Board of Directors

Mr Kristian Siem*

Chairman

Mr Siem brings an extensive knowledge of the offshore oil and gas services business worldwide from previous senior executive and non-executive roles combined with long-standing experience as chairman of public companies listed in the USA, UK and Norway. Mr Siem is the founder of the Siem Industries Group and has been Director and Chairman of Siem Industries since 1982. Prior to joining the Group, he held several management positions with the Fred. Olsen Group in the US and Norway. Mr Siem has previously held directorships and executive positions at Kvaerner ASA, Transocean Inc. and Norwegian Cruise Line. He holds a degree in Business Economics.

_{* Kristian Siem is the permanent representative of Treveri S.à r.l. on the Board of Directors. Treveri S.à r.l., a Luxembourg incorporated company, wholly owned by Kristian Siem, was appointed Director and Chairman on 18 April 2023.}

Date of appointment:
Appointed Director and Chairman of Subsea 7 S.A. from January 2011, upon the merger of Acergy S.A. and Subsea 7 Inc.  Mr Siem was Chairman of Subsea 7 Inc. from January 2002.

Committee Membership:
Chairman of Compensation Committee
Chairman of Tender Committee
Corporate Governance and Nominations Committee

Key external appointments:
Chairman of Siem Industries S.A., Director of Siem Offshore Inc., Siem Shipping Inc. (formerly Star Reefers Inc.) and Frupor S.A.
  

Nationality and date of birth:
1949

Tenure:
Elected by shareholders on 18 April 2023 until the 2025 AGM.

Independent: No

David Mullen, 
Senior Independent Director

Mr Mullen brings over 40 years’ experience in the oil services business. He has previously held the position of CEO at two other companies in the subsea industry, Wellstream Holdings PLC and Ocean Rig ASA. Prior to these appointments he was Senior Vice President of Global Marketing, Business Development and M&A at Transocean from 2005 to 2008. Mr Mullen also had a 23-year career at Schlumberger, including as President of Oilfield Services for North and South America. He holds a Bachelor of Arts degree in Geology and Physics from Trinity College, Dublin, and an MSc degree in Geophysics from the National University of Ireland.

Date of appointment:
Appointed a Non-Executive Independent Director from April 2018 and Senior Independent Director from January 2021.

Committee membership:
Chairman Corporate Governance and Nominations Committee
Audit Committee

Key external appointments:
CEO and Director of Shelf Drilling Limited. Chairman and Director of Shelf Drilling North Sea Limited.  

Nationality and date of birth:
1958

Tenure:
Re-elected by shareholders on 12 April 2022 until the 2024 AGM.

Independent: Yes

Eldar Sætre
Independent Director

Mr Sætre brings a wealth of experience in the energy sector combined with extensive knowledge of accounting and finance. Mr Sætre was President and CEO of Equinor from February 2015 until he stepped down in November 2020. As CEO he was extensively engaged in transforming the cost base in the company and creating a more resilient global business, as well as transitioning Equinor into a broader energy company focused on low carbon strategies and new energy solutions. Prior to becoming CEO, Mr Sætre held several senior management positions in the company, mainly in the fields of accounting, finance and performance management as well as marketing and trading. Mr Sætre has an MA in Business Economics from the Norwegian School of Economics and Business Administration (NHH) in Bergen.

Mr Sætre is the Board's expert on Sustainability including climate-related matters.  

Date of appointment:
Appointed a Non-Executive Independent Director from June 2021.

Committee membership:
Audit Committee and Tender Committee

Key external appointments:

Director of Fjord Base Holding AS and Trucknor AS.
Chairman of the boards of Strømberg Gruppen AS, Vartdal Holding AS and Vartdal Plastindustri AS.
Chairman of the Advisory Board of Vard Group AS and advisory role at Nysnø Climate Investments.

Nationality and date of birth:
1956

Tenure:
Re-elected by shareholders on 18 April 2023 until the 2025 AGM.

Independent: Yes

Jean Cahuzac,
Director

Mr Cahuzac has wide multicountry technical, commercial and general management experience in senior executive roles in the oil and gas services sector spanning a period of 40 years. He was appointed Chief Executive Officer of Acergy S.A. in 2008 and in 2011, post merger, became the Chief Executive Officer of Subsea 7 S.A., a position he held until his retirement in December 2019. Mr Cahuzac was Chief Operating Officer and then President at Transocean from 2000 to 2008. He worked at Schlumberger from 1979 to 1999 in various field management positions and then as President of Sedco Forex. He holds a Master’s degree in Engineering from École des Mines de St-Étienne and is a graduate of the French Petroleum Institute in Paris.

Date of appointment:

Appointed a Director from May 2008 (then named Acergy S.A.).

Committee membership:

Compensation Committee and Tender Committee

Key external appointments:
Member of the Supervisory Board of Société Phocéenne de Participations.

Member of the Board of Directors, Seadrill Limited   

Nationality and date of birth:
1954

Tenure:
Re-elected by shareholders on 12 April 2022 until the 2024 AGM.

Independent: No

Niels Kirk,
Independent Director

Mr Kirk brings to the role over 35 years of international corporate and structured finance experience combined with extensive knowledge of the energy, power and resource sectors at executive level.

He is a co-founder and Chief Executive of the energy advisory firm Kirk Lovegrove and Company Ltd. Prior to this, he worked at Citibank and Banque Paribas. Mr Kirk holds an MBA in Finance and International Business from the Stern School at New York University.

Mr Kirk is the Board's expert on Risk.

Date of appointment:
Appointed a Non-Executive Independent Director from April 2018.

Committee membership:
Corporate Governance and Nominations Committee and Compensation Committee

Key external appointments:
Co-founder and CEO of Kirk, Lovegrove and Company Ltd.

Nationality and date of birth:
1962

Tenure:
Re-elected by shareholders on 12 April 2022 until the 2024 AGM.

Independent: Yes

Elisabeth Proust Van Heeswijk,
Independent Director

Ms Elisabeth Proust Van Heeswijk has extensive multi-country experience in the oil and gas sector at an executive level after spending more than 35 years at Total. With a background in engineering, Ms Elisabeth Proust Van Heeswijk began her career as a drilling engineer at ELF, becoming a development engineering and project management specialist, which led to her appointment as the first female vice president for development engineering for Total worldwide. As her career progressed she held several senior leadership roles as a managing director of Total’s affiliates in Indonesia, Nigeria and finally, the UK.

Ms Elisabeth Proust Van Heeswijk holds a Master’s degree in Engineering / Hydrodynamics from École Centrale de Nantes and is a graduate of the French Petroleum Institute in Paris.

Date of appointment:
Appointed an Independent Non-Executive Director on 18 April 2023. Ms Proust Elisabeth Van Heeswijk previously served on the Board of Directors between April 2019 and April 2021.

Committee membership:
Audit Committee

Nationality and date of birth:
1956

Tenure:
Re-elected by shareholders on 18 April 2023 until the 2025 AGM.

Independent: Yes