Lund leaves state-controlled Statoil after more than a decade in the top job. He joins BG Group on 2 March 2015.

He will be BG Group's third CEO in less than two years following the abrupt departure of Chris Finlayson from the post in April after a brief 15 month tenure.

Eldar Saetre, Statoil’s head of marketing, processing and renewables division, has been named as acting CEO while the search for a full-time replacement is made.

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