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Helge Lund was appointed President and Chief Executive Officer on March 7, 2004, and assumed his position on August 15, 2004. Mr. Lund came from the position of Chief Executive of Aker Kvaerner, and from 1999 until he joined Statoil, he held a number of positions in the Aker RGI system, among them the position as Deputy Chief Executive and Chief Operating Officer, before becoming Chief Executive Officer of Aker Kværner in 2002. For a period he was also appointed to the board of directors of Kvaerner. Mr. Lund joined the Hafslund Nycomed industrial company in 1993, and from 1997, he was deputy managing director of Nycomed Pharma for a period of two years. Before then, Mr. Lund was a political advisor in the Conservative Party's parliamentary group and a consultant at McKinsey & Co. Mr. Lund graduated as a business economist from the Norwegian School of Economics and Business Administration (NHH) in Bergen. He also has a master of business administration (MBA) from the Insead business school in France. | 