Board of Directors

Image: Frank O. Reite

Frank O. Reite

Chairperson of the Board

Frank O. Reite is a Norwegian citizen, born in 1970. He first joined Aker in 1995 and held the position as CFO in Aker ASA from August 2015 until August 2019. Mr. Reite has previously held the position as President & CEO of Akastor (up until 2015) and also held a variety of executive positions in the Aker group, including overseeing and developing Aker’s investments in Converto Capital Fund AS, Havfisk ASA, Norway Seafoods AS and Aker Yards ASA. Mr. Reite also has experience from banking and served as Operating Director at Paine & Partners, a New York-based private equity firm. Reite’s current board positions include being chair of Converto AS, deputy chair of the board and chair of the audit committee in Aker ASA, chair of Norron AB, and director of Solstad Offshore ASA. He holds a B.A. in business administration from Norwegian Business School BI in Oslo.

As of April 20, 2022, Mr. Reite holds, through a privately owned company, 200,000 shares in Akastor ASA and has no stock options. He is a Norwegian citizen and has been elected for the period 2022-2024.

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Image: Lone Fønss Schrøder

Lone Fønss Schrøder

Deputy Chair

Lone Fønss Schrøder is CEO of Concordium AG, a global provider of blockchain technologies. She is vice-chair of Volvo Cars AB and chair of the audit committee, and director of Geely Sweden Holdings AB and Ingka Holding B.V. (Ikea Group). She has held several senior management and CEO positions in the A.P. Møller-Maersk group and became CEO and president of Wallenius Lines AB in 2005. Fønss Schrøder has board experience from Kværner ASA, Eukor Inc, Vattenfall AB, Yara ASA, Valmet OY and others. Fønss Schrøder holds an MSc in law from the University of Copenhagen and in economics from Copenhagen Business School in Denmark.

As of April 20, 2022, 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 2022-2024.

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Image: Svein Oskar Stoknes

Svein Oskar Stoknes

Director

Svein Oskar Stoknes has been CFO at Aker ASA since August 2019. Prior to this, he served as CFO at Aker Solutions, where he joined in 2007 and was named CFO in 2014. Previously, Mr. Stoknes held a range of senior positions within finance and advisory for organizations like Tandberg, Citigroup and ABB. He graduated from the Norwegian School of Management and has an MBA from Columbia Business School in New York.

As of April 20, 2022, Mr. Stoknes owns 1,297 shares and no stock options in the company. He is a Norwegian citizen and has been elected for the period 2022-2024.

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Image: Kathryn M. Baker

Kathryn M. Baker

Director

Kathryn M. Baker has over 30 years of business experience in a broad range of industries and roles. She currently serves as Chairwoman of Fynd Ocean Ventures, Pensionera AB, Genetic Analysis AS and Terra Mater Renewable Investments. Other current positions include board member of DOF ASA and MPC Energy Solutions and member of the Investment Committee of the Norfund. Ms. Baker previously served on the Executive Board of the Central Bank of Norway (Norges Bank), the European Advisory Board of the Tuck School of Business and the Ethics Committee of the Norwegian Private Equity and Venture Capital Association (NVCA), where she also previously served as Chairwoman. 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’s degree in economics from Wellesley College and an MBA from the Amos Tuck School of Business at Dartmouth College.

As of April 20, 2022, she holds 45,683 shares in the company. Ms. Baker is an American citizen and has been elected for the period 2021-2023.

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Image: Luis Araujo

Luis Araujo

Director

Luis Antonio G. Araujo has over 37 years of experience in the energy and oil & gas industries. He was CEO of Aker Solutions from July 2014 to August 2020. Prior to his appointment as CEO, Mr. Araujo held the position as Regional President and Executive Vice-President for Aker Solutions in Brazil since November 2011 where he led a major turn-around of the local operations. Prior to his period with Aker Solutions, he was CEO of Wellstream in Brazil (currently part of Baker Hughes GE), and held several senior positions within ABB, FMC Technologies, Vetco Gray and Technip Coflexip. Mr. Araujo is currently an independent director and member of the board of Magseis Fairfield ASA listed on the Oslo Stock Exchange, and an independent director and member of the board of OceanPact, a Brazilian company. Mr. Araujo holds a bachelor degree in Mechanical Engineering from Gama Filho University and an MBA from Edinburgh University.

As of April 20, 2022, Mr. Araujo holds 25,757 shares and no stock options in the company. Mr. Araujo has triple citizenship; Brazilian, British and Portugese and has been elected for the period 2021-2023.

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Image: Henning Jensen

Henning Jensen

Director, Elected by the employees

Henning Jensen currently works as a specialist engineer in project control department at HMH. 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 April 20, 2022, Mr. Jensen holds no shares or stock options in the company. Mr. Jensen is a Norwegian citizen and has been elected for the period 2021-2023.

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Image: Asle Christian Halvorsen

Asle Christian Halvorsen

Director, Elected by the employees

Asle Christian Halvorsen currently works as Sales Manager in the Global Sales dept at HMH. He began his career with the Aker group in 2011 when he joined STEP Offshore. Mr. Halvorsen holds an Executive Master of Management from BI Norwegian Business School.

As of April 20, 2022, he holds 10,000 shares in the company. Mr. Halvorsen is a Norwegian citizen. He has been elected for the period 2021-2023.

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Image: Stian Sjølund

Stian Sjølund

Director, Elected by the employees

Stian Sjølund currently works as Performance Optimization Engineer at HMH. 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 April 20, 2022, he holds 10,000 shares in the company. Mr. Sjølund is a Norwegian citizen and has been elected for the period 2021-2023.

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