SDFI and Petoro annual report 2020
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Board of directors of Petoro

Gunn Wærsted. Photo: Anne Lise Norheim

Gunn Wærsted


Year of election: 2014
Other directorships: Chair Telenor; director Nationwide Building Society, director Fidelity Int, director Saferoad
Education: MBA, BI Norwegian Business School.
Career: Executive vice president in DnB responsible for capital management and life insurance, in addition to being chief executive in Vital Forsikring ASA and member of corporate executive management, 1999-2002; CEO, SpareBank 1 Gruppen AS, and head of 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. Photo: Anne Lise Norheim

Brian Bjordal

Deputy chair

Year of election: 2016
Occupation: Self-employed
Other directorships: Deputy chair Helse Fonna health trust, chair 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 and 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.

Kristin Skofteland

Kristin Skofteland


Year of election: 2020
Occupation: Chief Commercial Officer & Legal Counsel Beyonder AS
Education: Law degree from the University of Tromsø, Attorney and TRIUM Executive MBA
Career: Various positions in Total Norge AS, including Legal Director and then Director of Gas and Oil Sales, Strategy, Business Development and R&D.

Trude J. H. Fjeldstad. Photo: Anne Lise Norheim

Trude J. H. Fjeldstad


Year of election: 2015
Occupation: Vice President Portfolio Management New Business in Statkraft AS as well as chief executive in Statkraft Tofte AS
Education: Economics degree, University of Oslo, financial analyst and MBA in corporate finance, Norwegian School of Economics.
Career: Various positions in Statkraft and Hydro including chief executive in Statkraft Treasury Centre SA; secretary to the board, Statkraft; senior gas manager, Statkraft; and portfolio manager for gas in Norsk Hydro. 

Hugo Sandal. Photo: Anne Lise Norheim

Hugo Sandal


Year of election: 2017
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.
May Linda Glesnes

May Linda Glesnes

Director (elected by the employees)

Year of election: 2020
Occupation: Senior financial adviser, Petoro AS
Education: MSc in Business from University of Edinburgh, Master’s degree in finance from the University of Wollongong.
Career: Senior financial adviser in Petoro, senior project economist in Subsea 7, financial adviser at Sparebank1 in Kongsberg.
Ragnar Sandvik

Ragnar Sandvik  

Director (elected by the employees)

Year of election: 2018
Occupation: Senior adviser, Strategic analysis, 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.
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