Board of Directors

Profiles of our board members, lenth of tenure and their committee responsibilities. PGS shareholdings are dated 31 December 2017.

Walter Kvam

Walter Qvam - Norway (1953)
Chair: PGS Board (elected 2016)
Board member since 2013
Shareholding: 25 000

Mr. Qvam is the former President and CEO of Kongsberg Group ASA. He has previously held leading positions in various prominent Norwegian and international businesses in a variety of fields, including oil & gas, shipping (DNV – Det Norske Veritas), IT (Capgemini), transportation (NSB - the Norwegian state railway) and consultancy (Gemini Consulting). Mr. Qvam graduated M.Sc. from the Norwegian University of Science and Technology (1979), and has also studied at INSEAD in Singapore (1985). He is Chairperson of the Council of Stiftelsen Det Norske Veritas.  


Daniel J. Piette

Daniel J. Piette - USA (1957)
Vice Chair: PGS Board (elected 2016)
Audit Committee
Board member since 2007
Shareholding: 12 000

Mr. Piette is a board member of Headwave Inc, a software company that offers technology for interpretation and manipulation of upstream exploration data. He also serves on the Board of Visitors for the University of Wisconsin – Madison School of Geological Engineering. Mr. Piette acts as an advisor to Blueware, a technology delivery company, and Deep Imaging Technologies, a company collecting EM data over shale wells during hydraulic fracturing. Until January of 2013, Mr. Piette was the President, CEO and Chairperson of TerraSpark Geosciences Inc. Previously, Mr. Piette was President, CEO, and Board Member of Object Reservoir. Mr. Piette was President and CEO of OpenSpirit Corporation from 2003 to 2011. After receiving his B.Sc. with honors in Mining Engineering from the University of Wisconsin- Madison in 1980, he held several executive management positions in the oil and gas industry, including Business Unit Manager at Input/Output, President and CEO of Bell Geospace, and Vice President and General Manager of the Asia Pacific region for Landmark Graphics.


Holly van Deursen

Holly Van Deursen - USA (1958)
Chair: Remuneration and Corporate Governance Committee (elected 2009)
Board member since 2006
Shareholding: 2 000

Ms. Deursen holds non-executive director positions with Bemis Company, Inc., Actuant Corporation, Capstone Turbine Corporation, and Anson Industries, Inc. She served on BP’s Top-Forty Executive Team as Group Vice President, Petrochemicals from 2003 to 2005 and Group Vice President, Strategy from 2001 to 2003. Prior to these executive appointments, Ms. Van Deursen held a variety of senior positions with BP and Amoco in Chicago, London, and Hong Kong and has served on the boards of directors of the American Chemistry Council and Amoco’s joint ventures in Korea, Taiwan, and Japan. Ms. Van Deursen holds a B.Sc. in Chemical Engineering from the University of Kansas and an MBA from the University of Michigan.  


Dr. Carol BellCarol Bell - UK (1958)
Audit Committee
Board member since 2009
Shareholding: 5 560

Dr. Bell has over 30 years of experience in the energy industry, with particular expertise in investment and financing in the oil and gas sector. She is a non-executive director of Ophir Energy plc and the BlackRock Commodities Investment Trust plc (both listed in London), and two Oslo listed holding companies in the Fred Olsen Group (Ganger Rolf ASA and Bonheur ASA). She is also a director of S4C (the Welsh language public service broadcaster) and Finance Wales (the venture capital arm of the Welsh Government. Dr. Bell has held senior positions in investment banking, including Managing Director of the Global Oil & Gas Group at Chase Manhattan Bank, Head of European Equity Research at JPMorgan and Global Head of its Oil and Gas Equity Research Team. She began her career in corporate planning and development with RTZ Oil and Gas and later worked at Charterhouse Petroleum. She earned an M.A. in Biochemistry from Cambridge University, a B.A. in Geology from the Open University, and a Ph.D. in Archaeology from University College, London.  


Anne Grethe DalaneAnne Grethe Dalane (1960)
Chair: Audit Committee (elected 2015)
Board member since 2013
Shareholding: zero

Ms. Dalane is a senior executive at Yara International and previously held a number of senior positions at Norsk Hydro. She is currently Chief Financial Officer Downstream at Yara International. Her previous experience covers a range of fields including HR as well as oil and gas. She has been Region Director Latin America and Country Manager of Argentina. Ms. Dalane’s background is in economics and she holds a business degree from the Norwegian School of Economics NHH.


"/Morten Borge - Norway (1981)
Remuneration and Corporate Governance Committee
Board member since 2015
Shareholding: zero

Mr. Borge is CEO of Ferd Capital. He has previously held the role of Investment Director and co-head responsible for the overall concept and execution of strategy. Before joining Ferd, he served as Chief Financial Officer at Interwell AS and held various positions within the audit company PwC. He currently serves as Board Member for Aibel, Interwell and Servi Group. Morten Borge holds an M.Sc. Finance from the Norwegian School of Management where he also qualified as a Certified Public Accountant. As of 31 December 2017, Mr. Borge does not own any PGS shares.


Richard HerbertRichard Herbert  - UK (1958)
Remuneration and Corporate Governance Committee
Board member since 2017
Shareholding: zero

Mr. Herbert is a petroleum geologist who has worked in the global upstream industry for more than 36 years. He currently employed as an independent advisor. He started his career with Phillips Petroleum, then spent 19 years with BP working on international exploration and development projects with senior positions in Thailand, Mexico, USA, Colombia, and Angola as well as the UK North Sea. From 2003-2008 he worked for TNK-BP in Russia, first as Exploration Vice-President and subsequently as Executive Vice President of Technology. He then joined Talisman Energy in Calgary, Canada as Exploration Vice President before returning to BP in 2013 to join the upstream executive team as Chief Operating Officer, Exploration. Richard Herbert retired from BP at the end of 2016. He holds a B.Sc. in Geology from the University of Bristol in the UK. As of 31 December 2017, Mr. Herbert does not own any PGS shares.


Employee-elected Ordinary Board Members  

Anette ValbøAnette Valbø - Norway (1968)
Audit Committee
Board member since 2015
Shareholding: 1 742

Ms. Valbø joined PGS in 2002 and her current position is Bid Manager, Operations & Technology. She has previously worked as a financial controller for several PGS business areas. Prior to joining PGS, Ms. Valbø served in various positions within auditing and accounting in Frontline Ltd. and DNB. Ms. Valbø holds a B. Sc. in Accounting and Auditing from Molde University College, Norway.


Espen GrimstadEspen Grimstad - Norway (1974)
Remuneration and Corporate Governance Committee
Board member since 2015
Shareholding: 917

Mr. Grimstad has worked for PGS since 2001 and is currently employed as Senior Navigation Specialist, Operations & Technology. After 10 years offshore, working with navigation, he moved to PGS headquarters in the Operations Technical Support unit. Mr. Grimstad holds an M.Sc. in Geomatics from the Norwegian University of Life Science at Ås and the University of Glasgow. He is also the employee representative of PGS Tekna.


Hege RenshusHege Renshus - Norway (1968)
Audit Committee
Board member since 2017
Shareholding: 1 918

Ms. Renshus joined PGS in 1995 and is currently employed as Senior Navigation Specialist, Operations & Technology. She initially working offshore as a seismic navigator and subsequently in our Oslo office, in various technical and management positions within operations. Ms. Renshus holds an M.Sc. in Engineering from the Norwegian University of Science and Technology.