Statoil’s Lund to join BG Group as chief executive officer

Oct. 15, 2014

BG Group has appointed Helge Lund as chief executive officer and as an executive director, effective Mar. 2, 2015. Lund has served as president and CEO of Statoil ASA since 2004.

OGJ editors

This article was modified Oct. 15.

BG Group has appointed Helge Lund as chief executive officer and as an executive director, effective Mar. 2, 2015. Lund has served as president and CEO of Statoil ASA since 2004 (OGJ Online, Mar. 11, 2004).

The move comes months after former CEO Chris Finlayson resigned as CEO and executive director, giving way to Andrew Gould to take over as interim executive chairman (OGJ Online, Apr. 28, 2014).

In response, Statoil’s board has appointed Eldar Saetre as acting president and CEO. He’s served as executive vice-president of marketing, processing, and renewable energy since 2010 and a member of the company’s corporate executive committee since 2003.

Statoil says Saetre played an essential role during its merger with Norsk Hydro’s oil and gas division, implementing an updated strategy for marketing of natural gas to Europe, and leading improvement work at the company’s onshore facilities.

Separately, Tor Martin Anfinnsen was named acting executive vice-president for marketing, processing, and renewable energy.

Statoil’s board has established a subcommittee to conduct the search for the company’s next chief executive.