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The foundation for Vår Energi’s governance structure is Norwegian law, and the General Meeting is the company’s supreme body. The Board of Directors has overriding responsibility for managing Vår Energi and supervising the company’s operations and business in general.

Organisation

Vår Energi’s Articles of Association and the Norwegian Public Limited Liability Companies Act stipulate the General Meeting’s role and mandate. Pursuant to the company’s Articles of Association, an Annual General Meeting (AGM) must be held by the end of June each year.

All shareholders who are registered in the Norwegian Central Securities Depository (VPS) will receive an invitation to the general meeting. They are entitled to submit proposals and vote, directly or by proxy. Shareholders may also cast their vote electronically in a period before the general meeting.

The Vår Energi organisation is structured to be able to respond to our current and future business needs.


Executive committee

Vår Energi is led by six experienced leaders. They represent a wide range of skills and knowledge from extensive careers in the oil- and gas industry.


Board of Directors

The board is elected by The Annual General Meeting and is independent of management. The board of directors consists of the following members:

Thorild Widvey

Role: Chair
Year of birth: 1956
Appointed: 26. January, 2022

Other directorships:
Chair Bergen International Festival, BOD member QSPA. BOD member smaller companies.

Experience:
Thorhild Widvey has over 20 years of experience in the Norwegian public and private sectors, with a focus on the energy industry. She is, among other things, former Minister of Petroleum and Energy and State Secretary in the Ministry of Foreign Affairs. Thorhild has been chair of Statkraft, and member of the board at Solstad Offshore.   

Education:
Leadership

Citizenship:
Norwegian

Place of residence (country):
Norway

Liv Monica Bargem Stubholt

Role: Deputy chair
Year of birth: 1961
Appointed: 26. January, 2022

Other directorships:
Chair: Cadre AS, Silex Gas Norway AS, Green Ammonia Berlevåg AS. Board member: Sintef Energi AS, Enquest Plc, VNG AG, Nordic Ferries Infrastructure AS, Aker Carbon Capture AS, Gigante Salmon AS, Helse Sør Øst Regional Health Authority

Experience:
Liv Monica Bargem Stubholt is Partner at Selmer, a Norwegian corporate law firm, with a focus on ESG, governance and the energy sector. She has previously served as Investment Director at Aker ASA, President and CEO of Aker Seafoods ASA, CEO of Aker Clean Carbon AS, EVP in Kværner ASA, and State Secretary at the Norwegian Ministry of Foreign Affairs and the Ministry of Energy 

Education:
Master of Law from the University of Oslo. 

Citizenship:
Norwegian

Place of residence (country):
Norway

Francesco Gattei

Role: Board member
Year of birth: 1969
Appointed: 11. September, 2020

Other directorships:
None

Experience:
Francesco Gattei has over 25 years of experience in the oil and gas industry across various senior roles at Eni S.p.A. Group. He is currently Chief Financial Officer for Eni S.p.A. and has previously served as Upstream Director of the Americas, Head of Investor Relations, Secretary to Eni’s Advisory Board, Senior VP of Market Scenarios and Strategic Options, and Head of Upstream M&A. 

Education:
Francesco Gattei holds a Master in Energy and Environmental Management from the Scuola Mattei. Furthermore, he earned a degree in Economics and Commerce in 1994 at the University of Bologna with a thesis on the oil market. 

Citizenship:
Italian

Place of residence (country):
Italy

Guido Brusco

Role: Board member
Year of birth: 1970
Appointed: 10. December, 2021

Other directorships:
Chairman of Confindustria Energia (association of energy companies operating in Italy) 

Experience:
Guido Brusco has over 25 years of experience in the energy business for Eni SpA Group across different countries and senior positions. Guido is currently Chief Operating Officer Natural Resources for Eni S.p.A and has previously served as Upstream Director, Executive Vice President for the Sub-Saharan Region and Managing Director in Angola and Kazakhstan. 

Education:
Guido Brusco holds a degree cum laude in mehanical engineering from Università La Sapienza, Roma, Italy. 

Citizenship:
Italian

Place of residence (country):
Italy

Ove Gusevik

Role: Board member
Year of birth: 1965
Appointed: 26. January, 2022

Other directorships:
Cadre 

Experience:
Ove Gusevik is a senior partner at HitecVision, which he joined in 2021 from his role as Head of Investment Banking at SpareBank1 Markets. Ove Gusevik brings more than 30 years of investment banking experience, including being one of the founders of First Securities and serving as CEO Norway and Nordic Head of Energy at Alfred Berg ABN AMRO. His experience also includes being Chairman and board member of companies at the Oslo Stock Exchange. He has played a leading role in many of the largest energy industry transactions in Scandinavia, including within the oil and gas sector. 

Education:
Ove Gusevik holds a Master of Science degree in economic history from the London School of Economics as well as an MBA from the Middlebury Institute of International Studies in Monterey, California, where he was a Fulbright Scholar. He also holds a BA degree from the University of Agder. Further, he completed the officer training programme in the Norwegian Army during his military service. 

Citizenship:
Norwegian

Place of residence (country):
Norway

Fabio Ignazio Romeo

Role: Board member
Year of birth: 1955
Appointed: 26. January, 2022

Other directorships:
Epta Refrigeration S.p.A. Director, CESI S.p.A. Director, Elkat S.A. Vice Chairman 

Experience:
Fabio Ignazio Romeo has over 20 years of experience in the energy business, recently appointed as Fabio Ignazio Romeo is currently the Chairman for Oman Cables. Romeo worked as Chief Strategy Officer in Prysmian Group S.p.A. from January 2014 to April 2021. 

Education:
Fabio Ignazio Romeo holds an undergraduate degree in electrical engineering from Politecnico di Milano, and a graduate degree and doctorate in electrical engineering and computer science from the University of California, Berkeley. 

Citizenship:
Italian

Place of residence (country):
Italy

Francesca Rinaldi

Role: Board member
Appointed: 07. May, 2024

 

Claudia Almadori

Role: Board member
Year of birth: 1979
Appointed: 07. May, 2024

Other directorships:
BOD OGCI Climate Investments LLP (since January 2024)

Experience:
Claudia Almadori has 15 years of experience in the energy business for Eni SpA Group. She currently heads Eni CEO’s Office; she has previously held various positions in Eni, serving within the Internal Audit Department as Head of the Internal Audit relations with Governance Bodies and as team leader in health, safety & environment audit activities across the whole Eni SpA Group. Formerly she worked in a consultancy firm in projects related to HSE and sustainability, on behalf of companies and multinationals in different industrial sectors.

Education:
Claudia Almadori holds a degree cum laude in Environmental Engineering from University of Perugia (Italy); she also completed an international advanced training course on Social & Environmental Sustainability.

Citizenship:
Italian

Place of residence (country):
Italy

Jan Inge Nesheim

Role: Board member – employee elected representative
Year of birth: 1963
Appointed: 4. May, 2022

Other directorships:
None

Experience:
Jan Inge Nesheim has worked offshore for Vår Energi for more than 25 years (Exxon and Point Recources). He holds the position as Discipline Responsible Mechanical on Balder. Prior to joining the Company, he worked offshore for other companies such as Smedvig Drilling. During recent years, he has been an employee-elected board member representing the trade union SAFE, as well as the head of the local trade union. Previously, he has represented the employees in numerous committees, such as the Working Environment Committee and the Works Council. Nesheim has also served in multiple positions within the central SAFE trade union. 

Education:
Marine chief engineer 

Citizenship:
Norwegian

Place of residence (country):
Norway

Martha Skjæveland

Role: Board member – employee elected representative
Year of birth: 1966
Appointed: 4. May, 2022

Other directorships:
None

Experience:
Martha Skjæveland has worked for Vår Energi since 2006. Martha has more than 30 years of experience in the oil industry and across drilling, operations, projects, service companies and commercial. She has been the leader of the union Industri Energi within Vår Energi since 2010. She was also Eni Norge’s representative in the Eni Corporate European Works Council from 2011 to 2018, and deputy Board Member of Eni Norge’s board of directors from 2016 to 2018. 

Education:
Mixed within working environment and economics from different universities in Norway. 

Citizenship:
Norwegian

Place of residence (country):
Norway

Carl Anders Olof Kjörling

Role: Board member – employee elected representative
Year of birth: 1981
Appointed: 07. May, 2024

Other directorships:
None

Experience:
Carl Anders Olof Kjörling has worked for Vår Energi since 2012 (Eni Norge). He currently holds the position as Project Manager, and previously held several leadership positions within the company. He has more than 17 years’ experience in the industry and previously worked for other companies such as SLB (Schlumberger), NOV and Aker Solutions. He serves on the Board of Directors as an employee representative from Tekna which he also is the local leader for since 2023.

Education:
Carl Anders Olof Kjörling has a bachelor’s degree in mechanical engineering from Arizona State University in 2006 and a master’s degree in industrial economics from the University of Stavanger in 2012.

Citizenship:
Swedish and Norwegian

Place of residence (country):
Norway

 

Lilli Sahlman Fagerdal

Role: Board member – employee elected representative
Year of birth: 1981
Appointed: 07. May, 2024

Other directorships:
None

Experience:
Lilli Fagerdal has worked for Vår Energi since 2011. She currently holds the position of Project Quality and Risk Manager and previously worked in several departments in Vår Energi; Goliat Development Project in Korea, OR&A Goliat, HSEQ and leading Modification Projects. She has more than 25 years’ experience working in Operating Companies. She serves on the Board of Directors as an employee representative from NITO.

Education:
Lilli Fagerdal has a Bachelors’ degree in Automation, certificate of apprenticeship in Process operations and a certificate in PMP.

Citizenship:
Norwegian

Place of residence (country):
Norway

Alternate Directors:

Claudia Vignati for Francesco Gattei
Fabio Castiglioni for Guido Brusco
Veronica Orvedal Kiil, Trond Arvid Larsen and Anita Hommedal for Jan Inge Nesheim
Finn Volrat Pettersen, Jann Idar Johansen and Inger Helene Lindheim for Martha Skjæveland
Hege Susanne Blåsternes, Matthieu Angeli and Laura Vaiciulyte for Carl Anders Olof Kjörling
Terje Bondhus, Kjersti Aanderaa and Hans Erik Kolstrup Hansen for Lilli Sahlman Fagerdal

Board sub-committees

Audit Committee:

  • Liv Monica Bargem Stubholt – Chair
  • Ove Gusevik
  • Francesco Gattei
  • Bjørn Nysted (employee representative)

Audit Committee Instructions.

Safety & Sustainability Committee:

  • Marica Calabrese – Chair
  • Fabio Ignazio Romeo
  • Jan Inge Nesheim (employee representative)
  • Hege Susanne Blåsternes (employee representative)

Safety and Sustainability Committee Instructions.

 

Remuneration and Leadership Development Committee:

  • Thorhild Widvey – Chair
  • Guido Brusco
  • Martha Skjæveland (employee representative)

Mandate for the Board’s Remuneration and Leadership Development Committee.

Election Committee:

(Elected at AGM 07.05.2024 and valid till AGM in 2026)

  • Philip Duncan Hemmens – Chair
  • Lars Christian Bacher
  • Lars Erik Moen

Election Committee Instructions.

Goliat helipad

Annual General Meeting

The annual general meeting is the company’s highest authority.

All shareholders who are registered in the Norwegian Central Securities Depository (VPS) will receive an invitation to the general meeting.

All our previous annual general meetings are documented – please follow link below.

Annual general meeting

Internal Audit

Internal Audit (IA) is the independent control body of the company with responsibility for monitoring that the business at all times is subject to adequate management and control. The purpose of IA is to provide independent, objective assurance and consulting services designed to add value and improve the company’s operations. 

The IA function helps Vår Energi accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management, and control processes. The scope of IA activities encompasses, but is not limited to, objective examinations of evidence for the purpose of providing independent assessments to the Board and the executive committee. 

Internal Audit’s main responsibilities are:

  • Establish risk-based annual audit plans 
  • Planning, execution and communication of audits 
  • Monitor company’s follow-up of audits 
  • Provide consulting services related to governance, risk and control 
  • Conduct incident and misconduct investigations 
  • Examine compliance with Vår Energi’s code of ethics and anti-corruption laws and regulations 
  • Prepare reports for board’s audit committee and the executive committee 

The senior vice president of Internal Audit

  • is directly subordinated to the Board of directors and the chief executive officer (CEO) 
  • leads the Vår Energi Whistleblowing committee 

External auditor

The company’s external auditor is independent in relation to Vår Energi and is elected by the Annual General Meeting. The fee for the company’s auditor must be approved by the company’s Annual General Meeting. Pursuant to the instructions, the Board’s Audit Committee is responsible for ensuring that the company is subject to an independent and effective external and internal audit. When evaluating the external auditor, emphasis is placed on the firm’s competence, capacity, local and international availability and the size of the fee.