recent work for Vesta andcritics in a country built upon egalitarian ideals said the dealsuggested excessive greed.

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