Executive Management

Experienced, effective and diverse leadership

Martin Ackermann
Anders Onarheim

Chief Executive Officer

Anders Onarheim's extensive knowledge in management, business development and capital markets was acquired when he was Managing Director in companies within Carnegie Group for over 16 years, prior to joining BW LPG in 2020.

Prior to Carnegie, Mr Onarheim served as the Head of Equities of Enskilda Securities Norway from 1994 to 1996. From 1990 to 1994, he served as an Executive Director in the Investment Banking division of Goldman Sachs in the UK. From 1986 to 1990, he was Vice President for institutional sales in Merrill Lynch in the US and the UK. Mr Onarheim has held numerous board memberships within different industries, and is currently Chairman of North Energy ASA and Vice Chairman of Reach Subsea ASA. He served on the BW LPG Board from 21 November 2013 to 20 May 2020.

He holds an MBA from the Washington University in St. Louis, where he graduated in 1986.

Born: 1959

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Martin Ackermann
Elaine Ong
Chief Financial Officer

Elaine Ong has over 20 years of experience in all aspects of Finance.

Prior to joining BW LPG in 2015, Ms Ong was Senior Vice President, Finance, at BW Group since 2011.
She had also held various Finance leadership positions at Kraft Foods and Teekay Corporation.

Ms Ong is a Chartered Accountant (1996) with the Chartered Professional Accountants of Canada and holds a Bachelor of Commerce degree from University of British Columbia.

Born: 1972

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Martin Ackermann
Niels Rigault
Executive Vice President, Commercial

Niels Rigault has 15 years of experience in competitive shipbroking. Prior to joining BW LPG in 2016, he was Senior Partner and Member of the Project department at Inge Steensland. He holds a bachelor’s in business economics from Vrije Universiteit Brussel / Vesalius College and a degree in Marketing from BI Norwegian Business School.

Born: 1976

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Martin Ackermann
Pontus Berg
Executive Vice President, Technical and Operations

Pontus Berg has over 20 years of shipping experience from Ship Owners and Technical Management companies. Mr Berg has sailed up in the rank of Chief Engineer.

Prior to joining BW LPG in 2015, Mr. Berg was General Manager & Director General of Greenship Gas France and prior that Technical Manager in Evergas and in Eitzen Gas. Mr Berg holds a Bachelor of Science in Marine Engineering from Kalmar University.

Born: 1976

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Board of Directors

Martin Ackermann
Andreas Sohmen-Pao

Andreas Sohmen-Pao has been Chairman of the Board of BW LPG Limited since 1 September 2013.

Mr Sohmen-Pao is currently Chairman of BW Group and its other listed entities, including BW Offshore, Hafnia, Epic Gas and BW Energy. He is also Chairman of the Singapore Maritime Foundation and a trustee of the Lloyd’s Register Foundation.

Mr Sohmen-Pao was previously Chief Executive Officer of BW Group. He has also served as a non-executive director of The Hongkong and Shanghai Banking Corporation Ltd, The London P&I Club, The Esplanade Co Ltd, National Parks Board Singapore, Sport Singapore and the Maritime and Port Authority of Singapore amongst others.

Mr Sohmen-Pao graduated from Oxford University in England with an honours degree in Oriental Studies and holds an MBA from Harvard Business School.

Mr Sohmen-Pao has attended 4 of 4 board meetings in 2019.

Born: 1971

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Martin Ackermann
Andrew E. Wolff
Mr. Andrew E. Wolff has served on the BW LPG Board since 20 May 2020 as an independent director.

He was most recently Global Co-Head of the Merchant Banking Division (“MBD”), Head of MBD International and Global Co-Head of Private Equity for Goldman Sachs. He was the Co-Chief Investment Officer of the flagship Merchant Banking private equity funds. Mr Wolff was a member of the European Management Committee, Corporate Investment Committee, Infrastructure Investment Committee, and Co-Chairman of the Growth Equity Investment Committee. Mr Wolff joined Goldman Sachs in 1998 in the Principal Investment Area and was named Managing Director in 2005 and Partner in 2006.

He has experience investing across global markets and has served on the boards of companies in the United States, Canada, Argentina, Brazil, Japan, China, Korea, the United Kingdom, France, Norway and Denmark.

Mr. Wolff earned a BA in Philosophy from Yale University in 1991 and a JD and MBA from Harvard Law School and Harvard Business School, respectively, in 1998.

Born: 1969

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Martin Ackermann
Anne Grethe Dalane

Anne Grethe Dalane has served on the BW LPG Board since 21 November 2013 as an independent director.

She has been with Yara since 2003. Prior to this, Ms Dalane has held various senior management positions at Norsk Hydro in the areas of Human Resources, Corporate Strategy and Finance.

Her board experience includes Hafslund, EDB Business Partners, Prosafe and Petroleum Geo Services. Ms Dalane is a certified financial analyst and holds an MBA from Norwegian School of Economics.

Ms Dalane has attended 4 of 4 board meetings in 2019.

Born: 1960

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Martin Ackermann
Martha Kold Bakkevig

Martha Kold Bakkevig has served on the BW LPG Board since 15 August 2017 as an independent director.

Ms Bakkevig currently serves as the CEO of Steinsvik Group and spent prior to that 10 years as Chief Executive Officer of DeepWell, an oil service company operating in the North Sea. Her term ended in 2016.

Ms Bakkevig has extensive experience in management, strategy and business development, and a broad academic background with a doctor’s degree in both technical and business strategical subjects. She holds a Master’s degree and PhD from the Norwegian University of Science and Technology (NTNU) and a Doctorate in Economics from BI Norwegian Business School.

She is also non-executive director of public listed company Kongsberg Group.

Ms Bakkevig has attended 4 of 4 board meetings in 2019.

Born: 1962

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Martin Ackermann
Sonali Chandmal

Sonali Chandmal has served on the BW LPG Board since 20 May 2020 as an independent director.

She is currently a partner at A Lamot Incobel & Co, an advisory firm sourcing, structuring and funding private equity opportunities and funds in real estate and infrastructure in Europe, India and America.

Ms Chandmal currently serves on the Board of Directors and Audit Committee of Ageas SA/NV and Medicover AB, and on the Board of Directors of the Harvard Club of Belgium. She is also the Vice-Chair of the Board of Trustees at the International School of Brussels. From 1997 to 2017, she worked at Bain & Company, a leading global strategy and management consulting firm, at its offices in San Francisco, London and Brussels. Prior to that, Ms Chandmal worked at Robertson Stephens & Company, an investment bank specializing in high technology IPOs and mergers & acquisitions.

Ms Chandmal holds a BA in Economics from the University of California at Berkeley, and a Master of Business Administration at the Harvard University Graduate School of Business Administration.

Born: 1968

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Nomination Committee

The Nomination Committee comprises Mr Andreas Sohmen-Pao (Chairman), Mr Bjarte Bøe and Ms Elaine Yew Wen Suen as members. The Nomination Committee is responsible for nominating persons for election as directors, providing recommendations on the suitability of candidates for election as a director and to make recommendations for the remuneration of the directors. The Nomination Committee also proposes candidates for election to the Nomination Committee and proposes the remuneration to be paid to the members of the Nomination Committee. 

The Guidelines for the Nomination Committee are available here.
BW LPG Limited's Guidelines on Executive Remuneration are available for download here.

Martin Ackermann
Bjarte Bøe

Mr Bjarte Bøe has over thirty years of experience in the finance industry. He currently serves as a Director of Hermitage Offshore, a NYSE listed company and Agera Venture, a Norwegian venture capital company.

Mr Bøe is a member of the Nomination Committee of BW Offshore Limited and Chairman of the Investment Committee at SEB Venture Capital, a subsidiary of Skandinaviska Enskilda Banken AB (publ), or SEB, a Nordic financial services group, where from 1995 to June 2019, he held a range of management positions. He most recently served as Head of Shipping and Offshore Finance at SEB, and was Global Head of Investment Banking at SEB Stockholm between 2012 and 2016. Mr Bøe previously held various other bank related management positions at Christiania Bank between 1986 and 1995, a Norwegian bank that later merged with MeritaNordbanken to become Nordea, and was a shipbroker at R.S. Platou between 1983 and 1986.

Mr Bøe has an MBA from the Norwegian School of Economics and Business Administration, graduated in 1983.

Born: 1957
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Martin Ackermann
Elaine Yew Wen Suen

Ms Elaine Yew Wen Suen is a Senior Partner in Egon Zehnder, one of the world's largest executive search and talent strategy firm. Ms Yew’s focus is on CEO and C-suite succession planning, and board effectiveness and she also advises clients on CEO development, top team effectiveness, and organisational culture.

Before joining the firm, Ms Yew led an industry change program while at Global Freight Exchange, the world's first Internet-based global marketplace for air cargo. Prior to that, she was Executive Director with Goldman Sachs in the European Equities Division and was a Consultant with Monitor Company. Ms Yew started her career with the Singapore Economic Development Board, helping Singapore companies develop their presence in Indochina and Myanmar in the early 1990s. She currently serves on the Board of Trustees of the National University of Singapore and chairs the Industry Advisory Board of NUS’ Centre for FutureReady Graduates. Ms Yew also serves on the Board of Governors of the Convent of the Holy Infant Jesus group of schools in Singapore, the Board of Workforce Singapore and the Advisory Board of Women’s Forum Singapore. Ms Yew is a member of the Asia Advisory Board of Allianz and sits on the board of The Majurity Trust and chairs the Tangent Initiative.

Ms Yew has a BA with Honours in English and Drama from the University of Kent and an MBA from INSEAD in Fontainebleau, France.

Born: 1967

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Audit Committee

The Audit Committee is responsible for approving the Board’s annual review of the Company’s most important areas of exposure to risk and its internal control arrangements, as well as an annual supervisory plan for internal audit work. The Audit Committee follows up on internal controls in connection with quarterly reviews of the Group’s financial reporting. At least once a year, the Board and the Audit Committee review the Company’s internal control procedures relating to its financial reporting process. The Audit Committee consists of Ms Anne Grethe Dalane (Chairman) and Ms Sonali Chandmal, both of whom are also members of the Board.

The Guidelines for the Audit Committee are available here.

Remuneration Committee

The Remuneration Committee ensures thorough and independent preparation of matters relating to compensation paid to the Executive Personnel. The Remuneration Committee consists of Mr Andreas Sohmen-Pao (Chairman) and Ms Martha Kold Bakkevig, both of whom are also members of the Board.

The Guidelines for the Remuneration Committee are available here.

Corporate Governance

At BW LPG, we conduct our business with high ethical standards and in compliance with relevant laws. The Corporate Governance Guidelines can be found here. Please refer to further information about our Corporate Governance here.