Senior Management

 

 

Carsten Mortensen, President (CEO), born in 1966. Carsten Mortensen joined NORDEN in 1997 as head of the Dry Cargo Department. He became a member of Management and was appointed COO in 2004. In January 2005, he was appointed President (CEO). Carsten Mortensen was previously employed with A. P. Møller for 11 years, where he received his training. He has a bachelor of commerce degree in international trade from the Copenhagen Business School, and has completed executive training programmes at INSEAD and Wharton Business School. Number of shares held: 24,500 (+2,800). Number of share options held: 186,800 (of which 92,020 were granted in 2006 and 94,780 in 2007). Directorships: Danmarks Rederiforening (BM)

 

Ivar Hansson Myklebust, Executive Vice President (CFO), born in 1967. Ivar Hansson Myklebust joined NORDEN in 2007 as Executive Vice President & Chief Financial Officer. Ivar Hansson Myklebust holds an MSc from the Norwegian School of Economics and Business Administration in Bergen, where he also did post-graduate studies in finance. Ivar Hansson Myklebust was previously employed with Nordea in Oslo for 8 years, where he held various positions, including Executive Director and Head of Corporate Finance Norway; Head of Equity Research, Nordea Securities and Senior Advisor in the Shipping, Offshore and Oil Service Division. He has also worked for Anders Wilhelmsen & Co A/S and Pareto Fonds ASA. Number of shares held: 1,000 (+1,000). Number of share options held: 42,000 (of which 42,000 were granted in 2007).

 

Jacob Meldgaard, Executive Vice President (as of 1 April) and head of the Dry Cargo Department, born in 1968. Jacob Meldgaard joined NORDEN in 1997, was appointed General Manager in 2002 and Senior Vice President and head of the Dry Cargo Department in 2004. Jacob Meldgaard was employed for five years with A. P. Møller, where he received his shipping training, and for two years with J. Lauritzen A/S. He has a bachelor of commerce degree in international trade from the Copenhagen Business School and is a graduate of INSEAD and Wharton Business School. Number of shares held: 45,820 (+4,000). Number of share options held: 102,620 (of which 52,580 were granted in 2006 and 50,040 in 2007).

 

Lars Bagge Christensen, Senior Vice President and head of the Tanker Department, born in 1963. Lars Bagge Christensen joined NORDEN in 1993 and was appointed Senior Vice President and head of the Tanker Department in 1999. Lars Bagge Christensen was previously employed with A. P. Møller, where he received his training. He has also completed an INSEAD executive training programme. Number of shares held: 2,320 (+2,000). Number of share options held: 70,940 (of which 36,820 were granted in 2006 and 34,120 in 2007). Directorships: North of England P & I Club (BM).

 

Lars Lundegaard, Senior Vice President and head of the Technical Department, born in 1957. Lars Lundegaard joined NORDEN in 2002. His qualifications include a master’s certification and an MBA. Lars Lundegaard previously held executive positions in shipping companies in Denmark and abroad, most recently as CEO of ASN Marine. Number of shares held: 200 (unchanged). Number of share options held: 44,820 (of which 22,080 were granted in 2006 and 22,740 in 2007). Directorships: SIMAC (BM), member of Intertanko's technical committee and of the negotiations committee of the Danish Shipowners’ Association.

 

Kristian Wærness, Senior Vice President and head of the Finance and Accounting Department, born in 1968. Kristian Wærness holds and M.Sc. in accounting from 1993 and joined NORDEN in 2002. In 2007 he was appointed Senior Vice President and head of the Finance and Accounting Department. Kristian Wærness previously held a position as accountant with PricewaterhouseCoopers. Number of shares held: 200 (unchanged). Number of share options held: 38,100 (of which 20,360 were granted in 2006 and 17,740 in 2007).

 

Vibeke Schneidermann, Senior Vice President (as of 1 April) in charge of Human Resources, born in 1962. Vibeke Schneidermannhas a bachelor of commerce degree in organisation and joined NORDEN in 2005. Vibeke Schneidermann has 15 years’ experience in human resource management and was previously employed with Cultivator A/S. Number of shares held: 200 (unchanged). Number of share options held: 15,000 (of which 6,600 were granted in 2006 and 8,400 in 2007).

 

Martin Badsted, Senior Vice President (as of 1 April) in charge of the Corporate Secretariat, born in 1973. Martin Badsted holds an M.Sc. in international business from 1999 and joined NORDEN in 2005. Martin Badsted was previously employed with Carnegie Bank, Investment Banking. Number of shares held: 1,200 (unchanged). Number of share options held: 26,580 (of which 10,180 were granted in 2006 and 16,400 in 2007). Directorships and shareholdings are stated at 1 January 2008. Figures in brackets represent changes since the annual report for 2006.

 

CB: Chairman of the Board. VCB: Vice Chairman of the Board. BM: Board Member. MD: Managing Director.

 

Jens Christensen, Vice President and Deputy Manager of the Technical Department – 200 shares (unchanged). Peter Norborg, Vice President, Deputy Manager of the Dry Cargo Department – 1,520 shares (+1,320). Christian Danmark, Vice President and head of Finance – 200 shares (unchanged). Peter Borup, Group Vice President Singapore/Asia – 6,950 shares (+250). Alex Christiansen, Vice President of the Dry Cargo Department – 2,097 shares (unchanged).

 

Søren Huscher, CEO, Norient Product Pool – 18,100 shares (unchanged).