Former Statoil chief takes helm after shareholder revolt over pay and week after exploration firm reports $5bn loss in fourth quarter following oil price fall

The new boss of oil and gas exploration firm BG Group has started three weeks early, days after the company took a multibillion-pound hit from the plunge in oil prices.

Helge Lund, who is joining after a decade at Norwegian energy company Statoil, took charge on Monday after BG sidestepped the threat of a shareholder revolt over his pay package.

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