Management

Luis Araujo

Chief Executive Officer

Citizenship: Brazilian
Shares: 76,898
Stock options: 0

 

Luis Araujo was named CEO in July 2014 after joining Aker Solutions in 2011 as president for the company’s Brazilian operations. The Brazilian has more than 30 years of oil and gas industry experience, including senior posts in GE, Wellstream, ABB and FMC Technologies. He has a BEng in mechanical engineering from Gama Filho University in Brazil and an MBA from the University of Edinburgh in Scotland. Araujo owned 76,898 company shares and held no stock options as of December 31, 2016.

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Svein Stoknes

Chief Financial Officer

Citizenship: Norwegian
Shares: 26,444
Stock options: 0

 

Svein Stoknes was named CFO in September 2014. The Norwegian joined Aker Solutions in 2007 and has held numerous key posts, including as head of finance of Aker Solutions’ subsea business. Stoknes graduated from the Norwegian School of Management and has an MBA from Columbia Business School. Stoknes held 26,444 company shares and had no stock options as of December 31, 2016.

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Dean Watson

Chief Operating Officer

Citizenship: British
Shares: 0
Stock options: 0

 

Dean Watson was named Chief Operating Officer in September 2016. The Briton has more than 20 years of oil industry experience, much of it in various leadership and operational management positions with Schlumberger. He holds a BEng in mechanical engineering from the University of Newcastle upon Tyne in England. Watson had no company shares or stock options as of December 31, 2016.

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Mark Riding

Executive Vice President, Strategy

Citizenship: British
Shares: 32,006
Stock options: 0

 

Mark Riding was appointed head of strategy in November 2016. The Briton joined Aker Solutions in 2011 and has more than 30 years of oil industry experience, much of it in international management posts in Schlumberger, but most recently as chief of strategic marketing and organizational development in Aker Solutions. He has a BSc in mining engineering from the University of Birmingham, UK. Riding held 32,006 company shares and had no stock options as of December 31, 2016.

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Valborg Lundegaard

Executive Vice President, Customer Management

Citizenship: Norwegian
Shares: 5,185
Stock options: 0

 

Valborg Lundegaard was named head of the customer management delivery center in November 2016. The Norwegian chemical engineer has more than 20 years of oil and gas industry experience, including as president of Aker Engineering and Technology and as head of Aker Solutions’ engineering business area. She has a degree from the Norwegian University of Science and Technology. Lundegaard held 5,185 company shares and had no stock options as of December 31, 2016.

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Knut Nyborg

Executive Vice President, Front End

Citizenship: Norwegian
Shares: 1,594
Stock options: 0

 

Knut Nyborg was appointed head of the front end delivery center in May 2017. The Norwegian joined Aker Solutions more than 25 years ago and has held positions in different parts of the company, including as vice president for power and process, as well as tender manager for the Åsgard subsea compression project. Nyborg's experience also includes nearly 10 years of work on topside newbuilds and modification projects. He holds an MSc in mechanical engineering degree from NTNU in Norway. Nyborg held 1,594 company shares and had no stock options as of December 31, 2016.

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Egil Boyum

Executive Vice President, Products

Citizenship: Norwegian
Shares: 4,198
Stock options: 0

 

Egil Boyum was appointed head of the products delivery center in November 2016. The Norwegian has more than 25 years of experience in the oil and gas industry and has held several key positions in Aker Solutions’ subsea business. He graduated from the Norwegian Institute of Technology in Civil Engineering. Boyum held 4,198 company shares and had no stock options as of December 31, 2016.

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Knut Sandvik

Executive Vice President, Projects

Citizenship: Norwegian
Shares: 3,036
Stock options: 0

 

Knut Sandvik was named head of the projects delivery center in November 2016. The Norwegian has more than 25 years of experience from the offshore industry and has held several leadership positions, including head of Aker Solutions’ maintenance, modifications and operations business. He holds a degree in offshore and mechanical engineering from Heriot-Watt University in Scotland. Sandvik held 3,036 company shares and had no stock options as of December 31, 2016.

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David Clark

Executive Vice President, Services

Citizenship: British
Shares: 1,434
Stock options: 0

 

David Clark was named head of the services delivery center in November 2016. The Briton joined Aker Solutions from Schlumberger in 2015 where he most recently served as vice president of production facilities. He has more than 30 years of international experience in the oil and gas industry and has also held leadership positions at Wood Group and Technip. He has a degree in electrical and electronic engineering from Strathclyde University in Scotland. Clark held 1,434 company shares and had no stock options as of December 31, 2016.

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