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Lund becomes Statoil CEO

person Norwegian Petroleum Museum
Helge Lund took over as chief executive of Statoil in succession to Olav Fjell on 1 August 2004.
— Helge Lund. Photo: Fotogjengen ved Studentersamfundet i Trondhjem (Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=7998334) cropped
© Norsk Oljemuseum

Previous heads of the company had sympathised with the Labour Party, but Lund was a Conservative supporter and served as political adviser to the party group in the Storting (parliament) before going into industry in 1993. Prior to joining Statoil, he had played an important role in the merger between the Aker and Kværner groups – a process launched by financier Kjell Inge Røkke in 2003.

Lund presented plans to merge Statoil with the oil and energy division of industrial combine Norsk Hydro in 2006, together with Hydro chief executive Eivind Reiten. He remained chief executive after the merger was completed on 1 October 2007.

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Statpipe and Kårstø part of GassledLoading buoy ceased operation
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Published November 26, 2019   •   Updated January 7, 2020

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