BP PLC Helge Lund to be new BP Chairman (1933M)
April 26 2018 - 1:03AM
UK Regulatory
TIDMBP.
RNS Number : 1933M
BP PLC
26 April 2018
press release
26 April 2018
Helge Lund to succeed Carl-Henric Svanberg as BP chairman
BP announced today that it has appointed Helge Lund to succeed
Carl-Henric Svanberg as chairman of BP.
Mr Lund will join the BP Board as chairman designate and a
non-executive director on 1 September 2018. He will be appointed
chairman on 1 January 2019. Mr Lund will have a base in London.
Mr Lund, who is also chairman of Novo Nordisk AS in Denmark,
will stand down with immediate effect from his directorship at
Schlumberger, the global oil service group.
The search for the new chairman was conducted by the full BP
Board led by Ian Davis, the senior independent director. Mr Davis
said that the search process had been worldwide and rigorous. This
produced an impressive list of diverse candidates from the UK,
continental Europe and the US.
Mr Lund, 55, said: "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. BP has come successfully through a
challenging period under the strong and committed leadership of
Carl-Henric and Bob. I am looking forward to working with Bob and
his team as they address the changing energy landscape."
BP chairman Carl-Henric 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.
"I have enjoyed my time as chairman, made special by the great
people that I've been privileged to work with at BP, from Bob to
the team throughout the company. I am sure that Helge will enjoy
the role as much as I have."
BP group chief executive, Bob Dudley said: "Carl-Henric has
steadily led our board through BP's darkest days and into this
period of growth and modernization. We owe him a debt of gratitude
for his strong support and clear vision over the past nine
years.
"I have known Helge for more than a decade and I am very much
looking forward to working with him. With strategic vision and a
modern, global perspective, he has a clear understanding of the
challenges and the opportunities facing our industry.
"I am confident Helge, with the rest of the board, will provide
the company with good governance and strategic guidance as we
continue to grow and adapt through the energy transition."
Helge Lund
Helge Lund served as Chief Executive of BG Group from 2015 to
2016 when the company merged with Shell. He joined BG Group from
Statoil where he served as President & CEO for 10 years from
2004.
Prior to Statoil, he was President & CEO of Aker Kvaerner,
an industrial conglomerate with operations in oil and gas,
engineering and construction, pulp and paper and shipbuilding. He
has also held executive positions in Aker RGI, a Norwegian
industrial holding company, and Hafslund Nycomed, an industrial
group with business activities in pharmaceuticals and energy.
He has worked as a consultant with McKinsey & Company and
has served as a political advisor for the parliamentary group of
the Conservative party in Norway.
Helge Lund is Chairman of the Board of Novo Nordisk AS, a global
healthcare company. He has been a non-executive director of the oil
service group Schlumberger (2016-18), and Nokia (2011-14).
He is an Operating Advisor to Clayton Dubilier & Rice, the
US investment firm. He is a member of the Board of Trustees of the
International Crisis Group and served as a member on the United
Nations Secretary-General's Advisory Group on Sustainable Energy in
the period 2011-14.
He has a degree in business economics from the Norwegian School
of Economics and Business Administration (NHH) in Bergen and a
Master of Business Administration (MBA) from INSEAD business school
in France.
A Norwegian national, Helge Lund is married with two
children.
Further information:
BP press office, +44 (0)20 7496 4076, bppress@bp.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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