Governance

Board of Directors

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The Board of Directors has the ultimate responsibility for the management of the Company and must ensure that the activities are organised in a prudent manner.

The composition of the Board of Directors meets the need for expertise, capacity and diversity to achieve the Company’s goals, handle its main challenges and promote the common interests of all shareholders. The Board of Directors consists of eight directors and one deputy director, all elected at the annual general meeting.

Leif O. Høegh was elected to the board of the Company in 2008. He serves as a Director of Höegh EVI. He Chairs investment company Höegh Capital Partners and real estate developer Höegh Eiendom.

Leif O. Høegh has more than 30 years’ experience within shipping and investing and has worked for McKinsey & Company and the Royal Bank of Canada group. He has previously been a director in several companies listed on the Oslo Stock Exchange and the New York Stock Exchange. As a Norwegian national, he holds an MA in Economics from the University of Cambridge and an MBA from the Harvard Business School.

Leif O. Høegh

Chair

Morten W. Høegh was elected to the board of the Company in 2008. Among others, he serves as Chair of Höegh Evi, he is a Partner of Höegh Capital Partners, Alternate Director of Höegh Eiendom, and serves as Chair of Gard P.&I. (Bermuda) and the Western Europe committee of DNV. From 1998 to 2000 he worked as an investment banker with Morgan Stanley in London.

Morten W. Høegh holds an MBA with High Distinction (Baker Scholar) from Harvard Business School and a Bachelor of Science in Ocean Engineering and Master of Science in Ocean Systems Management from Massachusetts Institute of Technology.

Morten W. Høegh

Deputy Chair

Jan B. Kjærvik was elected to the board of the Company in 2013 and serves today also as Chair of its Audit Committee. He served recently as Interim Treasurer for GE Energy businesses (GE Vernova), preparing for demerger from General Electric parent. Jan has many years of banking and corporate experience in financial roles across banking, energy and maritime sectors. He was most recently Head of Group Finance & Risk Management of A.P Møller-Maersk Group from 2008 until his retirement from Maersk end of April 2021. Prior to that he was Head of Enterprise Risk & Group Treasurer of Aker Solutions from 2002 to 2008 and at Nordea in various roles from 1983-2002.

He holds a Lic.Oec. HSG from St. Gallen, Switzerland and he has held a number of board positions, including; Maersk Supply Service, Britannia PI, Danish Ship Finance, VP Securites and Maersk Insurance. He is currently Board Member at Seadrill Ltd, where he serves on its Audit Committee and Board Member of Odfjell SE, where he is Chair of the Audit Committee.

Jan B. Kjærvik

Director

Martine Vice Holter was elected to the board of the Company in 2011. She is a Senior Advisor to Höegh Capital Partners (HCP), having stepped down as CEO in 2023 after 17 years. HCP is a family investment office co-located in London and Oslo which oversees all of the investment interests of the Høegh family, including public and private direct investments as well as cross asset class financial investments. Martine continues to serve as a non-executive Board Director on selected Höegh-controlled investments. Her earlier career spanned investment banking at Goldman Sachs based in New York and Hong Kong, management consulting at McKinsey & Company based in London and venture capital at Arts Alliance Ventures. She has broad cross-sector experience working across North America, Asia, Europe and Sub-Saharan Africa.

Martine received her MBA from INSEAD and her joint honours BA in Economics and Political Science from Queen’s University (Canada).

Martine Vice Holter

Director

Johanna Hagelberg was elected to serve on the Company’s Board of Directors in 2021. She currently holds the position as Executive Vice President of the Biomaterials Division at Stora Enso Oyj and was previously the Executive Vice President and Head Sourcing & Logistics. She has also held the position of Chief Procurement Officer at Vattenfall AB after leading Sourcing and Supply Chain positions at NCC, RSA Scandinavia and at General Motors/SAAB. She is a Chair of the Board of directors of Veracel and member of the Board of directors of Montes del Plata.

Johanna Hagelberg holds a MSc in Industrial Engineering & Management from Linköping University and a MSc in Engineering and Management of Manufacturing Systems from Cranfield University.

Johanna Hagelberg

Director

Kjersti Aass was elected to the board of Höegh Autoliners in 2021. She currently serves as Senior Advisor to the United Nations Global Compact, where she leads a strategic partnership with the International Chamber of Shipping, the International Transport Workers’ Federation, and the International Maritime Organization.

Previously, Kjersti was Sustainability Development Director at Yara International where she also served on the Board of Directors. Her earlier experience includes humanitarian work with Médecins Sans Frontières in Afghanistan and Ethiopia. She has served on the board of The Norwegian Trekking Association (DNT) in Oslo and as Vice Chair of the board of The Development Fund.

Kjersti Aass holds a MSc in Industrial Economics and Technology Management, specializing in entrepreneurship, from the Norwegian University of Science and Technology.

Kjersti Aass

Director

Kasper Friis Nilaus was elected to the board of Höegh Autoliners ASA in 2021. Kasper is CEO of Svitzer, the world’s leading towage provider. Prior to this, Kasper has held various positions in Svitzer primarily within commercial and business development and worked as a lawyer in Jonas Bruun Law firm in Copenhagen before joining Svitzer.

Kasper holds a Master of Law from the University of Copenhagen and an MBA from the University of Nottingham Business School. Before studying law, Kasper served as an officer of the reserve in the Danish Navy.

Kasper Friis Nilaus

Director

Gyrid Skalleberg Ingerø was elected to the board of Höegh Autoliners ASA in 2023. Gyrid has extensive management experience in financial and accounting matters from CFO positions in different listed companies. She has served as EVP & Group CFO in Kongsberg Gruppen ASA from 2017 to April 2023. Her impressive career also includes her time in Nordea Bank, Komplett Group ASA, Reiten & Co Private Equity, Telenor Norge AS and Telenor Digital Businesses AS. She worked 8 years at KPMG before her CFO positions.

Gyrid also holds broad board experience from several companies and organisations and is currently a board member of Gjensidige ASA, KID ASA, Kitron ASA, ITERA ASA, and Deputy Chair at Telenor ASA.

Gyrid Skalleberg Ingerø

Director

Thor Jørgen Guttormsen has had a long career with Höegh. He held the position as CEO of Höegh LNG from November 2021 to August 2022, and the position of CEO of Höegh Autoliners from September 2019 to September 2020. He was elected to the board of Höegh Autoliners in 2014 and has been on the board of Höegh Autoliners until August 2021, except for a leave of absence while he was CEO of Höegh Autoliners. He has been CEO of Höegh & Co from 1992 to 2008. Prior to this period, he held positions as Manager in Price Waterhouse and IKO Strategy AS and as CEO of JSA Holding BV (a Paris based shipping company).

Thor Jørgen has been president of the Norwegian Shipping Association and a Board member of BIMCO and ECSA. He is presently on the boards of directors of Telenor Maritime, and Danmarks Skibskredit. He has served as a director in Höegh LNG AS and has been an alternate director in Höegh LNG Holdings. Thor Jørgen holds an MSc from The Norwegian School of Economics and Business Administration (NHH) and has participated in the International Executive Program at the Institute for Management Development (IMD) in Lausanne, Switzerland.

Thor Jørgen Guttormsen

Deputy for Morten W. Høegh

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Board of Directors

Executive management