Statoil CEO resigns with immediate effect

Statoil CEO Helge Lund will resign, effective immediately, says the Norwegian oil company in a brief to the stock exchange. Helge Lund will take over the reins of British BG Group.

Photo: Trond Isaksen/Statoil

The CEO of Norwegian oil company Statoil has resigned from the job, says the company in a brief to the stock exchange. Helge Lund has personally decided to step down, and the move is effective immediately, as Helge Lund has, according to Ritzau Finans, been offered the job as CEO of another international oil and gas company, British BG Group.

"It has been a privilege to lead Statoil during ten very exciting years. This is a company with highly experienced and competent employees. I would like to thank everyone for our collaboration and their strong efforts for Statoil. Together we have created values for Statoil’s shareholders and the society, and strengthened our resource base at the Norwegian continental shelf and internationally," says Helge Lund in the statement.

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