bod 250 erling overland

Erling Øverland (1952)

Mr. Øverland holds a Master Degree from the Norwegian School of Economics and Business Administration (NHH) in Bergen. He has extensive and broad experience from the oil and gas industry. He served Statoil for more than 30 years within the areas of finance, accounting, trading, retail and marketing, shipping and business development. Mr. Øverland had several corporate leadership positions in Statoil including five years as CFO and a number of years as EVP for downstream operations. He was acting CEO of Statoil ASA in 2004. Erling Øverland was elected president and chairman of the Confederation of Norwegian Enterprise (NHO) from 2004 – 2008. Erling Øverland has wide board experience and is presently chairman of Næringslivets NOx-Fond. Previous board memberships include PCI Biotech Holding ASA (chairman), Sparebank 1 SR-Bank ASA, University of Stavanger, SINTEF, Hafslund, Norges Varemesse, Sparebank 1 Livsforsikring and head of the Control Committee of Det norske Veritas. Erling Øverland is a Norwegian citizen with residence in Stavanger, Norway. He is married and has three children.

Number of shares: 0   Number of share options: 0




bod 250 peter lytzen2

Peter Lytzen (1957)
Board member

Mr. Lytzen holds a BsC in Mechanical Engineering from Danish Technical University. Mr. Lytzen is CEO Teekay Petrojarl (a part of Teekay Corporation). He joined Teekay Petrojarl as President and Chief Executive Officer in 2007. Mr. Lytzen’s experience includes over 30 years in the oil and gas industry and he joined Teekay Petrojarl from Maersk Contractors, where he most recently served as Vice President of Production. In that role, he held overall responsibility for Maersk Contractors’ technical tendering, construction and operation of FPSO and other offshore production solutions. He first joined Maersk in 1987 and held progressively responsible positions throughout the organization. His international experience spans positions in the Far East and Europe. Mr. Lytzen is a Danish citizen residing in Copenhagen, Denmark.

Number of shares: 0  Number of share options: 0




bod 250 ingvild saether2

Ingvild Sæther (1968)
Board member

Ms. Sæther holds an Executive MBA in Shipping Management and has attended management courses at the London School of Economics, Wharton School of the University of Pennsylvania and Harvard University. Ms. Sæther has more than 20 years of experience in the shipping and offshore industry. She joined Teekay in 2002 as a result of Teekay’s acquisition of Navion AS from Statoil ASA. Ms. Sæther held various management positions in Teekay’s conventional tanker business until 2007, when she assumed the commercial responsibility for Teekay’s shuttle tanker activities in the North Sea. In this role she managed the growth of Teekay’s shuttle fleet. In 2011, Ms. Sæther was appointed the position of President, Teekay Shuttle and Offshore Services with a responsibility for the global activity within this business area. Ms. Sæther also serves as a director of Norwegian Oil and Gas Association, and is active in several other industry boards and associations. Ms. Sæther is a Norwegian citizen with residence in Stavanger, Norway.

Number of shares: 0   Number of share options: 0



bod 250 kjetil sjursen2

Kjetil Sjursen (1973)
Board member

Mr. Sjursen holds a MSc (Master of Science) in Economics and Business Administration “Siviløkonom” from NHH. Mr. Sjursen currently runs his own investment and advisory business. Mr. Sjursen has worked for nearly two decades in Investment Banking within Pareto Securities AS in Oslo, both in International Institutional Sales and Corporate Finance, where he has been working on numerous transactions in the oil and oil service industry. Mr. Sjursen is on the Board of several Norwegian private companies. Mr. Sjursen is a Norwegian citizen with residence in Oslo, Norway.

Number of shares: 50,000   Number of share options: 0

bod 250 kathryn baker

Kathryn M. Baker (1964)
Board member

Ms. Baker holds an MBA from the Amos Tuck School of Business at Dartmouth College and a Bachelor of Arts in Economics from Wellesley College. Ms. Baker was a senior partner for 15 years in Reiten & Co, a leading Nordic private equity firm with focus on the mid-cap sector. Prior to that, she was a management consultant at McKinsey & Company in Oslo for 6 years and a financial analyst at Morgan Stanley in the late 1980s. Ms. Baker has significant experience in working through a board position to achieve greater shareholder value and build strong companies.  She has served on numerous boards covering a broad range of industries (e.g. oil & gas, ITC, shipping, financial services). Currently, Ms Baker serves on the boards of Norges Bank (the Central Bank of Norway) Akastor ASA, and is Chairman of Agasti Holding ASA and Catena Media plc. Previous board positions include Moss Maritime AS, BW Gas ASA and Bertel O. Steen Invest AS. Ms. Baker is an American citizen with residence in Oslo, Norway.

Number of shares:   10,000                Number of share options: 0
bod 250 ann kristin lovland

Ann-Kristin Nielsen Løvland (1965)
Employee representative of the Board

Ms Løvland has a degree in English and business from University of Cambridge; she was employed in Sevan Marine in 2006 and is lead for the document control department. Løvland has experience from the Oil and gas industry for more than 20 years in different areas. She has also experience from computerized business like sale, marketing, developing and as course/education instructor. Ms Løvland is a Norwegian citizen with residence in Grimstad.

Number of shares:                               Number of share options:




bod 250 vidar andersen

Vidar Andersen (1955)
Employee representative of the Board

Mr. Andersen holds a MSc in Mechanical Engineering from University of Trondheim (NTH/NTNU).
He has a long experience in the oil & gas and marine industry, worked for Aker Engineering on Gullfaks, Sleipner and Troll projects, was project department manager in Kværner Process Systems, worked in FMC Energy Systems with subsea processing, and was project manager in Hamworthy Gas Systems for equipment to LPG ships. He joined Sevan Marine in 2008. Mr. Andersen is a Norwegian citizen with residence in Bærum, Norway

Number of shares:     1,464               Number of share options:     0

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