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Aker Solutions ASA (AKSOL.OL)

AKSOL.OL on Oslo Stock Exchange

56.76NOK
21 Sep 2018
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Summary

Name Age Since Current Position

Luis Araujo

55 2014 Chief Executive Officer

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

Knut Nyborg

2017 Executive Vice President, Front End

Mark Riding

2016 Executive Vice President, Strategy

Knut Sandvik

2016 Executive Vice President, Projects

Oyvind Eriksen

54 2014 Chairman of the Board

Birgit Aagaard-Svendsen

62 2018 Director

Oddvar Holland

2017 Director, Employee Representative

Koosum Kalyan

61 2014 Director

Hilde Karlsen

2011 Director, Employee Representative

Henrik Madsen

2018 Director

Kristian Rokke

2018 Director

Atle Teigland

61 2004 Director, Employee Representative

Fredrik Berge

2017 Senior Manager, Investor Relations

Biographies

Name Description

Luis Araujo

Mr. Luis Antonio Gomes Araujo has served as Chief Executive Officer of 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 GE, 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.

Svein Stoknes

Mr. Svein Oskar Stoknes has served as Chief Financial Officer of 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 Master of Business Administration from Columbia Business School in New York and Master of Science from the Norwegian School of Management.

Dean Watson

Mr. Dean Watson has been Chief Operating Officer of 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).

Knut Nyborg

Mr. Knut Nyborg has been Executive Vice President, Front End at Aker Solutions ASA since May 1, 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.

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.

Oyvind Eriksen

Mr. Oyvind Eriksen has served as Chairman of the Board of Directors at 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.

Birgit Aagaard-Svendsen

Mrs. Birgit Aagaard-Svendsen has been Director of AKER SOLUTIONS ASA since April 18, 2018. She has more than 35 years of international business experience including several years within the shipping and offshore industries. She served as Chief Financial Officer of J. Lauritzen shipping company for 18 years and has been the chairperson of the Danish committee on corporate governance. She has a Bachelor of Science in engineering from the Technical University of Denmark and a Graduate Diploma in Business Administration from the Copenhagen Business School. Aagaard-Svendsen is a board professional with extensive board experience. Her current directorships include the boards of DNV GL, Prosafe and West of England, for all of which she serves as the chairperson of the audit committee.

Oddvar Holland

Mr. Oddvar Holland has been Director, Employee Representative at Aker Solutions ASA since April 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. Prior to joining Shell, Kalyan was Senior Economist at the Chamber of Mines of South Africa and was an economist at the Electricity Commission of Victoria Melbourne Australia. Kalyan graduated in Bcom Law and Honors 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. She serves as non-executive chairman of EdgoMerap (Pty) Ltd. She currently serves as a non-executive director on the boards of Mobile Telephone Networks Holding (MTN Group Ltd) and Anglo American South Africa as well as being a senior advisor non-executive of BCG. Kalyan has also lectured on the Africa Program at Harvard Business School and Wharton Business School.

Hilde Karlsen

Ms. Hilde Karlsen has served as Employee Representative on the Board of Directors of Aker Solutions ASA since March 2011. She is a group union representative for Aker Solutions on a full-time basis and has been employed by Aker Solutions since 1992. Karlsen has held various positions at Aker Solutions and is now specialist engineer in the projects center. She was the employees representative of the Kvaerner Oil and Gas Board from 1993-2003. Karlsen has a Bachelor of Science in mechanical engineering from Norway’s Narvik University College.

Henrik Madsen

Dr. Henrik O. Madsen has been Director of AKER SOLUTIONS ASA since April 18, 2018. He has worked more than 25 years for DNV/DNV GL in a number of scientific research and management positions, and served as the President and CEO of the company from 2006 to 2015. He holds a PhD in civil and structural engineering from the Technical University of Denmark, where he also serves as adjunct professor. In 2002, he was appointed a technology pioneer by the United States Offshore Energy Center’s Technology Hall of Fame. Madsen is currently the chairperson of the Norwegian Research Council. He has published several books and papers on structural safety and reliability.

Kristian Rokke

Mr. Kristian Rokke has been Director of AKER SOLUTIONS ASA since April 18, 2018. He has experience from offshore services and shipbuilding in several companies in the Aker group. Prior to assuming his current position as Chief Investment Officer of Aker ASA, Kristian Rokke served as CEO of Akastor ASA, a publicly listed oil service investment company. Before that, he spent several years in various operational and executive roles at Philly Shipyard. He has an MBA from The Wharton School of the University of Pennsylvania.

Atle Teigland

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

Fredrik Berge

Basic Compensation

Name Fiscal Year Total

Luis Araujo

9,932,590

Svein Stoknes

5,294,760

Dean Watson

8,071,980

Egil Boyum

4,732,970

David Clark

4,633,990

Valborg Lundegaard

4,594,400

Knut Nyborg

2,238,490

Mark Riding

5,925,020

Knut Sandvik

4,377,280

Oyvind Eriksen

600,000

Birgit Aagaard-Svendsen

--

Oddvar Holland

85,000

Koosum Kalyan

390,000

Hilde Karlsen

170,000

Henrik Madsen

--

Kristian Rokke

--

Atle Teigland

285,000

Fredrik Berge

--
As Of  30 Dec 2017