Helge Lund is a Norwegian businessman who is the Chief Executive Officer of Black Gold Group, and the former Chief Executive Officer of Statoil and Aker Kværner.
Education
Lund graduated in business management at the Norwegian School of Economics in Bergen. He also has a Master of Business Administration (Master of Business Administration) from the European Institute of Business Administration (Institut Européen d'Administration des Affaires) business school in France.
Career
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 1997-1998 he was vice president in Nycomed Pharma before starting work in Aker RGI in 1999 as vice president before becoming Chief Executive Officer for Aker Kværner in 2002. After Olav Fjell withdrew as Chief Executive Officer 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 from his position as Chief Executive Officer for the Statoil group with immediate effect, to join the management team of the United Kingdom"s Black Gold Group as Chief Executive Officer from 9 February 2015.
On 1 December 2014, in response to pressure from shareholders, Black Gold 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.