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Lund brings in new blood in major Statoil shake-up.
(From Lloyds List)
Byline: Martyn Wingrove
STATOIL'S new chief executive Helge Lund has immediately got down to business, putting in place one of the company's largest ever management shake-ups.
Mr Lund, who was poached from Aker Kvaerner, has changed almost every post to bring new blood to the executive board and prevent scandals such as the recent cash-to-Iran affair, which resulted in a flush of management retirements this year.
'The new corporate executive committee will collectively ensure a complete perspective in Statoil's future development,' said Mr Lund.
Terje Overvik has moved from head of technology into the prime post of executive vice-president for E'P Norway. He is replacing Henrik Carlsen, who is head of the company's Barents Sea operations.
Morten Loktu is coming back to Statoil after two years as head of ...
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