Carl-Henric Svanberg’s time as BP chairman has been defined by the Deepwater Horizon disaster in the Gulf of Mexico US COAST GUARD/REUTERSBP has hired Helge Lund, the former boss of BG Group and Statoil, to succeed Carl-Henric Svanberg as chairman. The Norwegian, who, at 55, is younger than all the directors on BP’s board, will join the oil major in September and take over as chairman at the start of next year. Mr Lund made his name through a decade in charge of Statoil, the Norwegian national oil company that he ran until 2014, but made his fortune through a brief stint at BG Group. He was lured to turn around the struggling oil and gas group with a £25 million golden hello, which was trimmed after a pay row. He had barely been at BG’s helm for two months when the company agreed to be…

Source: The Times April 26, 2018 23:04 UTC