Former chief executive of BG Group, Helge Lund, has been appointed as the new director to oil services giant Schlumberger’s board of directors, earlier this month.
According to a filing to the US Securities & Exchange Commission (SEC) on 1 June, Lund will serve as a director until the next annual general meeting of the company's stockholders and will be subject to election by a stockholders’ vote.
“The board expects to appoint Lund to one or more committees of the board at a later date. As of the filing of this report, the board has not determined Lund's initial committee assignments,” Schlumberger said.
Lund was the CEO of BG Group, from February 2015, up until Shell took over the company at the beginning of 2016.
He was also CEO of Norwegian giant Statoil from 2014, taking the reigns for more than 10 years, before leaving his post to join BG. During Lund’s time at Statoil, the company’s market capitalization had increased from US$28.7 billion to above $76.1 billion and production has increased from 1 billion boe/d to 1.9 billion boe/d.
Image of Lund, from BG.
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