After Olav Fjell withdrew as CEO of Statoil in 2004, Lund took over his position and retained after Statoil merged with the oil & gas division of Norsk Hydro in 2007 to create StatoilHydro.
The uncovering of the corruption scandal also led to the resignation of Statoil Chairman Leif Terje Løddesøl, Statoil CEO Olav Fjell and Director for international operations Richard John Hubbard.
Order of St. Olav | Olav V of Norway | Stein Olav Hestad | Olav Engelbrektsson | St. Olav | Olav Jørgen Hegge | Olav H. Hauge | Olav Fjell | Olav Duun | Olav Dale | Olav Akselsen | Nils-Olav Johansen | Johann Olav Koss | HNoMS Olav Tryggvason | St. Olav's Cathedral in Oslo | Prince Olav Harbour | Olav Stedje | Olav Skjevesland | Olav Hammer | Olav Gjærevoll | Olav Fykse Tveit | Olav Djupvik | Olav Bjortomt | Martin Olav Sabo Bridge | Kai Fjell | HNoMS ''Olav Tryggvason'' | Hans Olav Østgaard | Hans Olav Lahlum |