News, Oil & Gas

Statoil’s president and CEO resigns

President and CEO Helge Lund will resign to take up the position as CEO of another international oil and gas company.

The board of directors has appointed Eldar Sætre as acting president and CEO of Statoil with immediate effect. He will be the new CEO of the British BG Group.

“I would like to thank Helge Lund for his great efforts during his ten years tenure at Statoil. Under his leadership Statoil has become a stronger company. We have seen improved safety performance, significant international growth and a strong development on the Norwegian continental shelf. Exploration results and shareholder return have both been among the best in the industry and the company’s integrity and values are strengthened,” says Svein Rennemo, chairman of the board.

To read more, please visit Statoil.com.