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Aker Solutions ASA (AKSOL.OL)

AKSOL.OL on Oslo Stock Exchange

41.99NOK
12 Dec 2017
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Summary

Name Age Since Current Position

Luis Araujo

54 2014 Chief Executive Officer

Anne Drinkwater

61 2015 Deputy Chairman of the Board

Svein Stoknes

2014 Chief Financial Officer

Dean Watson

2016 Chief Operating Officer

Egil Boyum

2016 Executive Vice President Products

David Clark

2016 Executive Vice President Services

Valborg Lundegaard

2016 Executive Vice President Customer Management

Mark Riding

2016 Executive Vice President Strategy

Knut Sandvik

2016 Executive Vice President Projects

Knut Nyborg

2017 Head of Front End

Oyvind Eriksen

53 2014 Chairman of the Board

Oddvar Holland

2017 Director, Employee Representative

Koosum Kalyan

61 2014 Director

Hilde Karlsen

2011 Director, Employee Representative

Kjell Rokke

59 2014 Director

Atle Teigland

60 2004 Director, Employee Representative

Per Olsen

2016 Investor Relations Contact Officer

Biographies

Name Description

Luis Araujo

Mr. Luis Antonio Gomes Araujo has served as Chief Executive Officer at Aker Solutions ASA since July 2014. He was appointed regional president for Aker Solutions in Brazil in November 2011. Mr. Araujo has over 30 years of experience in oil and gas industry, most recently as chief executive officer for Wellstream Brazil, a pipeline products company with a wide range of pipe solutions. He has also had leading positions with ABB Group, Coflexip, Vetco and FMC Technologies. He holds a Bachelor of Engineering degree in Mechanical Engineering from Gama Filho University in Rio de Janeiro, Brazil, and an MBA from Edinburgh University, UK.

Anne Drinkwater

Ms. Anne Drinkwater has served as Deputy Chairman of the Board of Directors of Aker Solutions ASA since 2015. She has been Member of the Board of Directors at the Company since September 29, 2014. Ms. Drinkwater retired from BP in 2012, where she held a number of leadership positions including Group Vice President for North Africa, Azerbaijan, the Middle East and Asia Pacific, President and CEO of BP Canada, President of BP Indonesia and Managing Director of BP Norway. She is Director at Tullow Oil. She holds a Bachelor of Science in applied mathematics and statistics from Brunel University, London.

Svein Stoknes

Mr. Svein Oskar Stoknes has served as Chief Financial Officer at Aker Solutions ASA since September 2014. Mr. Stoknes joined Aker Solutions in 2007 and has served as Senior Vice President and Head of Finance for the Subsea business since 2011. Mr. Stoknes has international experience in finance and M&A. His former employers include Tandberg, Citigroup, Norwegian Trade Council and ABB Group. Mr. Stoknes holds a Master of Business Administration from Columbia Business School in New York and a Master of Science from the Norwegian School of Management.

Dean Watson

Mr. Dean Watson has been Chief Operating Officer at Aker Solutions ASA since September 1, 2016. He has more than 20 years of oil industry experience, much of it in various leadership and operational management positions with Schlumberger. He holds a Bachelor of Engineering in mechanical engineering from the University of Newcastle upon Tyne in England.

Egil Boyum

Mr. Egil Boyum has been Executive Vice President Products at Aker Solutions ASA since November 1, 2016. He has more than 25 years of experience in the oil and gas industry and has held several key positions in Aker Solutions’ subsea business. He graduated from the Norwegian Institute of Technology in Civil Engineering.

David Clark

Mr. David Clark has been Executive Vice President Services at Aker Solutions ASA since November 2016. He has previously been Regional Head of Europe and Africa of Aker Solutions ASA since September 21, 2015. He joined Aker Solutions from Schlumberger where he most recently served as vice president of production facilities. He has more than 30 years of international experience in the oil and gas industry and has also held leadership positions at Wood Group and Technip. He has a degree in electrical and electronic engineering from Strathclyde University in Scotland.

Valborg Lundegaard

Ms. Valborg Lundegaard has served as Executive Vice President Customer Management at Aker Solutions ASA since November 2016. She has previously been Head of Engineering at Aker Solutions ASA since February 2011. She has more than 20 years’ experience from the oil and gas industry and has held a number of key positions in Aker Solutions, including corporate and project management. From 2008, Ms. Lundegaard was president of Aker Engineering and Technology. Ms. Lundegaard holds a degree in chemical engineering from the Norwegian Institute of Science and Technology (NTH).

Mark Riding

Mr. Mark Riding has served as Executive Vice President Strategy at Aker Solutions ASA since November 2016. He has previously served as Chief Strategic Marketing at Aker Solutions ASA. He was appointed EVP of corporate strategic marketing for Aker Solutions in February 2011. Mr. Riding is an oil and gas industry professional with over 30 years’ experience in various senior global management roles and a considerable number of overseas assignments. In his most recent external position, Mr. Riding completed 29 years with Schlumberger. Mr. Riding holds a Bachelor of Science in mining engineering from the University of Birmingham, UK.

Knut Sandvik

Mr. Knut Sandvik has been Executive Vice President Projects at Aker Solutions ASA since November 2016. He has previously been Head of Maintenance, Modifications and Operations at Aker Solutions ASA since April 1, 2015. Mr. Sandvik comes from the position as senior vice president for major subsea projects in Aker Solutions. He has more than 25 years of experience from the offshore industry, including several years in engineering, procurement and construction project management as well as design and concept development. Mr. Sandvik holds a degree in Offshore and Mechanical Engineering from the Heriot-Watt University, Edinburgh, Scotland.

Knut Nyborg

Mr. Knut Nyborg has been Head of Front End at Aker Solutions ASA since May 2017. He joined Aker Solutions more than 25 years ago and has held positions in different parts of the company, including as vice president for power and process, as well as tender manager for the Asgard subsea compression project. Nyborg's experience also includes nearly 10 years of work on topside newbuilds and modification projects. He holds a Master of Science in mechanical engineering degree from NTNU in Norway.

Oyvind Eriksen

Mr. Oyvind Eriksen has served as Chairman of the Board of Directors of Aker Solutions ASA since September 29, 2014. He is President and CEO of Aker ASA. Mr. Eriksen holds a law degree from the University of Oslo, and in 1990, he joined the Norwegian law firm BA-HR. In 1996, he became a partner in the firm, and in 2003, he became a board member and chairman. At BA-HR, Mr. Eriksen worked closely with Aker and Aker’s main shareholder, Kjell Inge Rokke. Eriksen is executive chairman of the board of Aker Kvaerner Holding AS and Aker BP ASA, and board member of several companies, including The Resource Group TRG AS, TRG Holding AS and Reitangruppen AS.

Oddvar Holland

Mr. Oddvar Holland has been Director, Employee Representative at Aker Solutions ASA since 2017. He was elected by the employees of Aker Solutions to the board of directors in April 2017 as deputy for employee-elected director Arild Havik who will be on a leave of absence for the remainder of the election period. He also serves on the board of Aker Pensjonskasse. He has been employed by Aker Solutions since 1986 and has been involved in local union work since 1991. Holland is a sheet metal worker.

Koosum Kalyan

Ms. Koosum Parsotam Kalyan has served as Member of the Board of Directors of Aker Solutions ASA since September 29, 2014. Ms. Kalyan served as a Senior Business Development Manager of African Exploration Oil and Gas of Shell International Exploration from 2000 to 2008. She was the Chief Economist and the GM for Corporate at Shell Southern Africa from 1990 to 1999. Prior to joining Shell, Ms. Kalyan was Senior Economist at the Chamber of Mines of South Africa and was an economist at the Electricity Commission of Victoria Melbourne Australia. Ms. Kalyan graduated in Bcom Law and Honours in Economics at the University of Durban and completed the Senior Executive Management Program at the London Business School and the Leadership Management Program at the Shell Leadership Training Center. Ms. Kalyan has also lectured on the Africa Program at Harvard Business School and Wharton Business School. She serves as non-executive Chairman of EdgoMerap (Pty) Ltd. She currently serves on the following boards as non-executive director: Mobile Telephone Networks Holding (MTN Group Ltd), Standard Bank Group, South African Bank Note Company, Petmin Mining Ltd, and Alternate Director at Hayleys Energy Services (Sri Lanka), and AOS Orwell.

Hilde Karlsen

Ms. Hilde Karlsen has served as Employee Representative on the Board of Directors of Aker Solutions ASA since March 2011. Since 1992, she has held various positions in Aker Solutions and is now specialist engineer in the projects center. Ms. Karlsen was the employees’ representative on the Kvaerner Oil and Gas board from 1993 to 2003. Ms. Karlsen holds a Bachelor of Science in mechanical engineering from Narvik University College.

Kjell Rokke

Mr. Kjell Inge Rokke has served as Member of the Board of Directors of Aker Solutions ASA since September 29, 2014. He is Entrepreneur and industrialist, and Aker ASA’s main owner. He has been a driving force in the development of Aker since the 1990s. Mr. Rokke launched his business career with the purchase of a 69-foot trawler in the United States in 1982, and gradually built a fisheries business, harvesting white fish and processing at sea. In 1996, Mr. Rokke purchased enough shares in Aker ASA to become Aker ASA’s largest shareholder and owns today, together with members of his family, 67.99 per cent of Aker ASA through The Resource Group TRG AS, which he own together with his wife. Rokke is chairman of the board of Aker ASA and a member on the boards of Kvaerner ASA, Aker BP ASA and Ocean Yield ASA.

Atle Teigland

Mr. Atle Teigland has served as Member of the Board of Directors, Employee Representative of Aker Solutions ASA since October 2004. He also served on the boards of Aker ASA, Aker RGI for several years. He has been employed by Aker Solutions since 1978. Mr. Teigland is a certified electrician.

Per Olsen

Basic Compensation

Name Fiscal Year Total

Luis Araujo

12,185,200

Anne Drinkwater

707,500

Svein Stoknes

3,811,400

Dean Watson

2,729,380

Egil Boyum

608,141

David Clark

5,827,550

Valborg Lundegaard

4,476,470

Mark Riding

5,331,830

Knut Sandvik

2,746,520

Knut Nyborg

--

Oyvind Eriksen

600,000

Oddvar Holland

--

Koosum Kalyan

402,500

Hilde Karlsen

170,000

Kjell Rokke

340,000

Atle Teigland

285,000

Per Olsen

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As Of  31 Dec 2016