Statoil CEO Helge Lund resigns to lead LNG player BG

Statoil’s CEO Helge Lund will leave after ten years with the company to take up the position as Chief Executive of LNG player BG.


I could have continued for a period, but there is a time for everything. Renewal is important, both for Statoil and for me. I came to the conclusion that the time was right for a change. I have both the motivation and energy to take on a new leadership challenge, and found this opportunity to be the right one,” says Helge Lund.

BG Group is a company with a strong set of assets and opportunities. I look forward to joining this organisation and working with BG’s people to develop the company’s full potential,” Lund added.

Statoil’s board of directors has appointed Eldar Sætre as acting president and CEO, the company said in a statement.

Eldar Sætre has been a member of Statoil’s corporate executive committee since 2003. He served as executive vice president and CFO until 2010, then as executive vice president of the Marketing, Processing and Renewable energy business area.

Statoil said it has established a sub-committee which has started the search for the company’s next CEO, and will also engage an external adviser in the search.

 

LNG World News Staff, October 15, 2014; Image: Statoil

 

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >