Board

Frank O. Reite (born 1970)
Chairman

Frank O. Reite first joined Aker in 1995 and was CFO in Aker ASA from August 2015 until August 2019. He came from the position of President & CEO of Akastor. Reite holds several board positions including the position as vice chairman in Aker ASA, chairman in Akastor ASA, chairman in Solstad Maritime ASA, and is board member in AMSC ASA.

Frank O. Reite has experience from banking and has served as Director in Paine & Partners. Frank O. Reite holds a B.A. in business administration from Handelshøyskolen BI in Oslo.

Shares in Solstad Maritime ASA: 356,509

Personal deputy for Chairman: Karl Erik Kjelstad

Charlotte Cecilie Solberg Håkonsen (born 1979)
Director

Charlotte Håkonsen is the General Counsel at Aker ASA. Before joining Aker, Håkonsen was partner at the Norwegian law firm BAHR, and prior to that she held the position of Head of Legal and Compliance at Akastor ASA. Håkonsen has broad experience on various types of contracts and transactions, including M&A and joint ventures, along with company law issues, corporate governance and compliance risk management.

Håkonsen holds a Cand.jur. degree from the University of Oslo.

Shares in Solstad Maritime ASA: 0

Peder Sortland (born 1963)
Director

Peder Sortland, currently the CEO of North Sea Infrastructure AS (NSI) and Norsk Havvind AS, has 30 years’ experience from the oil and gas
industry. Prior to NSI, Sortland held roles as the CEO of Global Maritime Group, Apply Group and Ross
Offshore/Subsea Technology Group and as Regional Vice President for Subsea 7 in Norway.

Sortland spent 18 years in Equinor up to Senior Vice President level, predominantly in areas of business development, commercial negotiations and strategy work. Today, Sortland is chairman in LOS Cable Solutions AS and a board member of Solstad Maritime ASA.

Sortland has a business education on MBA level from University of Wyoming and is a Fullbright Scholar.

Shares in Solstad Maritime ASA: 0

Pål Lothe Magnussen (born 1972)
Director

Pål Lothe Magnussen is the President and CEO of AMSC ASA. Before joining AMSC, Magnussen held the positions as Director of the Investment Banking Division in DNB Markets focusing on shipping and offshore sectors, and as Vice President of Corporate Banking in DNB Bank’s shipping and offshore division. Magnussen has significant experience from international shipping finance and has been based in New York, Singapore and Oslo.

Magnussen holds an MBA from Columbia University, New York and a Master of Science from the Norwegian School of Management, Oslo.

Shares in Solstad Maritime ASA: approx. 305,280

Kathryn Baker (born 1964)
Director

Kathryn Baker has over 30 years of experience in a broad
range of industries and roles. She is currently Chairwoman
of Terra Mater Investment Management and is a Board member
of MPC Energy Solutions and InoBat. In addition, Ms. Baker
serves on the investment committee of the DFI Norfund.

She was previously a member of the Executive Board of the
Central Bank of Norway (Norges Bank), the European Advisory Board of
the Tuck School of Business and led the Ethics Committee of the
Norwegian Private Equity and Venture Capital Association (NVCA), where
she was also Chairwoman. She was a partner at the Norwegian
private equity firm Reiten & Co for 15 years. Prior to that she was a
management consultant with McKinsey & Co in Oslo and a
financial analyst at Morgan Stanley in New York.

Ms. Baker holds a bachelor’s degree in economics from Wellesley College
and an MBA from the Tuck School of Business at Dartmouth College.

Ms. Baker is an American and Norwegian citizen.

Shares in Solstad Maritime ASA: 0