Management

Luis Araujo

Chief Executive Officer

Citizenship: Brazilian
Shares: 101,898
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 101,898 company shares and held no stock options as of July 5, 2019.

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Ole Martin Grimsrud

Chief Financial Officer

Citizenship: Norwegian
Shares: 7,643
Stock options: 0

 

Ole Martin Grimsrud was named CFO in August 2019. The Norwegian joined Aker Solutions in 2012 and has held numerous key posts, including as head of Aker Solutions’ treasury, controlling and M&A activities. He previously held senior roles at Norske Skog ASA and Elkem ASA. Grimsrud graduated from the Norwegian University of Science and Technology (NTNU) in Trondheim, Norway in 2001. Grimsrud held 7,643 company shares and had no stock options as of August 12, 2019.

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Dean Watson

Chief Operating Officer and Executive Vice President, Subsea Lifecycle Services

Citizenship: British
Shares: 0
Stock options: 0

 

Dean Watson was named Chief Operating Officer in September 2016, and head of the subsea lifecycle services delivery center in October 2018. 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, 2018.

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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, 2018.

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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, 2018.

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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 a MSc in mechanical engineering degree from NTNU in Norway. Nyborg held 1,594 company shares and had no stock options as of December 31, 2018.

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Maria Peralta

Executive Vice President, Products

Citizenship: Portuguese
Shares: 7,824
Stock options: 0

 

Maria Peralta was named head of the products delivery center in July 2019. The Portuguese has lived in Brazil for 21 years, joining Aker Solutions in 2012. Peralta has more than 20 years of oil and gas experience, including a strong background in the area of subsea and as country manager of Aker Solutions in Brazil. She holds a degree in mechanical engineering from Porto University (FEUP) in Portugal. Peralta held 7,824 company shares and had no stock options as of December 31, 2018. 

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Egil Boyum

Executive Vice President, Greenfield Projects

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, 2018.

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Linda Litlekalsøy Aase

Executive Vice President, Brownfield Projects

Citizenship: Norwegian
Shares: 6,978
Stock options: 0

 

Linda Litlekalsøy Aase was appointed head of the brownfield projects delivery center in October 2018. The Norwegian joined Aker Solutions in April 2014 and has almost 20 years of industry experience, from technical management to a variety of leadership positions, including head of Aker Solutions’ maintenance, modifications and operations business in Norway. She holds a MSc in material technology from NTNU, and has studied business economics and management accounting at NHH. Aase held 6,978 company shares and had no stock options as of August 13, 2019.

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