Kvaerner, the international engineering and construction Group, have announced the appointment of Helge Lund (39) as its new President & CEO. Mr Lund succeeds Kristian Siem who has held the position during a transitional period from the beginning of November. Mr Lund, who was appointed to the Board of Kvaerner on 29 November 2001, will take up his position on 1 January 2002.