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Akastor ASA (AKAS.OL)

AKAS.OL on Oslo Stock Exchange

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15 Dec 2017
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Summary

Name Age Since Current Position

Frank Reite

47 2015 Chairman of the Board

Kristian Monsen Rokke

34 2015 Chief Executive Officer

Lone Fonss Schroder

57 Deputy Chairman of the Board

Leif Borge

54 Chief Financial Officer

Paal Johnsen

2015 Executive Vice President - Investment Director

Karl Kjelstad

51 2014 Executive Vice President - Investment Director

Oyvind Eriksen

53 2015 Director

Asbjorn Michailoff Pettersen

2014 Director, Employee Representative

Kathryn Moore Baker

53 2014 Director

Sarah Ryan

2012 Director

Stian Sjolund

2016 Director, Employee Representative

Jannicke Sommer-Ekelund

2014 Director, Employee Representative

Tore Langballe

2014 Head of Communication and Investor Relations

Biographies

Name Description

Frank Reite

Mr. Frank Ove Reite has been Chairman of the Board of Akastor ASA since September 28, 2015. He no longer serves as President & Chief Executive Officer of the Company, effective as of August 10, 2015. He joined Akastor from the Norwegian investment management and advisory firm Converto which he cofounded in 2009 and where he was managing partner. Mr. Reite has earlier held a variety of executive positions in the Aker group, including overseeing and developing Aker investments in Converto Capital Fund AS, Havfisk ASA, Norway Seafoods Group AS and Aker Yards ASA. He first joined Aker in 1995 and Became Chief Financial Officer in Aker ASA in August 2015. Mr. Reite also has experience from the banking industry and served as Operating Director at Paine & Partners, a New York-based private equity firm. Mr. Reite has been Chairman of Havfisk ASA. He holds a B.A. in business administration from Handelshoyskolen BI.

Kristian Monsen Rokke

Mr. Kristian Monsen Rokke no longer serves as Chief Executive Officer of Akastor ASA effective as of January 1, 2018. He has held the position since August 10, 2015. He has experience in offshore service and shipbuilding from several companies in the Aker group. He has spent the past eight years at Aker Philadelphia Shipyard, most recently as Chairman of the Board and previously as President & Chief Executive Officer. Before then, he served as SVP Operations and has held other production management positions at AKPS. He has been Chairman of Aker Philadelphia Shipyard ASA and Board Member of TRG Holding AS, American Shipping Company ASA and Philly Tankers AS. He holds an MBA from The Wharton School, University of Pennsylvania.

Lone Fonss Schroder

Ms. Lone Fonss Schroder is Deputy Chairman of the Board of Directors of Akastor ASA (previously known as Aker Solutions ASA). She is Chairman of the Audit Committee at the Company. She has been Director of the Company since 2009. She has a law degree from the University of Copenhagen and a Master of Economics from Copenhagen Business School. She has broad international experience acquired during years in senior management, including board positions at A.P. Moeller-Maersk A/S. She has served as director and chairperson for the audit committee at Volvo PV and Valmet Oy, as well as Chairman of Saxo Bank A/S in Denmark and senior advisor for Credit Suisse in London.

Leif Borge

Mr. Leif Hejo Borge serves as Chief Financial Officer (CFO) of Akastor ASA. Before that, he was President and Chief Executive Officer of Aker Solutions which he joined in 2008. Previously he was CFO of Aker Yards ASA (2002-2008), after serving as CFO of Zenitel NV, Stento ASA and Vitana, a subsidiary of Rieber & Son ASA in the Czech Republic. Mr. Borge is a graduate of the Pacific Lutheran University in Washington State.

Paal Johnsen

Mr. Paal Espen Johnsen has been Executive Vice President - Investment Director at AKASTOR ASA since 2015. He joined Akastor from a senior position within Investment Banking at DNB Bank ASA. From 2009 to 2014, he was Chief Executive Officer of an investment company and held several board position in both public and private companies across several industries. From 1996 to 2008, he held several executive positions in Carnegie Investment Banking, both on equity research and investment banking. Mr. Johnsen holds a Master of Science (MSc) in Economics and Business Administration from Norwegian School of Economics.

Karl Kjelstad

Mr. Karl Erik Kjelstad has been appointed Chief Executive Officer at Akastor ASA effective as of January 1, 2018. He no longer serves as Executive Vice President - Investment Director at Akastor ASA. He has held the position since 2014. He was previously Executive Vice President, Head of Oilfield Services and Marine Assets from July 2009 until 2014 and Director of the Company from 2006 until April 2008. He tad has held a variety of executive positions in the Aker group which he joined in 1998. He was EVP at Aker Solutions from 2009 and earlier served as Senior Partner and President of Maritime Technologies at Aker ASA. He was President and Chief Executive Officer of Aker Yards ASA in 2003-2007. Before joining Aker, Mr. Kjelstad was senior consultant at PA Consulting Group and in 1992-1996 held various management positions at the TTS Group. Mr. Kjelstad holds a Master of Science in marine engineering from the Norwegian University of Science and Technology (NTNU).

Oyvind Eriksen

Mr. Oyvind Eriksen has been Director at Akastor ASA (previously known as Aker Solutions ASA) since September 28, 2015. Before that, he has been Chairman of the Board since July 1, 2014. Before that, he has been Executive Chairman of the Board since 2009. He joined Aker ASA in January 2009. Mr. Eriksen holds a law degree from the University of Oslo. He joined the Norwegian law firm BA-HR in 1990, where he became a partner in 1996 and a director/chairman in 2003. Mr. Eriksen has been Chairman of the Board of Aker Solution ASA and Aker Kvaerner Holding AS and Board Member of several companies, including The Resource Group TRG AS, TRG Holding AS and Reitangruppen AS.

Asbjorn Michailoff Pettersen

Mr. Asbjorn Michailoff Pettersen has been Director and Employee Representative at AKASTOR ASA since 2014. He is Member of the Audit Committee at the Company. He currently works as Package Responsible Engineer in global projects at MHWirth. He began his career with the Aker group in 1983 when he joined Aker Engineering where he held various positions until 1997. He joined Aker MH in 2007 after engagements with ABB Environment, including as project leader for one of the first steam power plants in the Norwegian sector of the North Sea, and at GE Healthcare’s Lindesnes plant. Mr. Pettersen holds a Bachelor of Science in mechanical engineering from Trondheim College of Engineering.

Kathryn Moore Baker

Ms. Kathryn Moore Baker has been Director of AKASTOR ASA since 2014. She is Member of the Audit Committee at the Company. She currently serves on the Executive Board of the Central Bank of Norway (Norges Bank), where she is also a member of the audit and ownership committees. Other current board positions include Chairman of Catena Media Plc and Navamedic, and Board Member of Sevan Marine and DOF. She also serves on the European Advisory Boards of the Tuck School of Business and DLA Piper Norway and leads the Ethics Committee of the Norwegian Private Equity and Venture Capital Association (NVCA), where she previously served as Chairman. She was a partner at the Norwegian private equity firm Reiten & Co for 15 years. Prior to that, she was a management consultant at McKinsey and Company in Oslo and a financial analyst at Morgan Stanley in New York. She holds a bachelor degree in Economics from Wellesley College and an MBA from the Amos Tuck School of Business at Dartmouth College.

Sarah Ryan

Dr. Sarah Elisabeth Ryan, Ph.D., has been Member of the Board of Directors of Akastor ASA (previously known as Aker Solutions ASA) since April 13, 2012. She is a non-executive director of Woodside Petroleum and Vautron Pty Ltd and Energy Advisor to Earnest Partners, an investment management firm and she was previously a non-executive director of Aker Solutions. She was investment director and equity analyst with Earnest Partners, and previous to that held various senior management, technical and operational roles during her 15 years with Schlumberger. She holds a BSc in geology from the University of Melbourne, a BSc (Hons) in geophysics and a Ph.D. in petroleum geology and geophysics from the University of Adelaide.

Stian Sjolund

Mr. Stian Sjolund has been Director and Employee Representative of AKASTOR ASA since 2016. He currently works as Performance Optimization Engineer at MHWirth AS. He joined the Company in 1998 as an Engineer in Drilling Lifecycle Services department. He has since then held various positions in the company in Norway and abroad.

Jannicke Sommer-Ekelund

Ms. Jannicke Sommer-Ekelund has been Director and Employee Representative of AKASTOR ASA since 2014. She is Senior Consultant and Lead Auditor for supply chain support at MHWirth. Ms. Sommer-Ekelund joined Aker Solutions in 2006 and worked as a senior consultant in procurement until 2012 when she moved to her current role. Her background is from mechanical engineering, fabrication and supply chain in marine industry, onshore and offshore. She was a crew member on board the MT/ Polytrader in 1980 when the second cargo from the Statfjord A loading buoy was picked up and delivered to Mongstad.

Tore Langballe

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