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Petroleum Geo Services ASA (PGS.OL)

PGS.OL on Oslo Stock Exchange

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21 Jul 2017
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Summary

Name Age Since Current Position

Walter Qvam

64 2016 Independent Chairman of the Board

Jon Reinhardsen

61 2008 President, Chief Executive Officer

Daniel Piette

2016 Independent Vice Chairman of the Board

Gottfred Langseth

51 2004 Chief Financial Officer, Executive Vice President

Per Reksnes

60 2014 Executive Vice President, Operations

Rune Pedersen

Executive Vice President, General Counsel

Guillaume Cambois

53 2010 Executive Vice President, Imaging and Engineering

Magne Reiersgard

56 2014 Executive Vice President, Marine Contract

Sverre Strandenes

61 2010 Executive Vice President, MultiClient

Terje Bjolseth

Senior Vice President, Global Human Resources

Joanna Oustad

Senior Vice President, Health, Safety, Environment & Quality

Morten Borge

2015 Director

Espen Grimstad

2015 Director, Employee Representative

Richard Herbert

2017 Director

Hege Renshus

2017 Director, Employee Representative

Anette Valbo

2015 Director, Employee Representative

Carol Bell

59 2009 Independent Director

Anne Dalane

57 2015 Independent Director

Holly Van Deursen

58 2006 Independent Director

Biographies

Name Description

Walter Qvam

Mr. Walter Qvam has been Independent Chairman of the Board of Directors of Petroleum Geo-Services ASA since May 11, 2016. He has been Independent Director since December 31, 2015. Previously, he was Member of the Board at the Company from November 21, 2013 until December 31, 2015. He was President and Chief Executive Officer of Kongsberg Group ASA until June 6, 2016. He has previously held leading positions in various prominent Norwegian and international businesses in a variety of fields, including oil & gas, shipping (DNV - Det Norske Veritas), IT (Capgemini), transportation (the Norwegian State Railway) and consultancy (Gemini Consulting). Mr. Qvam graduated Master of Science (M.Sc.) from the Norwegian University of Science and Technology (1979), and has also studied at INSEAD in Singapore (1985). He is Chairperson of the Council of Det Norske Veritas, Chairperson of the Board in the leading research institution SINTEF and DIGITALNORWAY - Toppindustrisenteret, among others.

Jon Reinhardsen

Mr. Jon Erik Reinhardsen no longer serves as President and Chief Executive Officer of Petroleum Geo-Services ASA effective as of August 31, 2017. He has held the position since April 2008. Prior to heading PGS, he was Alcoa’s President, Global Primary Products Growth. At Alcoa, he was responsible for developing and implementing major primary metals and refining growth opportunities for the company worldwide. Mr. Reinhardsen joined Alcoa from Norway-based Aker Solutions ASA, an international engineering and construction contractor for the oil, gas, chemicals, petrochemicals, mining, and metal processing industries. As Group Executive Vice President for Aker Solutions based in Houston, Texas, he was responsible for all non-European contracting operations and product businesses worldwide. Earlier in his career, Mr. Reinhardsen led Aker Maritime ASA’s Global Products business and was engaged in merger and acquisition activities, new business development, marketing and sales, and investor relations. He also led Aker ASA’s seismic venture Aker Geo that was later sold to CGG. In June 2009, Mr. Reinhardsen was elected to the board of directors of Cameron. He is also a member of the board of directors of Oceaneering International, Inc., Borregaard ASA, Telenor ASA and Awilhelmsen Management AS. He has also served on the boards of Cameron Int. Corp, Hoegh Autoliners AS and Hoegh LNG Holdings Ltd. Mr. Reinhardsen earned a Master’s degree in Applied Mathematics and Geophysics from the University of Bergen, Norway. He completed the International Executive Program of the Institute for Management Development (IMD) in Lausanne, Switzerland in 1991.

Daniel Piette

Mr. Daniel J. (Dan) Piette has served as Independent Vice Chairman of the Board of Petroleum Geo-Services ASA since 2016. He has been Independent Director of the Company since 2007. He also serves as Member of the Company's Audit Committee. He also serves as is Board Member of Headwave, Inc, and serves on the Board of Visitors for the University of Wisconsin – Madison School of Geological Engineering and of Bike Houston. Mr. Piette acts as an advisor to Blueware and Deep Imaging Technologies. Until January of 2013, Mr. Piette was the President, CEO, and Chairman of TerraSpark Geoscienses, Inc. He was also President, CEO and Board Member of Object Reservoir. Before that, he served as President and Chief Executive Officer of OpenSpirit Corporation from 2003 to 2011. His other executive positions within the Oil and Gas industry include Business Unit Manager for Land Acquisition Systems Group at Input/Output, President and CEO of Bell Geospace, and Vice President and General Manager of the Asia Pacific region for Landmark Graphics. Mr. Piette holds a Bachelor of Science degree with honors in Mining Engineering from the University of Wisconsin in Madison (1980).

Gottfred Langseth

Mr. Gottfred Langseth has served as Executive Vice President and Chief Financial Officer (CFO) of Petroleum Geo-Services ASA since January 1, 2004. He joined the Company in November 2003. He was Chief Financial Officer of the information technology company Ementor ASA from 2000 to 2003. Mr. Langseth was Senior Vice President of Finance and Control at the offshore engineering and construction company Aker Maritime ASA from 1997 to 2000. He worked at Arthur Andersen Norway from 1991 to 1997. Mr. Langseth was certified as a Norwegian state-authorized public accountant in 1993 and holds a Master of Business Administration degree from the Norwegian School of Economics and Business Administration.

Per Reksnes

Mr. Per Arild Reksnes has served as Executive Vice President, Operations at Petroleum Geo-Services ASA (PGS) since 2014. He was promoted to Executive Vice President in April 2010, initially to run PGS’ New Ventures business area then responsible for Marine Contract and subsequently Operations. From 2007–2010, he was PGS Marine’s President, EAME (Europe, Africa, Middle East) and CIS. His job titles at PGS have included President for Geoscience and Engineering, President for Technology, Vice President for Profiling and Marketing, and Vice President, Technical Marketing. Per Arild Reksnes joined PGS in 2001 from his position as Chief Professional Geophysics at Norsk Hydro. During his 16 years at Norsk Hydro, he held several geophysics and management positions. Mr. Reksnes holds a Master's degree in Applied Geophysics from the University of Oslo and a Master's degree in Technology Management from MIT/NTH (Norwegian University of Science and Technology).

Rune Pedersen

Mr. Rune Olav Pedersen serves as Executive Vice President and General Counsel at Petroleum Geo-Services ASA. Mr. Pedersen joined PGS in October 2010 as General Counsel. In September 2014 he also became responsible for Group Communication, Strategic Customer Relations and Marketing, and his responsibilities were further expanded in September 2015 to include Corporate Development. Prior to joining PGS, Mr. Pedersen was, for more than four years, a partner in the law firm Arntzen de Besche and previous to that Lawyer and Associate in the same firm. He started his career as a Junior Research Fellow at the University of Oslo, and has also served as a Deputy Judge in a District Court of Norway. Mr. Pedersen is a non-executive Director of Azimuth Ltd, and deputy non-executive Director of the Norwegian Shipowners’ Mutual War Risk Insurance Association. Mr. Pedersen earned his Law Degree from the University of Oslo, and enhanced his expertise within European competition law with a post graduate diploma from Kings College London. In 2014 Mr. Pedersen earned an Executive MBA from London Business School.

Guillaume Cambois

Mr. Guillaume Cambois has served as Executive Vice President, Imaging and Engineering at Petroleum Geo-Services ASA (PGS) since May 2010. He joined the Company in 2007 as Senior Advisor for Spearheading Deployment at PGS’ GeoStreamer Technology. He took over as Marine Contract President, Asia-Pacific in March 2009 and in May 2010 advanced to Executive Vice President, Imaging and Engineering. During a 20-year career at the geophysical services company CGG prior to joining PGS, Guillaume Cambois held various executive management posts, such as Executive Vice President, Data Processing and Chief Technology Officer. An active member of the Society of Exploration Geophysicists, he was the Society’s Vice President in 2007/2008 and Director at Large from 2013 till 2016. Mr. Cambois received his Ph.D. in Geophysics from the University of Texas at Austin.

Magne Reiersgard

Mr. Magne A. Reiersgard has served as Executive Vice President, Marine Contract at Petroleum Geo-Services ASA since November 2014. He was Executive Vice President, Operations at the Company from April 2010 until November 2014. He joined PGS at its inception in 1990/91 and has held a number of key executive positions in the PGS Group. His prior management roles at PGS include President, Marine Geophysical NSA Region, based in Houston; President, Marine Geophysical Asia Pacific Region, head-quartered in Singapore; and Vice President, Marine Acquisition. Prior to joining PGS, he held various management positions in the survey division of Geoteam AS. Currently on the Board of Directors of IAGC (International Association of Geophysical Contractors), he is also a board member of the not-for-profit Society of Exploration Geophysics (SEG) Foundation. Mr. Reiersgaard holds an electronics degree from Agder University College, Grimstad, Norway, and a business degree from BI Norwegian School of Management.

Sverre Strandenes

Mr. Sverre Strandenes has served as Executive Vice President, MultiClient at Petroleum Geo-Services ASA since May 1, 2010. Previously, he was Group President for Data Processing and Technology at the Company from November 2006. He also held several senior PGS management positions, including President, Marine Geophysical EAME Region (Europe, Africa, and Middle East). Prior to joining PGS in 1995, Mr. Strandenes was the Geosciences department manager at Norsk Hydro Research Center. During his 14 years at Norsk Hydro he held several geophysics and management positions. Mr. Strandenes is a Board Member of Azimuth Ltd, and Chairman of the Board of Norsar. Mr. Sverre Strandenes was awarded a Master of Science degree (Cand. Real) from the University of Bergen in 1981.

Terje Bjolseth

Joanna Oustad

Morten Borge

Mr. Morten Borge has been Director at Petroleum Geo-Services ASA since May 13, 2015. He has been appointed CEO of Ferd effective as of August 1, 2017. He is also Remuneration and Corporate Governance Committee Member at the Company. He has been Investment Director & co-head of Ferd Capital, where he has been responsible for the overall concept and execution of strategy. He has previously been CFO in Interwell AS and held various positions within the audit company PwC. He currently serves as Board Member for Aibel AS, Interwell AS and Servi Group AS. He holds a Master of Science (M.Sc.) in Finance from the Norwegian School of Management where he also qualified as a Certified Public Accountant.

Espen Grimstad

Mr. Espen Grimstad has been Director, Employee Representative of Petroleum Geo-Services ASA since April 23, 2015. Espen Grimstad is Senior Navigation Supervisor in PGS Operations business area and has worked for PGS since 2001. He is also Remuneration and Corporate Governance Committee Member at the Company. After 10 years offshore, working with navigation, he joined Operations Technical Support at PGS headquarters. Mr. Grimstad holds a Master of Science (M.Sc.) in Geomatics from the Norwegian University of Life Science at As and the University of Glasgow. In addition to his board membership, he is the employee representative of PGS Tekna.

Richard Herbert

Mr. Richard Herbert has been Director of Petroleum Geo-Services ASA since May 10, 2017. Mr. Herbert is a petroleum geologist who has worked in the global upstream industry for more than 36 years. He started his career with Phillips Petroleum and then spent 19 years with BP working on international exploration and development projects with senior positions in Thailand, Mexico, USA, Colombia, and Angola as well as the UK North Sea. From 2003-2008 he worked for TNK-BP in Russia, first as Exploration Vice-President and subsequently as Executive Vice President of Technology. He then joined Talisman Energy in Calgary, Canada as Exploration Vice President before returning to BP in 2013 to join the upstream executive team as Chief Operating Officer, Exploration. Richard Herbert retired from BP at the end of 2016 and now works as an independent advisor. He holds a BSc in Geology from the University of Bristol in the UK.

Hege Renshus

Ms. Hege Renshus has been Director, Employee Representative at Petroleum Geo-Services ASA since 2017. Ms. Renshus is Senior Navigation Specialist in PGS Operations business area. She joined PGS in 1995, initially working offshore as a seismic navigator and subsequently in Oslo office, in various technical and management positions within operations. Ms. Renshus holds a M.Sc. in Engineering from the Norwegian University of Science and Technology.

Anette Valbo

Ms. Anette Valbo has been Director, Employee Representative at Petroleum Geo-Services ASA since April 23, 2015. Anette Valbo joined PGS in 2002. She is also Member of the Company Audit Committee. Her current position is Business Controller, Marine Contract. She has previously held similar positions within Company’s Operations business. Prior joining PGS, Ms. Valbo served in various positions within auditing and accounting in Frontline Ltd and DNB. Anette Valbo holds a bachelor degree in accounting and auditing from Molde University College, Norway.

Carol Bell

Dr. Carol Bell has served as Independent Member of the Board of Directors of Petroleum Geo-Services ASA since 2009. She is also Member of the Company's Audit Committee. Dr. Bell has over 35 years of experience in the Energy industry, with particular emphasis on Investment and Financing in the Oil and Gas sectors. She is Non-Executive Director of Ophir Energy plc and the BlackRock Commodities Investment Trust plc (both listed in London), Bonheur ASA and Tharisa plc. She is also a director of Finance Wales (the Venture Capital arm of the Welsh Government). In the past she held senior positions in Investment Banking, including Managing Director of the Global Oil and Gas Group at Chase Manhattan Bank, Head of the European Equity Research at JPMorgan, and Global Head of its Oil and Gas Equity Research Team. She began her career in Corporate Planning and Development with RT Z Oil and Gas, and later worked at Charterhouse Petroleum plc. She was awarded a Ph.D. in May 2005 for her research on the evolution of economic and trade relations in the Ancient Eastern Mediterranean across the Late Bronze/Iron Age transition, and in 2006 published a book on this subject. She was educated as Scientist, earning a Master of Arts degree in Biochemistry from Cambridge University, a Bachelor of Arts degree in Geology from the Open University, and a Doctorate of Philosophy degree in Archaeology from University College London in 2005.

Anne Dalane

Ms. Anne Grethe Dalane has been Independent Member of the Board of Directors of Petroleum Geo-Services ASA since December 31, 2015. Previously, she was Member of the Board of Directors at the Company from November 21, 2013 until December 31, 2015. She is Chairperson of the Audit Committee of the Company. She is a senior executive at Yara International and previously held a number of senior positions at Norsk Hydro. She is currently Chief Financial Officer Crop Nutrition at Yara International. Her previous experience covers a range of fields including HR as well as oil and gas. She has been Region Director Latin America and Country Manager of Argentina. Ms. Dalane's background is in economics and she holds a business degree from the Norwegian School of Economics NHH.

Holly Van Deursen

Ms. Holly A. Van Deursen has served as Independent Member of the Board of Directors at Petroleum Geo-Services ASA since June 2006. She is also Chairperson at the Company's Remuneration and Corporate Governance Committee. Ms. Van Deursen holds Non-Executive Director positions with Petroleum Geo-Services, Bemis Company, Inc., Actuant Corporation, Capstone Turbine Corporation and Anson Industries, Inc. Formerly she served on BP plc’s Top-Forty Executive Team as Group Vice President for Petrochemicals from 2003 to 2005, and as Group Vice President for Strategy from 2001 to 2003. Prior to this, she held a variety of senior positions within BP and Amoco in Chicago, London, and Hong Kong. She served on the Boards of Directors of the American Chemistry Council and Amoco’s joint ventures in Korea, Taiwan, and Japan. Ms. Van Deursen holds a Bachelor of Science degree in Chemical Engineering from the University of Kansas and a Master of Business Administration degree from the University of Michigan.