People: REC Silicon ASA (REC.OL)

REC.OL on Oslo Stock Exchange

2.60NOK
22 Oct 2014
Price Change (% chg)

kr0.09 (+3.51%)
Prev Close
kr2.51
Open
kr2.56
Day's High
kr2.63
Day's Low
kr2.42
Volume
38,142,415
Avg. Vol
31,126,976
52-wk High
kr5.00
52-wk Low
kr1.90

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Summary

Name Age Since Current Position

Jens Ulltveit-Moe

72 2013 Chairman of the Board

Tore Torvund

62 2013 President, Chief Executive Officer

James May

2013 Chief Financial Officer

Inger Berg Orstavik

2013 Director

Espen Klitzing

51 2013 Director

Erik Lokke-Owre

53 2013 Director

Ragnhild Wiborg

53 2013 Director

Biographies

Name Description

Jens Ulltveit-Moe

Mr. Jens Dag Ulltveit-Moe has served as Chairman of the Board of Directors of Rec Silicon ASA since November 29, 2013. He previously was Chairman of the Company’s Board from May 22, 2012 until Febreuary 8, 2013. He is President, Chief Executive Officer and Board member of Umoe AS, a company he owns together with his family. After completing his education, Mr Ulltveit-Moe worked for McKinsey in New York and London before becoming Managing Director of Asterix Shipping, a tanker owning company in London, in 1973. He was headhunted to the failing company Knut Knutsen OAS in 1980. In 1984, he established the company that is now called Umoe AS. Mr. Ulltveit-Moe plays an active role in Norwegian society and is a former President of both the Norwegian Shipowners’ Association and the Confederation of Norwegian Enterprise. Mr. Ulltveit-Moe has in the past been the Chairman of the Board of several listed companies including PGS, Kverneland, Sevan Marine and REC. He holds a Master’s degree in Business and Economics from the Norwegian School of Economics and Business Administration (Norges Handelshoyskole, Bergen - NHH) and a Master’s degree in International Affairs from Colombia University.

Tore Torvund

Mr. Tore Torvund has been appointed President and Chief Executive Officer of REC Silicon ASA (previously known as Renewable Energy Corporation ASA), effective as of December 1, 2013. Before that, he has served as Executive Vice President (EVP) of REC Silicon at Renewable Energy Corp ASA since January 2009. He joined the Company in 2009. He was previously EVP responsible for Norsk Hydro’s Oil & gas Division from 2000 until the merger with Statoil in 2007 and EVP responsible for StatoilHydro’s operations on the Norwegian Continental shelf until 2008. He holds a Master of Science degree from Norges Teknisk-Naturvitenskapelige Universitet - NTNU (Norwegian University of Science and Technology).

James May

Mr. James May has been appointed Chief Financial Officer of REC Silicon ASA (previously known as Renewable Energy Corporation ASA), effective as of December 1, 2013. Before that, he was CFO of REC Silicon and he has been with REC Silicon since December 2008. Mr. May has a Bachelor of Business Administration in Accounting from Boise State University, Idaho. Before joining REC, Mr. May has several years of experience from various roles in accounting, finance, supply chain/purchasing and business planning from a number of chemical companies in the United States.

Inger Berg Orstavik

Espen Klitzing

Mr. Espen Klitzing has served as Member of the Board of Directors of Rec Silicon ASA since November 29, 2013. He is currently Chief Financial Officer of the Umoe Group where he is Chairman of the Board of several group companies. Outside of the Umoe Group, he is currently the Chairman of the Board of Alliance Venture Polaris AS a board member in Statoil Pension and a member the Stock Exchange Appeals Committee. Before joining Umoe, he was a Principal at McKinsey & Company (2008-2011), Chief Financial Officer and Deputy Chief Executive Officer at Norges Bank Investment Management (2007), Chief Executive Officer of Petrojarl ASA (2005-2006) and held various management positions in the Storebrand Group (1995-2004). He was Chief Executive Officer of Storebrand Life insurance from (1999-2004). He holds a degree in Business and Economics (Sivilokonom) from the Norwegian School of Economics and Business Administration (Norges Handelshoyskole, Bergen - NHH).

Erik Lokke-Owre

Mr. Erik Lokke-Owre has served as Member of the Board of Directors of Rec Silicon ASA since November 29, 2013. He is currently self-employed, working as consultant in his company Varbak Consulting AS. Between 2008 and 2013, he was employed in REC Solar as Senior Vice President of Global Operations, Technology and Sourcing. In this position, he was responsible for the ramp-up and operations of REC Solar’s production facilities in Singapore. Prior to this, Mr. Lokke-Owre was employed in the Elkem group for 20 years, where he held several management positions, inter alia Plant Director in both Elkem Aluminium ANS and Elkem Silicon, General Manager for Elkem Silicon and Elkem Solar. He holds a Master’s degree in General Management from the Norwegian School of Management (Handelshoyskolen BI) and has executive education from IMD in Switzerland and Columbia University in New York.

Ragnhild Wiborg

Ms. Ragnhild Wiborg has been Member of the Board of Directors of REC Silicon ASA since May 3, 2013. She has 27 years of experience from the financial markets and a network both within the international and Nordic business communities. She has working experience from inter alia Wiborg Kapitalforvaltning, Consepio, Odin Fundmanagement, Pareto Securities and Sundal & Collier. She has served on the nomination committee of several listed companies including SAS, Kvaerner, Kongsberg Gruppen, Prosafe, Frontline and Cermaq. She has a Bachelor of Science degree in Economics (Civilekonom ) with a major in International Business from the Stockholm School of Economics and Business Administration as well as education from Sorbonne University (Sorbonne Universites).

Basic Compensation

Name Fiscal Year Total

Jens Ulltveit-Moe

--

Tore Torvund

5,878,620

James May

--

Inger Berg Orstavik

--

Espen Klitzing

--

Erik Lokke-Owre

--

Ragnhild Wiborg

--
As Of 30 Dec 2012

Options Compensation

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