Board of Directors

Profiles of our board members, length of tenure and their committee responsibilities. PGS shareholdings are dated 31 March 2018.

Walter Kvam

Walter Qvam - Norway (1953)
Chairperson (elected 2016)
Board member since 2013

Chair: Remuneration and Corporate Governance Committee (elected 2018)
Shareholding: 25 000

Mr. Qvam was previously president and CEO of Kongsberg Group ASA. He has held leading positions in various prominent Norwegian and international businesses in a variety of fields, including oil and 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). He is the chairperson of the Council of Stiftelsen Det Norske Veritas, of Digital Norway, and the research organization SINTEF.  

 

Anne Grethe DalaneAnne Grethe Dalane - Norway (1960)
Board member since 2013
Chair: Audit Committee (elected 2015)
Shareholding: 10 000

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 of Crop Nutrition at Yara International. Her previous experience covers a range of fields, including HR and 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 an MBA from the Norwegian School of Economics.

  

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

Mr. Borge is CEO of Ferd. 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 the chief financial officer at Interwell AS and held various positions within the audit company PwC. He currently serves as board member for Aibel, and Interwell. Morten Borge graduated M.Sc. Finance from the Norwegian School of Management where he also qualified as a Certified Public Accountant.

  

Richard HerbertRichard Herbert  - UK (1958)
Board member since 2017
Member: Audit Committee
Shareholding: zero

Mr. Herbert is currently CEO of Frontera, however, 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. He holds a B.Sc. in Geology from the University of Bristol in the UK. 

 

Marianne KahMarianne Kah - USA (1953)
Board member since 2018
Member: Audit Committee
Shareholding: zero

Mrs. Kah was the Chief Economist of ConocoPhillips from 1992 to 2017, she was also a member of the company’s Corporate Strategy Committee. Prior to this, she was a manager of Corporate Planning for Cabot Corporation, and held various positions in Conoco and U.S. Synthetic Fuel Corp, and was a policy analyst for the US General Accounting Office. She is currently a Senior Research Scholar and member of the advisory board at Columbia University Center on Global Energy Policy; a member of the US Advisory Board for Kayrros and the advisory board of the University of Texas Energy Institute; president-elect of the US Association for Energy Economics and head of its strategic planning group.

 

Employee elected Ordinary Board Members  

Anette ValbøAnette Valbø - Norway (1968)
Board member since 2015
Member: Audit Committee
Shareholding: 7 142

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)
Board member since 2015 
Member: Remuneration and Corporate Governance Committee
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. He is also the employee representative of PGS Tekna. Mr. Grimstad holds an M.Sc. in Geomatics from the Norwegian University of Life Science and the University of Glasgow. 

   

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

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