Clayton, Dubilier & Rice Appoints Lund As Operating Advisor

Sep 22 2016 | 8:13pm ET

Veteran senior executive Helge Lund has been appointed an operating advisor to private equity company Clayton, Dubilier & Rice.

Lund will advise CD&R’s various buyout funds, the company said in a statement Wednesday. His industry sector experience includes energy, industrials and healthcare.

Lund has a distinguished record of serving in senior leadership positions across a range of multinational corporations, including CEO of energy firms BG Group PLC and Statoil ASA. Early in his career, he was a management consultant at McKinsey & Company. 

Lund’s track record of corporate transformation is noteworthy. At BG Group, he led the build-out of a new management team and organizational structure, implementing a number of operational initiatives that improved safety, reduced operating costs and increased production before overseeing the sale and subsequent integration of the company to Royal Dutch Shell PLC in February 2016 in a $50 billion transaction.

During his 10 years at Statoil, the company’s market capitalization rose from NOK 189 billion to more than NOK 500 billion under Mr. Lund’s leadership, CD&R said. He also oversaw Statoil’s $30 billion acquisition of Norsk Hydro ASA’s oil and natural-gas division.

“Helge has made a material, positive and lasting impact on the many businesses that he has led,” said CD&R partner David Novak in the statement. “We greatly admire his many accomplishments and look forward to him applying his strong leadership skills, bold strategic thinking and operational acumen to CD&R’s investment activities and our portfolio businesses.”

Founded in 1978 and based in New York and London, Clayton, Dubilier & Rice has managed the investment of $22 billion in 70 companies representing a broad range of industries with an aggregate transaction value of more than $100 billion.

In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...


Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...