[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Monday, 8 March, 2004, 13:45 GMT
Statoil's search yields new boss
Statoil and Norwegian flags
Police are still investigating Statoil officials
Norwegian oil company Statoil has appointed a new chief executive, after managers resigned following accusations of corruption in Iran.

Helge Lund, 42, who takes up the job in August, heads one of Norway's largest companies, Aker Kvaerner.

It has also been agreed that Statoil acting chief Inge Hansen will take the top job at Aker Kvaerner.

State-owned Statoil has come under attack for taking so long to find a new chief executive.

Police are still investigating charges that Statoil employees tried to bribe foreign officials.

The investigation has already resulted in the resignations of Statoil's then board chairman, Leif Terje Loeddesoel and the head of international operations international exploration and productions, Richard Hubbard.

Mr Lund has held key posts at the industrial group Aker before it merged with Kvaerner, and Norwegian pharmaceuticals group Hafslund Nycomed.

Embattled Statoil chief steps down
23 Sep 03  |  Business
Statoil signs Iran gas deal
28 Oct 02  |  Business

The BBC is not responsible for the content of external internet sites


News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific