Helge Lund

Helge Lund (born 16 October 1962) is a Norwegian businessman who has been the chairman of BP since January 2019 and the chairman of the Danish healthcare company Novo Nordisk since 2018. He is the former chief executive officer (CEO) of BG Group, Statoil, and Aker Kværner, and served as a director of Schlumberger from June 2016 to April 2018.

Early Life

Lund was born in Oslo, Norway, in 1962. He graduated in business management from the Norwegian School of Economics in Bergen and holds a Master of Business Administration (MBA) from the INSEAD business school in France.

Career

Lund began his career as a management consultant for McKinsey & Company and as a political adviser for the Conservative Party in the Norwegian parliament, Stortinget. In 1993, he joined Hafslund Nycomed. From 1997 to 1998, he served as vice president at Nycomed Pharma before moving to Aker RGI in 1999 as vice president. He became CEO of Aker Kværner in 2002.

In 2004, after Olav Fjell stepped down as CEO of Statoil, Lund took over the position. He continued as CEO after Statoil merged with the oil and gas division of Norsk Hydro in 2007 to form StatoilHydro.

On 15 October 2014, Lund resigned as CEO of Statoil to join the UK's BG Group as CEO starting 9 February 2015. In response to shareholder pressure, BG Group reduced a £12 million share award for Lund to between £4.7 million and £10.6 million, depending on the company's future performance. His basic salary was set at £1.5 million, with total compensation potentially reaching £14 million per annum.

Following the takeover of BG Group by Royal Dutch Shell, Lund received a total of £5.5 million for his 11 months of work and £9.7 million in shares in February 2016 as a result of the takeover.

In June 2016, Lund was appointed to the board of directors of Schlumberger. On 26 April 2018, BP announced that he would join their board on 1 September 2018 and succeed Carl-Henric Svanberg as chairman effective 1 January 2019.

Personal Life

Helge Lund is married to Else-Cathrine Lund.