Executive Management

Experienced, effective and diverse leadership.

Martin Ackermann
Martin Ackermann
Chief Executive Officer
210,611 shares

Martin Ackermann, born 1977, is Chief Executive Officer of BW LPG. He has over a decade of international management experience within the maritime industry. Before joining BW LPG, Mr Ackermann was Chief Executive Officer of Evergas A/S and Managing Director of Eitzen Gas and B-Gas, where he led the rejuvenation of the former Eitzen Gas fleet.

Mr Ackermann was previously with Sigas Kosan A/S from 2003 and 2005 and with Lauritzen Kosan A/S from 1998-2003. He has received executive qualifications from INSEAD, China Europe International Business School, The Oxford Princeton Programme and Copenhagen Business School. Mr Ackermann is a member of the Institute of Chartered Shipbrokers.

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Elaine Ong
Elaine Ong
Chief Financial Officer
10,630 shares

Elaine Ong, born 1972, is Chief Financial Officer of BW LPG. She has over 20 years of experience in all aspects of Finance. Ms Ong is responsible for the Corporate Finance, Financial Reporting, Investor Relations and Information Technology departments at BW LPG.

Prior to this, Ms Ong was Senior Vice President, Finance and Head of the Finance organisation at BW Group. She joined BW Group as Vice President, Finance in 2011.

From 2009 to 2011, Ms Ong was the Internal Audit Lead for Kraft Foods Asia Pacific and prior to that, she was with Teekay Corporation based in Vancouver and Singapore from 1999 to 2009, holding various positions in Finance. Her last position at Teekay was Vice President, Global Financial Projects & Systems and Regional Controller for Asia Pacific.

Ms Ong started her post-graduate career with Ernst & Young in Vancouver, Canada from 1993 to 1999 and is a Chartered Accountant (1996) with the Institute of Chartered Accountants of British Columbia, Vancouver, Canada. She holds a Bachelor of Commerce degree from the University of British Columbia, Vancouver, Canada.

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Niels Rigault
Niels Rigault
Executive Vice President, Commercial
96,000 shares

Niels Rigault, born 1976, is Senior Vice President, Commercial of BW LPG. He has 15 years of experience in competitive shipbroking and in all areas of maritime LPG. Prior to joining BW LPG, Mr Rigault was Senior Partner and Member of the Project department at Inge Steensland where he was responsible for long-term time charters, newbuildings and second-hand vessel transactions. He joined Inge Steensland as a broker in 2006.

Mr Rigault started his career as a broker at Lorentzen and Stemoco A/S in 2002. He holds a Bachelor in Business Economics from Vrije Unviveriteit Brussel / Vesalius College and a degree in Marketing from BI Norwegian Business School.

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Pontus Berg
Pontus Berg
Executive Vice President, Technical and Operations
6,495 shares

Pontus Berg, born 1976, is Senior Vice President, Technical and Operations of BW LPG. He has over 20 years of shipping experience, of which his past eight have been in senior technical managerial positions in Ship Operating and Technical Management companies. Mr Berg has worked in all ranks in engineering, up to and as Chief Engineer.

Previously, Mr Berg was General Manager and Director General of Greenship Gas France, a Jaccar Group Company. There he headed a fleet of Ethylene carriers and a series of Multigas dual-fuelled newbuildings. Prior to this he worked as Technical Manager in Evergas A/S and in Eitzen Gas. Mr Berg holds a Bachelor of Science in Marine Engineering from Kalmar Merchant Marine University and is a member of the DNV-GL and Lloyd's Registers Southeast Asia Technical Committee.

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Board of Directors
Andreas Sohmen-Pao
Andreas Sohmen-Pao
Chairman
NIL shares

Andreas Sohmen-Pao, born 1971, is Chairman of BW Group, BW LPG, BW Offshore, Singapore Maritime Foundation and Hafnia Tankers. He is also non-executive director of Singapore National Parks Board, Singapore Symphony Orchestra and a trustee of the Lloyd’s Register Foundation. He has served as Chairman of the Board of BW LPG Limited since 1 September 2013.

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

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

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John Barrie Harrison
John Barrie Harrison
Vice Chairman

John Barrie Harrison, born 1956, is an independent non-executive director of AIA Group Limited, Cathay Pacific Airways Limited and Grosvenor Asia Pacific Limited. He is Chair of Grosvenor Asia Pacific Limited's audit committee. He is also an independent non-executive director of BW Group Limited and has been Vice Chairman of BW LPG Limited since 2013.

Mr Harrison was an independent non-executive director of Hong Kong Exchanges and Clearing Limited, The London Metal Exchange Limited, and LME Clear Limited. Mr Harrison was previously a council member, standing committee member and honorary treasurer of The Hong Kong University of Science and Technology until 2016.

From 2008 to 2010, Mr Harrison was Deputy Chairman of KPMG International. In 2003, he was elected Chairman and Chief Executive Officer of KPMG, China and Hong Kong and Chairman of KPMG Asia Pacific. Mr Harrison began his career with KPMG in London in 1977, becoming a partner of KPMG Hong Kong in 1987. From 2012 to 2015, he was also a member of the Asian Advisory Committee of AustralianSuper Pty Ltd. Mr Harrison is a Fellow of the Institute of Chartered Accountants in England and Wales and a member of the Hong Kong Institute of Certified Public Accountants. In 2017, Mr Harrison was awarded an Honorary Fellowship from the Hong Kong University of Science and Technology.

Mr Harrison was educated at Durham University in England, from which he graduated in 1977 with a Degree in Mathematics. Mr Harrison is a UK citizen, and resides in Hong Kong.

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Anders Onarheim
Anders Onarheim
30,000 shares

Anders Onarheim, born 1959, has extensive knowledge in management, business development and capital markets after holding the position of managing director in companies within Carnegie Group for over 16 years. 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 the Vice President for institutional sales in Merrill Lynch in the US and the UK. He has served on the Board of BW LPG Limited since 21 November 2013.

Mr Onarheim has held numerous board memberships within different investment firms. He holds an MBA from Washington University in St. Louis, where he graduated in 1986.

He is a Norwegian citizen, and resides in Norway.

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Andreas Beroutsos
Andreas Beroutsos
NIL shares

Andreas Beroutsos, born 1965, is the Executive Vice President, Private Equity and Infrastructure, for La Caisse de depot et placement du Quebec. Previously, Mr Beroutsos was the founder and Managing Partner of One Point Capital Management, a private equity firm, and partner and Senior Managing Director at Eton Park Capital Management, where he led Private Investments. He has served on the Board of BW LPG Limited since 21 November 2013.

He spent the first 17 years of his career at McKinsey & Co. in New York, where he was a Director and senior partner, serving as head of the Global Private Equity practice and senior leader of the Financial Institutions Group. In 2013 Mr Beroutsos served on the General Council (Board of Directors) of the Hellenic Financial Stability Fund in Greece, as an independent member. Mr Beroutsos holds BA and MBA degrees from Harvard University, both with high honours. He is a Greek citizen, a United States permanent resident, and resides in New York.

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Anne Grethe Dalane
Anne Grethe Dalane
NIL shares

Anne Grethe Dalane, born 1960, is Chief Financial Officer Downstream at Yara International. She has been with Yara since 2003. Prior to this, Ms Dalane has held various executive positions at Norsk Hydro from 1992 to 2003, in the areas of Human Resources, Corporate Strategy and Finance. She has served on the Board of BW LPG Limited since 21 November 2013.

Ms Dalane’s Board experience includes Hafslund, EDB Business Partners and Prosafe. She is a certified financial analyst and holds a Master of Business and Administration from Norwegian School of Economics.

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Martha Kold Bakkevig
Martha Kold Bakkevig
7,326 shares

Martha Kold Bakkevig, born 1962, is the founder and Managing Partner of MKOLD and owner of Kold Invest AS. Prior to this, Ms Bakkevig was for almost ten years, until 2016, Chief Executive Officer of Deepwell, an oil service company operating in the North Sea.

Ms Bakkevig has extensive experience in management, strategy and business development and a broad academic background with doctorate degrees in both technical and business strategy 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 companies such as Kongsberg Group, Borregaard, Reach Subsea and Incus Investor. Ms Bakkevig has served on the Board of BW LPG Limited since 15 August 2017. She is a Norwegian citizen, and resides in Norway.

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Corporate Governance

Corporate governance in BW LPG is governed by the Bermuda Companies Act and the Company’s Memorandum of Association and Bye–laws. In addition, certain aspects of the Company's corporate governance are governed by the Norwegian Securities Trading Act, the Norwegian Stock Exchange Regulations and the Continuing Obligations for Companies Listed on the Oslo Stock Exchange. BW LPG Limited's Guidelines on Executive Remuneration are available for download here.

BW LPG Limited's Bye-laws are available for download here.

Nomination Committee

The Nomination Committee comprises Mr Andreas Sohmen-Pao (Chairman), Mr Ronny Langeland and Mr Thomas Wamberg 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.

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Ronny Johan Langeland
Committee Member

Ronny Johan Langeland, member of the Nomination commitee, born 1962, runs his own investment and consultancy company. Mr Langeland’s previous appointments include vice president for investment at Storebrand and Avanse Forvaltning. He has also held a number of other directorships. Mr Langeland is currently the Vice Chairman of BW Offshore, and was previously a Director of Prosafe Production from 2008, and then Chairman from 2010 until October 2010. Mr Langeland is a Norwegian citizen and resides in Rælingen, Norway. He is independent from the Company’s management, major shareholders, and principal business associates.

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Thomas Wamberg
Thomas Wamberg
Committee Member

Thomas Wamberg, member of the Nomination Committee, born 1968, is a consultant in Egon Zehnder, one of the world’s largest executive search and talent strategy firms. Mr Wamberg, who is based in Copenhagen, is a trusted advisor in Chief Executive Officer, Chief Financial Officer and board succession as well as other C-suite, finance and HR executive search. He serves clients across shipping, oil & gas, private equity, consumer, engineering, manufacturing, finance and the service sector, leveraging his French, Spanish and Latin American knowledge and language skills. Mr. Wamberg earned a MSc in Civil Engineering from the Technical University of Denmark, a Graduate Diploma in International Commerce from Copenhagen Business School, and an MBA from INSEAD in France.

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