People: Energy Recovery Inc (ERII.OQ)

ERII.OQ on NASDAQ Stock Exchange Global Select Market

21 Oct 2019
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Hanstveit, Arve 

Mr. Arve Hanstveit is an Independent Director of Energy Recovery Inc. He joined our Board of Directors in August 1995. Between August 1997 and November 2010, Mr. Hanstveit served as Partner and Vice President of ABG Sundal Collier, a Scandinavian investment bank, where he was responsible for advising U.S. institutional investors on equity investments in Nordic companies. Prior to joining ABG Sundal Collier, Mr. Hanstveit worked as a securities analyst and as a portfolio manager for TIAA-Cref, a large U.S. institutional investor. From February 2007 to January 2010, Mr. Hanstveit served on the Board of Directors of Kezzler AS, a privately-held Norwegian company, which delivers secure track and trace solutions to the industry. He is also a member of the Norwegian American Chamber of Commerce and the New York Angels, an independent consortium of individual accredited angel investors that provide equity capital for early-stage companies in the New York City area. Mr. Hanstveit holds a B.A. in Business from the Norwegian School of Management and an M.B.A. from the University of Wisconsin, Madison. The Board selected Mr. Hanstveit as a Director because of his early investment in the Company, his years of experience as a portfolio manager and securities analyst, his detailed understanding of global financial markets, and his extensive knowledge of the Company, its products, and markets.

Basic Compensation

Total Annual Compensation, USD 60,000
Restricted Stock Award, USD --
Long-Term Incentive Plans, USD --
All Other, USD 85,002
Fiscal Year Total, USD 145,002

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --