BP announced today that it has appointed Helge Lund to succeed Carl-Henric Svanberg as chairman of BP.
Mr Lund will join the BP Board as chairman designate and a non-executive director on 1 September 2018. He will be appointed chairman on 1 January 2019. Mr Lund will have a base in London.
Mr Lund, who is also chairman of Novo Nordisk AS in Denmark, will stand down with immediate effect from his directorship at Schlumberger, the global oil service group.
The search for the new chairman was conducted by the full BP Board led by Ian Davis, the senior independent director. Mr Davis said that the search process had been worldwide and rigorous. This produced an impressive list of diverse candidates from the UK, continental Europe and the US.
“BP is a great company. Now as a non-executive, it is a huge privilege for me to be asked to lead an experienced and diverse board. BP has come successfully through a challenging period under the strong and committed leadership of Carl-Henric and Bob. I am looking forward to working with Bob and his team as they address the changing energy landscape.”
Helge Lund, 55
BP chairman Carl-Henric Svanberg said: “I am delighted that Helge Lund is to be BP’s next chairman. Our industry is changing faster than ever as the world focuses on meeting the dual challenge of more energy with fewer emissions.
“Helge has a track record of leadership in addressing these issues, characterised by his open-minded and forward-looking approach. Together with his deep industry knowledge and global business experience, he has all the skills necessary to lead the board today and into the future.
“I have enjoyed my time as chairman, made special by the great people that I’ve been privileged to work with at BP, from Bob to the team throughout the company. I am sure that Helge will enjoy the role as much as I have.”
BP group chief executive, Bob Dudley said: “Carl-Henric has steadily led our board through BP’s darkest days and into this period of growth and modernization. We owe him a debt of gratitude for his strong support and clear vision over the past nine years.
“I have known Helge for more than a decade and I am very much looking forward to working with him. With strategic vision and a modern, global perspective, he has a clear understanding of the challenges and the opportunities facing our industry.
“I am confident Helge, with the rest of the board, will provide the company with good governance and strategic guidance as we continue to grow and adapt through the energy transition.”