The Annual General Meeting in Sevan Marine ASA was held on May 24th, 2018. Mr. Bjørn Sund, Mrs Hilde Ådland and Mrs Astrid Jørgenvåg were elected as new board members. Mr. Erling Øverland (Chairman), Mr. Torstein Sanness and Mrs. Kathryn Baker were re-elected as members of the board.

  • Mr. Sund holds a Master of Chemical Engineering from the Norwegian Institute of Technology (1973) and has long lasting work experience from Norsk Hydro, among other things as responsible for a number of Norsk Hydro’ large offshore oil and gas field development projects, prior to joining Lundin Petroleum in 2008. Mr. Sund served as Director of Field Development at Lundin Petroleum. Mr. Sund today holds the position as Advisor Field Development in Lundin Norway.
  • Mrs. Ådland holds a Bachelor in Chemical Engineering and a Master in Process Engineering (1991) and has extensive experience from various technical and operational positions in Kværner and Statoil before joining Gas de France/GDF Suez/Engie Norway in 2008. Today, Ådland holds the position as Asset Manager in Neptune Energy Norge AS.
  • Mrs. Jørgenvåg, is currently VP Technical and Projects in Teekay Offshore Production. Jørgenvåg holds a Master in Chemical Engineering from the Norwegian Institute of Technology (1983) and has for many years worked in Statoil holding positions within Operation (Asset manager Åsgard Area), Research and Technology development and latest as VP Head of Engineering, before she joined Teekay in 2017.

 

Following the election, the board of directors of Sevan Marine ASA comprises the following members, in addition to the newly elected members:

Mr. Erling Øverland (Chairman)
Mr. Øverland holds a Master Degree from the Norwegian School of Economics and Business Administration (NHH) in Bergen. He served Statoil for more than 30 years within the areas of finance, accounting, trading, retail and marketing, shipping and business development. Mr. Øverland had several corporate leadership positions in Statoil including five years as CFO and a number of years as EVP for downstream operations. He was acting CEO of Statoil ASA in 2004.

Mr. Torstein Sanness
Mr. Sanness is a graduate of the Norwegian Institute of Technology in Trondheim where he obtained a Master of Engineering (geology, geophysics and mining engineering). Mr. Sanness served as Managing Director of Lundin Petroleum Norway from 2004 to April 2015, whereafter he was elected Chairman of the same company until March 2017 when he moved to the board of International Petroleum Corp., another Lundin Group company. Before joining Lundin Norway Mr. Sanness was Managing Director of Det Norske Oljeselskap AS. From 1975 to 2000, Mr. Sanness was at Saga Petroleum until its sale to Norsk Hydro and Statoil, where he held several executive positions in Norway as well as in the US, including being responsible for Saga’s international operations and entry into Libya, Angola, Namibia and Indonesia.

Mrs. Kathryn Baker
Ms. Baker holds an MBA from the Amos Tuck School of Business at Dartmouth College and a Bachelor of Arts in Economics from Wellesley College. Ms. Baker was a senior partner for 15 years in Reiten & Co, a leading Nordic private equity firm with focus on the mid-cap sector. Prior to that, she was a management consultant at McKinsey & Company in Oslo for 6 years and a financial analyst at Morgan Stanley in the late 1980s.

Mr. Tord Brom Thorsen
Mr. Thorsen holds a Sivilingeniør (M.Sc) in Marine Technology from Norwegian University of Science and Technology. Mr Thorsen has 11 years’ experience in the ship and offshore industry and is currently employed in Sevan Marine as Senior Engineer in Marine Analysis and Offloading. He has worked in Sevan Marine since 2011 and he is an employee elected member of the board of directors. Mr. Thorsen has previously worked in Global Maritime from 2007-2011, latest period as department manager of Marine Operations.

Ms. Line Bliksmark
Ms. Bliksmark holds a master degree in Marketing Communication from Queensland University of Technology, Brisbane, Australia. Ms. Bliksmark has 5 years’ experience with marketing and tendering and is currently employed in Sevan Marine as Marketing and Business Development Coordinator. She has worked in Sevan Marine since 2017 and she is an employee elected member of the board of directors. Ms Bliksmark has previously worked in Emas Chiyoda Subsea (former Emas AMC) from 2014 to 2017 in the commercial department.

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Sevan Marine is a technology, design and engineering company. The company is developing, designing and delivering cost effective offshore solutions based on its unique cylindrical hull design and the HiLoad LNG offloading and regas technologies. Sevan Marine ASA is listed on the Oslo Børs with ticker SEVAN. For more information, please refer to www.sevanmarine.com.

For more information please contact:
 
Reese McNeel, CEO, Sevan Marine ASA
reese.mcneel@magnoraasa.com
+47 415 08 186

The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs – Continuing Obligations.