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Akastor ASA (AKAS.OL)

AKAS.OL on Oslo Stock Exchange

7.34NOK
27 Oct 2020
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Summary

Name Age Since Current Position

Kristian Monsen Rokke

37 2018 Chairman of the Board

Karl Kjelstad

54 2018 Chief Executive Officer

Lone Fonss Schroder

60 Deputy Chairman of the Board

Oyvind Paaske

2020 Chief Financial Officer, IR Contact Officer

Kathryn Baker

56 2014 Director

Oyvind Eriksen

56 2015 Director

Asle Halvorsen

2017 Director, Employee Representative

Henning Jensen

2017 Director, Employee Representative

Sarah Ryan

2012 Director

Stian Sjolund

2016 Director, Employee Representative

Biographies

Name Description

Kristian Monsen Rokke

Mr. Kristian Monsen Rokke has been Chairman of the Board of Akastor ASA since April 6, 2018. Kristian Røkke is currently the Chief Investment Officer of Aker ASA and has extensive experience from offshore oil services, shipbuilding and M&A. Mr. Røkke was CEO of Akastor ASA from August 2015 to December 2017. He is a board member of TRG Holding AS, Aker Capital AS and Aker Solutions ASA. Mr. Røkke holds an MBA from The Wharton School, University of Pennsylvania. As of December 31, 2019, Mr. Røkke holds, through a privately owned company, 200 000 shares in Akastor ASA and has no stock options. Mr. Røkke is both a Norwegian and American citizen and has been elected for the period 2018-2020.

Karl Kjelstad

Mr. Karl Erik Kjelstad serves as Chief Executive Officer of the Company. Karl Erik Kjelstad joined the Aker group in 1998 and has held various CEO and executive positions throughout the Aker group, including EVP of Aker Solutions, Aker ASA and CEO of Aker Yards. Mr. Kjelstad holds an MSc in Marine Engineering from the Norwegian University of Science and Technology (NTNU) and an AMP from Harvard Business School. As of March 18, 2020, he holds, through a privately-owned company, 300 000 shares in the company and has no stock options. Mr. Kjelstad is a Norwegian citizen.

Lone Fonss Schroder

Ms. Lone Fonss Schroder serves as Deputy Chairman of the Board of the Company. Lone Fønss Schrøder has experience from CEO and Senior Management positions at the Danish shipping and oil group A.P. Møller-Maersk A/S. She is Executive Director of Geely Financials Denmark, Director and Chairperson for the audit committee at Volvo Cars and Valmet Oy, and Director of Ikea Group. Ms. Fønss Schrøder has a fintech portfolio of her own. Ms. Fønss Schrøder has a law degree from the University of Copenhagen and of economics from Copenhagen Business School. As of December 31, 2019, she holds 4 400 shares in the company and has no stock options. She is a Danish citizen and has been elected for the period 2018-2020.

Oyvind Paaske

Mr. Oyvind Paaske serves as Chief Financial Officer, IR Contact Officer of the Company. Øyvind Paaske joined the investment team of Akastor in 2014. Prior to this, he held the position as Investment Manager in Aker ASA. Mr. Paaske holds an MSc in Financial Economics from the Norwegian School of Economics and Business Administration (NHH) and UNC Kenan-Flagler Business School. As of March 18, 2020, he holds 5 083 shares in the company and has no stock options. Mr. Paaske is a Norwegian citizen.

Kathryn Baker

Ms. Kathryn M. Baker serves as Director of the Company. Kathryn M. Baker has over 30 years of business experience in a broad range of industries and roles. She currently serves on the Executive Board of the Central Bank of Norway (Norges Bank), where she is also a member of the audit and the risk and investment committees. Other current board positions include Chairman of Catena Media Plc, board member of DOF ASA as well as a member of the Investment Committee of Norfund. Ms. Baker also serves on the European Advisory Board of the Tuck School of Business and leads the Ethics Committee of the Norwegian Private Equity and Venture Capital Association (NVCA), where she previously served as Chairman. Ms. Baker was a partner at the Norwegian private equity firm Reiten & Co for 15 years. Prior to that, she was a management consultant at McKinsey & Company in Oslo and a financial analyst at Morgan Stanley in New York. Ms. Baker holds a bachelor degree in Economics from Wellesley College and an MBA from the Amos Tuck School of Business at Dartmouth College. AS of December 31, 2019, she holds 45 683 shares in the company. Ms. Baker is an American citizen and has been elected for the period 2018-2020

Oyvind Eriksen

Mr. Oyvind Eriksen serves as Director of the CompanyØyvind Eriksen joined Aker ASA in January 2009. Mr. Eriksen holds a law degree from the University of Oslo. He joined Norwegian law firm BA-HR in 1990, where he became a partner in 1996 and a director/chairman from 2003. As a corporate attorney, he among other things worked with strategic and operational development, M&A and negotiations. Mr. Eriksen has held several board positions in different industries, including shipping, finance, asset management, offshore drilling, fisheries, media, trade and industry. Mr. Eriksen is chairman of the board in Aker BP ASA, Aker Solutions ASA, Cognite AS, Aker Capital AS, Aker Kværner Holding AS and REV Ocean Inc, and a director of several companies, including Aker Energy AS, The Resource Group TRG AS, TRG Holding AS and The Norwegian Cancer Society (Kreftforeningen). He is also member of the World Economic Forum's Centre for the Fourth Industrial Revolution Global Network Advisory Board. As of December 31, 2019, Mr. Eriksen holds no shares or stock options in Akastor directly; he has an ownership interest through his holding of 219 027 shares in Aker ASA. He also holds, through a privately owned company, 0.2 percent of the B-shares in TRG Holding AS, the largest shareholder in Aker ASA. Mr. Eriksen is a Norwegian citizen and has been elected for the period 2018-2020..

Asle Halvorsen

Mr. Asle Christian Halvorsen serves as Director, Employee Representative of the Company. Asle Christian Halvorsen currently works as Senior Engineer in Mud Products dept at MHWirth AS. He began his career with the Aker group in 2011 when he joined STEP Offshore. Mr. Halvorsen holds a BS c in mechanical engineering from Sør-Trøndelag University College. As of December 31, 2019, he holds 10 000 shares in the company. Mr. Halvorsen is a Norwegian citizen. He has been elected for the period 2019-2021.

Henning Jensen

Mr. Henning Jensen serves as Director, Employee Representative of the Company. Henning Jensen currently works as a specialist engineer in project control department at MHWirth AS. Mr. Jensen joined MHWirth in 2005. He has since then held various positions in the company. Mr. Jensen holds a bachelor degree in Marine Technology and a Master in Industrial Economy and Technology from Agder University College in Grimstad. As of December 31, 2019, Mr. Jensen holds no shares or stock options in the company. Mr. Jensen is a Norwegian citizen and has been elected for the period 2019-2021

Sarah Ryan

Dr. Sarah Elisabeth Ryan Ph.D. serves as Director of the Company. Dr. Sarah Ryan has 30 years of experience in the global oil&gas and oilfield services industries. She currently serves as Non-Executive Director of Woodside Petroleum, where she is also a member of the audit and risk and sustainability committees. Other current board positions include Central Petroleum and Kinetic Energy Services, and previous board positions include Aker Solutions and Vautron. Dr Ryan also serves as chair of the Advisory Board of Unearthed Solutions and is a Fellow of the Australian Academy of Technological Sciences and Engineering. Dr. Ryan was energy advisor, Investment director and equity analyst at Earnest Partners, a USbased investment management firm. Prior to that, she held various senior management, technical and operational roles during her 15 years with Schlumberger. Dr. Ryan holds a BSc in Geology from the University of Melbourne, a BSc (Hons) in Geophysics and a PhD in Petroleum Geology and Geophysics from the University of Adelaide. As of December 31, 2019, she holds 5 000 shares in the company and had no stock options. Dr. Ryan is an Australian citizen. She has been elected for the period 2018-2020.

Stian Sjolund

Mr. Stian Sjolund serves as Director, Employee Representative of the Company. Stian Sjølund currently works as Performance Optimization Engineer at MHWirth AS. Mr. Sjølund joined the Company in 1998 as an Engineer in Drilling Lifecycle Services department. He has since then held various positions in the company in Norway and abroad. Mr. Sjølund holds a technical college degree in electrical engineering from Grimstad Technical College. As of December 31, 2019, Mr. Sjølund holds 10 000 shares in the company. Mr. Sjølund is a Norwegian citizen and has been elected for the period 2019-2021.

Basic Compensation

Name Fiscal Year Total

Kristian Monsen Rokke

600,000

Karl Kjelstad

7,246,830

Lone Fonss Schroder

695,000

Oyvind Paaske

--

Kathryn Baker

455,000

Oyvind Eriksen

340,000

Asle Halvorsen

170,000

Henning Jensen

285,000

Sarah Ryan

395,600

Stian Sjolund

170,000
As Of  31 Dec 2019