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DNO ASA (DNO.OL)

DNO.OL on Oslo Stock Exchange

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15 Oct 2018
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Summary

Name Age Since Current Position

Bijan Mossavar-Rahmani

2011 Executive Chairman of the Board

Lars Takla

2013 Deputy Chairman of the Board

Haakon Sandborg

60 2014 Chief Financial Officer

Bruce Webb

2017 Chief Operating Officer

Ute Quinn

2017 General Counsel, Corporate Secretary

Bjorn Dale

2014 Managing Director

Christopher Spencer

2017 Commercial Director

Nicholas Whiteley

2015 Exploration Director

Gunnar Hirsti

64 2013 Director

Elin Karfjell

53 2015 Director

Shelley Watson

2011 Director

Biographies

Name Description

Bijan Mossavar-Rahmani

Mr. Bijan Mossavar-Rahmani has served as Executive Chairman of the Board of Directors of DNO ASA (previously known as DNO International ASA) since June 9, 2011. He has been Member of the Board of Directors of the Company since March 2011. He is Member of the Nomination and Remuneration Committees of the Company. Mr. Mossavar-Rahmani serves concurrently as Executive Chairman of Oslo-listed RAK Petroleum plc, DNO’s largest shareholder. He is a Trustee of the New York Metropolitan Museum of Art and Harvard University’s Global Advisory Council. He has published more than ten books and numerous articles on global energy markets and was decorated Commandeur de l’Ordre National de la Cote d’Ivoire for services to the energy sector of that country. Mr. Mossavar-Rahmani is a graduate of Princeton (AB) and Harvard Universities (MPA).

Lars Takla

Mr. Lars Arne Takla has served as Deputy Chairman of DNO ASA (previously known as DNO International ASA) since June 12, 2013. He has been Director of the Company since June 11, 2012. Lars Arne Takla has experience from various managerial, executive and board positions in the international oil and gas industry and was appointed Commander of the Royal Norwegian Order of St. Olav in 2005 for his contribution to the Norwegian petroleum industry. Mr. Takla held various managerial positions with ConocoPhillips, including Managing Director and President of the Scandinavian Division and VP of the Europe-Africa Division. He also co-founded the Norwegian Energy Company ASA (Noreco) and was its Executive Chairman from 2005-2011. Mr. Takla has served on a number of boards, including the Offshore Northern Sea Foundation (ONS), the Rogaland Research Institute, the main board and innovation division of the Norwegian Research Council and Upstream AS. Mr. Takla holds Master of Science degree in Chemical Engineering from the Norwegian University of Science and Technology (NTNU) in Trondheim. He is Chair of the HSSE Committee of the Company.

Haakon Sandborg

Mr. Haakon Sandborg has served as Chief Financial Officer at DNO ASA (previously known as DNO International ASA) since 2014. He was Vice President, Chief Financial Officer of the Company from 2012 until 2014. He has been Chief Financial Officer of the Company since 2001. He has 30 years of experience in the oil and gas industry and in banking. He was previously employed by Aker Maritime, and he held senior positions at DNB Bank and Bergen Bank. He holds Master of Business Administration degree from the Norwegian School of Business Administration in Bergen, Norway (Norges Handelhoyskole, Bergen - NHH).

Bruce Webb

Mr. Bruce Webb has been Chief Operating Officer of DNO ASA since May 2017. Mr. Webb previously served in senior management roles at BP, most recently as Country Manager for Libya and Algeria. He holds a Bachelor’s degree in Chemical Engineering from the University of Edinburgh.

Ute Quinn

Ms. Ute Quinn has been General Counsel and Corporate Secretary at DNO ASA since September 2017. Ms. Quinn previously served in various legal executive roles at Royal Dutch Shell and Hess Corporation. She holds a Bachelor of Arts from Vassar College and a law degree from Temple University School of Law.

Bjorn Dale

Mr. Bjorn Dale has been Managing Director of DNO ASA (previously known as DNO International ASA) since 2014. He was Acting President / Managing Director of the Company from December 31, 2012 until 2014, and General Counsel and Board Secretary at the Company from September 1, 2011 until 2014. He has experience in managing corporate development projects, including cross-border transactions, corporate restructuring, as well as corporate governance issues. He has experience at Norwegian law firms and came to DNO from the position of Head of Corporate Development and General Counsel of a Nordic financial services group. He holds Master of Law degree from the Faculty of Law at the University of Oslo (Universitetet i Oslo) and Executive Master of Business Administration degree in Financial Management from the Stockholm School of Economics (Handelshogskolan i Stockholm).

Christopher Spencer

Mr. Christopher (Chris) Spencer has been Commercial Director of DNO ASA since May 2017. Mr. Spencer previously served as CEO of Rocksource ASA and in various roles at Royal Dutch Shell and BP. Mr. Spencer is a Chartered Engineer with the Institution of Chemical Engineers in the United Kingdom.

Nicholas Whiteley

Dr. Nicholas Whiteley has been Exploration Director at DNO ASA since October 2015. He joined from Cairn India, where he served as General Manager of Exploration. He has a strong focus on exploration, appraisal and new ventures, leading exploration campaigns across Europe, Russia, the Middle East, the Far East, Africa and South America. He holds a Master of Science degree in Earth Sciences from the University of Cambridge and a Ph.D. from the University of Oxford.

Gunnar Hirsti

Mr. Gunnar Hirsti has served as Member of the Board of Directors of DNO ASA (previously known as DNO International ASA) since November 8, 2007. Between June 9, 2011 and June 12, 2013, he was Deputy Chairman of the Board. He is Chair of the Audit Committee and Member of the Remuneration Committee of the Company. He has experience from various managerial, executive and board positions in the oil and gas industry as well as the information technology industry in Norway. He was Chief Executive Officer of DSND Subsea ASA (now Subsea 7 S.A.) for a period of six years. He also served as Executive Chairman of the Board of Blom ASA, which is listed on the Oslo Stock Exchange, for eight years. He holds a degree in Drilling Engineering from Tonsberg Maritime Hoyskole in Norway (currently Hogskolen i Vestfold).

Elin Karfjell

Ms. Elin Karfjell has served as Member of the Board of Directors at DNO ASA (previously known as DNO International ASA) since May 28, 2015. She previously was Non-Executive Member of the Company's Board of Directors from November 8, 2007 until 2010. Elin Karfjell is Managing Partner of Atelika AS and has previously held various management positions across a broad range of industries. Prior to her current role, Ms. Karfjell served as Chief Executive Officer of Fabi Group, Director of Finance and Administration at Atea AS, and Partner of Ernst & Young AS and Arthur Andersen. She is also board member of Aker Philadelphia Shipyard, North Energy ASA, Sevan Drilling Limited and Contesto AS. Ms. Karfjell has previously served as a board member of Norse Energy Corporation ASA, Aktiv Kapital ASA, Aker Floating Production ASA. Ms. Karfjell has a Bachelor of Science in Accounting from Oslo and Akershus University College of Applied Sciences and a Master of Science in Accounting and Auditing from the Norwegian School of Economics and Business Administration. She is a State Authorized Public Accountant. Ms. Karfjell is Member of the Audit Committee of the Company.

Shelley Watson

Ms. Shelley M. Watson has served as Member of the Board of Directors of DNO ASA (previously known as DNO International ASA) since June 9, 2011. She was previously Deputy Chairman of the Board of the Company since June 10, 2010. She is Member of the Audit Committee of the Company. She began her working career as a reservoir surveillance and facilities manager with Esso Australia in its offshore Bass Strait operation. Subsequently, she held commercial management roles with Novus Petroleum and Indago Petroleum. She was General Manager at RAK Petroleum PCL until the summer of 2014. She joined the company in 2007 as Group Commercial Director and was appointed Chief Operating Officer of RAK Petroleum plc in February 2017 and Chief Financial Officer in May 2017. She holds a First Class Honors degree in Chemical Engineering and a Bachelor of Commerce awarded in 1993 by the University of Melbourne.

Basic Compensation

Name Fiscal Year Total

Bijan Mossavar-Rahmani

787,100

Lars Takla

65,900

Haakon Sandborg

429,400

Bruce Webb

430,700

Ute Quinn

267,200

Bjorn Dale

774,100

Christopher Spencer

276,500

Nicholas Whiteley

559,400

Gunnar Hirsti

72,500

Elin Karfjell

55,900

Shelley Watson

55,900
As Of  30 Dec 2017