Profile: BP's new chairman, Helge Lund

- Leadership - Apr 26, 2018

BP has a new chairman elect in the shape of Helge Lund, who will replace Carl-Henric Svanberg at the beginning of next year. But what makes Lund the ideal person for the role?

Helge Lund's strong background in the healthcare and energy industries has readied him for the chairmanship of BP.

A Norwegian national, Lund graduated from the Norwegian School of Economics and Business Administration (NHH) in Bergen and a earned an MBA from INSEAD business school in France.

Beginning out as a consultant and a political advisor to the Conservative Party in the Stortinget, Lund went on to hold executive positions at industrial and power companies before rising to become President and CEO of Aker Kvaemer, the Norwegian industrial conglomerate.

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That preceded a decade as CEO of Statoil, where he was responsible for improved safety performance and signicant international growth. He left Statoil in 2014 to join British oil & gas firm BG Group but left soon after following its takeover by Royal Dutch Shell.

Lund is currently chairman of Novo Nordisk AS, the global healthcare company. He has also been a non-executive director of the oil service group Schlumberger (2016-18), and Nokia (2011-14).

"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, " he said in a statement. "BP has come successfully through a challenging period under the strong and committed leadership of Carl-Henric and Bob (Dudley, CEO). I am looking forward to working with Bob and his team as they address the changing energy landscape."

The outgoing Svanberg said: "I am delighted that Helge Lund is to be BP’s next chairman. Our industry is changing faster than ever as the world focuses on meeting the dual challenge of more energy with fewer emissions.

"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."

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