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Former BG and Statoil boss Helge Lund joins private equity firm Clayton, Dubilier & Rice

Caitlin Morrison
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Helge Lund has been chief exec of two oil companies (Source: Getty)

Helge Lund, the former boss of oil firms BG Group and Statoil, has joined private equity firm Clayton, Dubilier & Rice (CD&R) as an adviser.

Lund joined BG in February 2015 to a fanfare of criticism over his proposed pay package of over £25m - and just two months later the company agreed to a £47bn takeover by oil giant Shell. The Norwegian businessman left the firm when the deal completed.

Before joining BG, Lund headed up Statoil for 10 years.

“Helge has made a material, positive and lasting impact on the many businesses that he has led,” said CD&R partner David Novak.

“We greatly admire his many accomplishments and look forward to him applying his strong leadership skills, bold strategic thinking and operational acumen to CD&R’s investment activities and our portfolio businesses.”

Lund added: “CD&R has a stellar record of delivering sustainable performance through operating excellence, strong financial discipline and building strong, values-based cultures. The firm’s strategy and approach is a great match for me and I look forward to adding my experience and networks to identify new investment opportunities, as well as helping CD&R’s portfolio companies become more valuable enterprises.”

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