BG staff must compete for jobs after Shell takeover, says boss Helge Lund
By Andrew Critchlow, The Telegraph Commodities Editor: Article Published 9:53PM BST 10 May 2015
BG Group chief executive Helge Lund speaks exclusively to Andrew Critchlow about his plans to prepare the company for its mega takeover by Shell
When BG Group hired Helge Lund as the company’s new chief executive late last year it came at a high price.
Mr Lund – who had previously been head of the Norwegian state-oil giant Statoil – was handed a large remuneration package that, with bonuses, could be in the region of £25m. In return, he would take the top job at a company that appeared to be lurching from one crisis to another following the sudden departure of the previous chief, Chris Finlayson.
Under Mr Finlayson, who had been in the job for less than a year, BG had suffered a number of production issues and a profit warning just as the oil and gas industry was about to enter a deep downturn, with Brent crude prices plummeting to around $50 per barrel.
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