Helge Lund

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Helge Lund
Helge Lund, CEO Statoil.jpg
Born (1962-10-16) 16 October 1962 (age 53)
Oslo, Norway
Nationality Norwegian
Alma mater Norwegian School of Economics
INSEAD
Occupation Director, Schlumberger
Salary GBP £1.5 million (basic salary, 2014), up to £14 million (with bonuses)
Spouse(s) Else-Cathrine Lund

Helge Lund (born 16 October 1962) is a Norwegian businessman, a director of Schlumberger since June 2016, and the former chief executive officer (CEO) of BG Group, Statoil and Aker Kværner.[1]

Early life[edit]

Lund graduated in business management at the Norwegian School of Economics in Bergen. He also has a Master of Business Administration (MBA) from the INSEAD business school in France.

Career[edit]

He started his career as a management consultant for McKinsey & Company and as political adviser for the Conservative Party in the Norwegian parliament Stortinget, before starting work for Hafslund Nycomed in 1993. In 1997-8 he was vice president in Nycomed Pharma before starting work in Aker RGI in 1999 as vice president before becoming CEO for Aker Kværner in 2002. After Olav Fjell withdrew as CEO of Statoil in 2004, Lund took over and was retained after Statoil merged with the oil & gas division of Norsk Hydro in 2007 to create StatoilHydro.

On 15 October 2014, Lund resigned as CEO for Statoil with immediate effect,[2] to join the management team of the UK's BG Group as CEO from 9 February 2015.[3]

On 1 December 2014, in response to pressure from shareholders, BG Group reduced a £12 million share award golden hello for Lund to between £4.7 million to £10.6 million, depending on the company's future performance. His basic salary will be £1.5 million, but with bonuses, total compensation could reach £14 million per annum.[4][5]

Following the takeover of BG Group by Royal Dutch Shell, Lund was out of a job, but did receive a total of £5.5 million for his 11 months work, and £9.7 million in shares in February 2016, as a result of the takeover.[6]

In June 2016, Lund was appointed to the board of directors of Schlumberger.[7][8]

Personal life[edit]

He is married to Else-Cathrine Lund.[9]

References[edit]

  1. ^ Helge Lund in Store norske leksikon (Norwegian)
  2. ^ "Lund blir toppsjef i britiske BG" [Lund to join top management team of British BG]. dn.no. Dagenss Næringsliv. Retrieved 15 October 2014. 
  3. ^ "Helge Lund starts as BG Group Chief Executive". bg-group.com. BG Group. Retrieved 19 February 2015. 
  4. ^ Williams, Selina (1 December 2014). "BG Group Reduces Helge Lund’s CEO Pay Package". WSJ. Retrieved 3 April 2015. 
  5. ^ Rankin, Jennifer (1 December 2014). "BG Group cuts Helge Lund’s ‘golden hello’ after shareholder pressure". The Guardian. Retrieved 3 April 2015. 
  6. ^ Jill Treanor. "BG chief paid £5.5m for nine-month stint at firm | Business". The Guardian. Retrieved 2016-07-16. 
  7. ^ Williams, Selina (2016-06-09). "Schlumberger Appoints Former BG, Statoil Boss to Board". WSJ.com. Retrieved 2016-07-16. 
  8. ^ "Schlumberger Says Helge Lund Joins As Director, Not CEO | Exploration & Production". Epmag.com. 2016-06-10. Retrieved 2016-07-16. 
  9. ^ Bjørheim, Camilla (21 August 2010). "Helge Lund uncertain about Statoil's green future". Aftenbladet. Retrieved 3 April 2015.