BP announced today that it has appointed Helge Lund to succeed Carl-Henric Svanberg as Chairman of BP.
Lund will join the BP Board as Chairman designate and a non-executive Director on 1st September 2018. He will be appointed Chairman on 1st January 2019. He will be based in London.
Lund, who is also Chairman of Novo Nordisk AS in Denmark, will stand down with immediate effect from his directorship at Schlumberger, the global oil service group.
The search for the new Chairman was conducted by the full BP Board led by Ian Davis, the senior independent director. Mr Davis said that the search process had been worldwide and rigorous. This produced an impressive list of diverse candidates from the UK, Continental Europe and the US.
Lund, 55, said: “BP is a great company. Now as a non-executive, it is a huge privilege for me to be asked to lead an experienced and diverse board. BP has come successfully through a challenging period under the strong and committed leadership of Carl-Henric and Bob. I am looking forward to working with Bob and his team as they address the changing energy landscape.”
“Helge has a track record of leadership in addressing these issues, characterised by his open-minded and forward-looking approach. Together with his deep industry knowledge and global business experience, he has all the skills necessary to lead the board today and into the future.”
President and CEO of Statoil for 10 years
Helge Lund served as Chief Executive of BG Group from 2015 to 2016 when the company merged with Shell. He joined BG Group from Statoil where he served as President & CEO for 10 years from 2004.
Prior to Statoil, he was President & CEO of Aker Kvaerner, an industrial conglomerate with operations in oil and gas, engineering and construction, pulp and paper and shipbuilding. He has also held executive positions in Aker RGI, a Norwegian industrial holding company, and Hafslund Nycomed, an industrial group with business activities in pharmaceuticals and energy.
He has worked as a consultant with McKinsey & Company and has served as a political advisor for the parliamentary group of the Conservative party in Norway.
Helge Lund is Chairman of the Board of Novo Nordisk AS, a global healthcare company. He has been a non-executive director of the oil service group Schlumberger (2016-18), and Nokia (2011-14).
He has a degree in business economics from the Norwegian School of Economics and Business Administration (NHH) in Bergen and a Master of Business Administration (MBA) from INSEAD business school in France.
A Norwegian national, Helge Lund is married with two children.
Image over the headline.- Helge Lund in Russia (2012). Image by Government.ru [CC BY 4.0 (https://creativecommons.org/licenses/by/4.0) or CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons. To watch the original photo, clic here
