Petoro - a driving force on the Norwegian continental shelf

SDFI and Petoro annual report 2018
Styret i Petoro. Foto: Elisabeth Tønnesen

The board in Petoro AS

Standing from left: Trude J. H. Fjeldstad, Ragnar Sandvik, Anne-Cathrine Nilsen, Per A. Schøyen and Brian Bjordal. Sitting: Hugo Sandal and Gunn Wærsted. (Photo: Elisabeth Tønnessen)
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Gunn Wærsted

Year of election:
Other directorships: Chair Telenor; director Nationwide, director Fidelity International
Education: MBA, BI Norwegian Business School.
Career: Executive vice president in DnB responsible for capital management and life insurance; CEO, Vital Forsikring ASA and member of corporate executive management, 1999-2002; CEO, SpareBank 1 Gruppen AS, and head, SpareBank 1 Alliance, 2002-2007. Global head of wealth management, president of Nordea Bank Norge and member of the corporate executive management of Nordea, 2007-2016.

Brian Bjordal

Deputy chair
Year of election:
Occupation: Self-employed
Other directorships: Deputy chair Helse Fonna health trust, director FKH Stadion A/S 
Education: Civil engineer, BSc, Heriot-Watt University, Edinburgh
Career: 1977-1979: Stoltz Røthing (construction); 1979-1984: Taugbøl & Øverland; 1984-2001: Statoil ASA, Senior Engineer pipelines & structures; head of Pipeline & Platform Inspection, asset owner representative Europipe development, head of early-phase studies Europipe II, Åsgard Transport, Ekofisk by-pass, Franpipe, director of Process plant Kårstø, director Troll / Sleipner area (Development and Production Norway); 2001-2015: Gassco AS, President and CEO.


Year of election:
Occupation: Consultant
Education: Law degree, various management programmes
Career: Partner, Kluge, 2005-2014. With Esso/ExxonMobil 1977-2004, head of corporate affairs from 1989, other positions in Norway and abroad. Also judge and assistant police attorney as well as scientific assistant, University of Oslo. 


Year of election:
Occupation: Self-employed.
Education: Civil engineer from NTH (now NTNU) and Degree of Engineer from Stanford University.
Career: Various positions in Saga Petroleum during the period 1976-1987. Consultant in Railo International from 1987-1989. Chief executive in Sabico AS 1989-1991, primary activities aquaculture and biotechnology. Worked for Deminex, later DEA from 1991, chief executive since 1996 until reaching retirement age in 2016. Director Saga Petroleum 1983-1985. Chair OLF, (now NOROG), 1999-2003. Member of NHO’s executive committee 2000-2004.

Trude J H Fjeldstad

Year of election:
Occupation: VP Portfolio Manager New Business in Statkraft AS
Education: Economics degree, University of Oslo, financial analyst and MBA in corporate finance, Norwegian School of Economics.
Career: Previously chief executive in Statkraft Treasury Centre SA; secretary to the board, Statkraft AS; senior gas manager, Statkraft; chief executive, Paine de l’Ain Power SAS and portfolio manager for gas in Norsk Hydro ASA.


Director (elected by the employees)
Year of election:
Occupation: Senior adviser; licence follow-up, Petoro AS.
Education: MSc in Business Economics with specialisation in finance from NHH
Career: Broad experience as senior adviser for Strategy, Commercial and Economics in Petoro, as well as consultant in Accenture for change management, process improvement and system implementation.


Director (elected by the employees)
Year of election:
Occupation: Team lead commercial affairs, Petoro AS
Education: MSc in Business from the Business School at the University College of Bodø (now Nord University), 2-year specialisation/cand.merc. from NHH and cand.mag. from the University of Tromsø. 
Career: Senior commercial adviser and senior marketing and sales adviser in Petoro AS, Chief Negotiator - Gas Sales and Specialist Commercial Coordinator in TOTAL E&P NORGE AS, senior market analyst in Statoil, researcher for Fiskeriforskning AS and trainee at Credit Suisse.