People: Nordic American Tanker Ltd (NAT)

NAT on New York Consolidated

8.93USD
17 May 2013
Price Change (% chg)

$0.17 (+1.94%)
Prev Close
$8.76
Open
$8.74
Day's High
$8.93
Day's Low
$8.69
Volume
1,003,795
Avg. Vol
1,090,339
52-wk High
$13.88
52-wk Low
$8.15

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Summary

Name Age Since Current Position

Herbjorn Hansson

 65 1995 Chairman of the Board, President, Chief Executive Officer

Andreas Ugland

 58 1997 Independent Vice Chairman of the Board

Turid Sorensen

 52 2012 Chief Financial Officer, Executive Vice President

Paul Hopkins

 65 2005 Director

Jim Kelly

 59 2010 Director

Jan Langangen

 62 2010 Director

Richard Vietor

 67 2007 Director

David Gibbons

 85 1995 Independent Director
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Biographies

Name Description

Herbjorn Hansson

 Mr. Herbjorn Hansson is Chairman of the Board, President, Chief Executive Officer of Nordic American Tanker Shipping Ltd., since July 1995. He earned his M.B.A. at the Norwegian School of Economics and Business Administration and Harvard Business School. In 1974 he was employed by the Norwegian Shipowners' Association. In the period from 1975 to 1980, he was Chief Economist and Research Manager of INTERTANKO, an industry association whose members control about 70% of the world's independently owned tanker fleet, excluding state owned and oil company fleets. During the 1980s, he was Chief Financial Officer of Kosmos/Anders Jahre, at the time one of the Norwegian based shipping and industry groups. In 1989, Mr. Hansson founded Ugland Nordic Shipping AS, or UNS, which became one of the world's owners of specialized shuttle tankers. He served as Chairman in the first phase and as Chief Executive Officer as from 1993 to 2001 when UNS, under his management, was sold to Teekay Shipping Corporation, or Teekay, for an enterprise value of $780.0 million. He continued to work with Teekay, recently as Vice Chairman of Teekay Norway AS, until he started working full-time for the Company on September 1, 2004. Mr. Hansson is the founder and has been Chairman and Chief Executive Officer of the Company since its establishment in 1995. He also has been a member of various governing bodies of companies within shipping, insurance, banking, manufacturing, national/international shipping agencies including classification societies and protection and indemnity associations. Mr. Hansson is fluent in Norwegian and English, and has a command of German and French for conversational purposes.

Andreas Ugland

 Mr. Andreas Ove Ugland is Independent Vice Chairman of the Board of Nordic American Tanker Shipping Ltd., since February 1997. Mr. Ugland has also served as director and Chairman of Ugland International Holding plc, a shipping/transport company listed on the London Stock Exchange; Andreas Ugland & Sons AS, Grimstad, Norway, Høegh Ugland Autoliners AS, Oslo and Buld Associates Inc., Bermuda. Mr. Ugland has spent his whole career in shipping in the Ugland family owned shipping group. Mr. Ugland is Chairman of the company Audit Committee.

Turid Sorensen

 Ms. Turid M. Sorensen is Chief Financial Officer, Executive Vice President of Nordic American Tanker Shipping Ltd. She previously served as Chief Financial Officer from February 6, 2006. Ms. Sørensen has a Bachelor's Degree in Business Administration from the Norwegian School of Management, a M.B.A. in Management Control from the Norwegian School of Economics and Business Administration and Advanced Management Program from Harvard Business School. She has 29 years of experience in the shipping industry. During the period from 1984 to 1987, she worked for Anders Jahre AS and Kosmos AS in Norway and held various positions within accounting and information technology. In the period from 1987 to 1995, Ms. Sørensen was Manager of Accounting and IT for Skaugen PetroTrans Inc., in Houston, Texas. After returning to Norway she was employed by Ugland Nordic Shipping ASA and Teekay Norway AS as Vice President, Accounting. From October 2004 until her appointment as Chief Financial Officer in February 2006, she served as the company Treasurer and Controller. In June 2012, she became EVP& Chief Financial Officer.

Paul Hopkins

 Mr. Paul J. Hopkins is Director of Nordic American Tanker Shipping Limited, since June 2005. Until March 2008, Mr. Hopkins was also a Vice President and a director of Corridor Resources Inc., a Canadian publicly traded exploration and production company. From 1989 through 1993 he served with Lasmo as Project Manager during the start-up of the Cohasset/Panuke oilfield offshore Nova Scotia, the first offshore oil production in Canada. Earlier, Mr. Hopkins served as a consultant on frontier engineering and petroleum economic evaluations in the international oil industry. Mr. Hopkins was seconded to Chevron UK in 1978 to assist with the gas export system for the Ninian Field. Previously, beginning in 1973, he was employed with Ranger Oil (UK) Limited, being involved in the drilling and production testing of oil wells in the North Sea. Through the end of 1972 he worked with Shell Canada as part of its offshore Exploration Group.

Jim Kelly

 Mr. Jim Kelly is Director of Nordic American Tanker Shipping Ltd., since June 2010. Mr Kelly has worked for Time Inc., the world's magazine publisher, since 1978. He served as Foreign Editor during the fall of the Soviet Union and the first Gulf War, and was named Deputy Managing Editor in 1996. In 2001, Mr. Kelly became the magazine's managing editor, and during his tenure the magazine won a record four National Magazine awards. In 2004, Time Magazine received its first EMMA for its contribution to the ABC News Series "Iraq: Where Things Stand." In late 2006, Mr. Kelly became the managing editor of all of Time Inc., helping supervise the work of more than 2,000 journalists working at 125 titles, including Fortune, Money, Sports Illustrated and People. Since 2009, Mr. Kelly has worked as a consultant at Bloomberg LP and taught at Princeton and Columbia Universities. Jim Kelly was elected as member of the company Audit Committee in February, 2012.

Jan Langangen

 Mr. Jan Erik Langangen is Director of Nordic American Tanker Shipping Ltd., since June 2010. Mr. Langangen was the Executive Vice President, Business Development and Legal, of the Manager from November 2004 until September 2010. From October 2010 Mr. Langangen is employed by the Company. Mr. Langangen previously served as the Chief Financial Officer from 1979 to 1983, and as Chairman of the Board from 1987 to 1992, of Statoil, an oil and gas company that is controlled by the Norwegian government and that is the company in Scandinavia. He also served as Chief Executive Officer of UNI Storebrand from 1985 to 1992. Mr. Langangen was also Chairman of the Board of the Norwegian Governmental Value Commission from 1998 to 2001, being appointed by the Norwegian Prime Minister. Mr. Langangen is a partner of Langangen & Helset, a Norwegian law firm and previously was a partner of the law firm Langangen & Engesæth from 1996 to 2000 and of the law firm Thune & Co. from 1994 to 1996. Mr. Langangen received a Masters of Economics from The Norwegian School of Business Administration and his law degree from the University of Oslo.

Richard Vietor

 Mr. Richard H. K. Vietor, Ph.D., is Director of Nordic American Tanker Shipping Limited., since July 2007. Mr. Vietor is the Paul Whiton Cherrington Professor of Business Administration where he teaches courses on the regulation of business and the international political economy. He was appointed Professor in 1984. Before coming to Harvard Business School in 1978, Professor Vietor held faculty appointments at Virginia Polytechnic Institute and the University of Missouri. He received a B.A. in economics from Union College in 1967, an M.A. in history from Hofstra University in 1971, and a Ph.D. from the University of Pittsburgh in 1975.

David Gibbons

 The Honourable Sir. David Gibbons is Independent Director of Nordic American Tanker Shipping Ltd., since September 1995. Sir David served as the Premier of Bermuda from August 1977 to January 1982. Sir David has served as Chairman of The Bank of N.T. Butterfield and Son Limited from 1986 to 1997, Chairman of Colonial Insurance Co. Ltd. since 1986 and as Chief Executive Officer of Edmund Gibbons Ltd. since 1954. Sir David Gibbons is a member of the company Audit Committee.

Basic Compensation

Name Fiscal Year Total

Herbjorn Hansson

 --

Andreas Ugland

 --

Turid Sorensen

 --

Paul Hopkins

 --

Jim Kelly

 --

Jan Langangen

 --

Richard Vietor

 --

David Gibbons

 --
As Of 

Options Compensation

Name Options Value

Herbjorn Hansson

 0 0

Andreas Ugland

 0 0

Turid Sorensen

 0 0

Paul Hopkins

 0 0

Jim Kelly

 0 0

Jan Langangen

 0 0

Richard Vietor

 0 0

David Gibbons

 0 0

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