Edition:
United Kingdom

Akastor ASA (AKAS.OL)

AKAS.OL on Oslo Stock Exchange

12.36NOK
3:25pm GMT
Change (% chg)

kr-0.20 (-1.59%)
Prev Close
kr12.56
Open
kr12.56
Day's High
kr12.56
Day's Low
kr12.28
Volume
58,890
Avg. Vol
112,658
52-wk High
kr19.86
52-wk Low
kr12.02

Summary

Name Age Since Current Position

Kristian Monsen Rokke

35 2018 Chairman of the Board

Karl Kjelstad

52 2018 Chief Executive Officer

Lone Fonss Schroder

58 Deputy Chairman of the Board

Leif Borge

55 2017 Chief Financial Officer

Paal Johnsen

2015 Executive Vice President - Investment Director

Oyvind Eriksen

54 2015 Director

Henning Jensen

2017 Director, Employee Representative

Kathryn Moore Baker

54 2014 Director

Sarah Ryan

2012 Director

Stian Sjolund

2016 Director, Employee Representative

Biographies

Name Description

Kristian Monsen Rokke

Mr. Kristian Monsen Rokke has been Chairman of the Board of Akastor ASA since April 6, 2018. He 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.

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 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) and AMP from Harvard Business School.

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 experience from CEO and Senior Management positions at A.P. Moeller-Maersk A/S. She is Executive Director of Geely Financials Denmark, Director and Chairperson for the audit committee at Volvo Cars and Valmet Oy and Director of Ikea Group.

Leif Borge

Mr. Leif Hejo Borge serves as Chief Financial Officer (CFO) of Akastor ASA. Before that, he was CFO of Aker Solutions (2008-2014). Previously he was CFO of Aker Yards ASA (2002-2008), after serving as CFO of Dtento ASA / Zenitel NV (1998-2001) and CFO of Vitana, a subsidiary of Rieber & Son ASA in the Czech Republic, from 1994 till 1997. Before that, he was Financial Manager in Union Bank of Norway. Mr. Borge holds MBA from 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 Master of Science (MSc) in Economics and Business Administration from Norwegian School of Economics.

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 is Chairman of the Board of Aker BP, 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.

Henning Jensen

Mr. Henning Jensen has been Director, Employee Representative of AKASTOR ASA since 2017. Henning Jensen currently works as a specialist engineer in project control department at MHWirth AS. Mr. Jensen joined MHWirth in 2005. He has since then held various positions in the company. Mr. Jensen holds a bachelor degree in Marine Technology and a Master in Industrial Economy and Technology from Agder University College in Grimstad.

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 has over 30 years of business experience in a range of industries and roles. 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 risk and investment 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 has 30 years of experience in the global oil & gas and oilfield services industries. She is a non-executive director of Woodside Petroleum, where she is also member of the audit and risk and sustainability committees. Other current board positions include Central Petroleum and Kinetic Energy Services, and previous board positions include Aker Solutions and Vautron. Dr. Ryan also serves as chair of the Advisory Board of Unearthed Solutions and is a Fellow of the Australian Academy of Technological Sciences and Engineering. She was energy advisor, 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, 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.

Basic Compensation

Name Fiscal Year Total

Kristian Monsen Rokke

6,394,790

Karl Kjelstad

7,072,290

Lone Fonss Schroder

645,000

Leif Borge

6,800,690

Paal Johnsen

5,584,830

Oyvind Eriksen

340,000

Henning Jensen

142,500

Kathryn Moore Baker

455,000

Sarah Ryan

432,536

Stian Sjolund

170,000
As Of  31 Dec 2017