The Work of the Board of Directors
The Board of Directors works in accordance with the rules laid down by Norwegian law. The Board has annual strategy seminars where issues such as objectives, strategies and implementations are addressed. The Board of Directors issues instructions for its own work.
(Left to right: Kenneth Utsikt, Liv Berstad, Thor Espen Bråten, Ola Krohn-Fagervoll, Bjørn H. Kise, Linda Olsen and Benedicte Schilbred Fasmer)
Bjørn H. Kise, Chair of the Board
Mr. Kise (born 1950) has over 25 years of experience of legal practice with the law firm Vogt & Wiig AS, where he is also a partner. He is admitted to the Supreme Court since 1998. Kise has been a board member of Norwegian since 1993, and he was Chair of the Board in the period 1996-2002. Kise also holds a number of board appointments in large and medium-sized companies in Norway and abroad. Kise holds a Law Degree from the University of Oslo. As of December 31 2014, Mr. Kise holds 721,262 shares in the company, and has no stock options. Mr. Kise is a Norwegian citizen. He has been elected as Chair of the Board for the period 2014-2016, and he represents Norwegian’s principal shareholder HK Invest AS.
Ola Krohn-Fagervoll, Deputy Chair of the Board
Mr. Krohn-Fagervoll (born 1962) is currently working as an independent advisor. Krohn-Fagervoll was Deputy CEO of Norwegian Air Shuttle from 2003-2005, and he has more than 20 years of experience from management consulting and corporate development, including A.T. Kearney. Prior experience includes five years in Saga Petroleum’s strategy department and an Export Council Scholarship in London. He has been a director of the board of Norwegian since 2005. He is a Business economics graduate from the Norwegian School of Management (BI) and he holds an MBA degree in Finance from the University of Wisconsin, and has also been a Visiting Scholar at Stanford University. As of December 31 2014, Mr. Krohn-Fagervoll holds 62 shares in the company, and has no stock options. Mr. Krohn-Fagervoll is a Norwegian citizen. He has been elected for the period 2013-2015, and he is an independent board member.
Liv Berstad, Director of the Board
Liv Berstad (born 1961) has been Managing Director for the clothing company KappAhl in Norway since 1996, and prior to this she was financial manager for the same company. Berstad has extensive experience from retail trade in the Nordic region, mainly from construction material, fashion and cosmetics. Ms. Berstad has been a board member of Norwegian since 2005 and she also holds directorships in Expert. Berstad holds a degree in Business Administration from the Norwegian School of Management (BI). As of December 31 2014, Ms. Berstad holds no shares in the company, and has no stock options. Ms. Berstad is a Norwegian citizen. She has been elected for the period 2013-2015, and she is an independent board member.
Benedicte Schilbred Fasmer, Director of the Board
Benedicte Schilbred Fasmer resigned as member of Norwegian’s board as of January 1st, 2015 due to impartiality reasons in connection with a new position.
Thor Espen Bråten, employee representative
Mr. Bråten (born 1959) joined Norwegian in 2005 and works as a Captain. Bråten has held management positions ranging from Base Manager to Managing Director for a number of regional and international airlines. He also has extensive experience from aircraft acquisitions, lease and aircraft remarketing. He has been an employee representative since 2009. He received his airline pilot training in Norway and Sweden. As of December 31 2014, Mr. Bråten holds 657 shares in the company, and has no stock options. Mr. Bråten is a Norwegian citizen. He has been elected for the period 2012-2014, and he is an independent board member.
Linda Olsen, employee representative
Linda Olsen (born 1985) joined Norwegian in February 2006, and is currently Senior Advisor and team leader for escalated cases in Customer Relations. Ms. Olsen is also on the board of HK, a union started in cooperation with the Norwegian Union for Commerce and Office Employees, and she has been an employee representative since 2009. Olsen is a legal office assistant and has studied tourism management in Australia. As of December 31 2014, Ms. Olsen holds no shares in the company, and has no stock options. Ms. Olsen is a Norwegian citizen. She has been elected for the period 2012-2014, and she is an independent board member.
Kenneth Utsikt, employee representative
Kenneth Utsikt (born 1976) is cabin crew administrator in Norwegian. He has worked for Norwegian since 2004 and was the leader for Norwegian Cabin Union from 2009-2012. He has been elected in Enebakk municipality since 1999 and has held numerous local positions as a politician. Prior to joining Norwegian, Mr. Utsikt worked in the service industry. He has been an employee representative since 2009. As of December 31 2014, he holds 378 shares in the company, and has no stock options. Mr. Utsikt is a Norwegian citizen. He has been elected for the period 2012-2014 and is an independent board member.