The Board of Directors has adopted a Corporate Governance policy reflecting BW Energy’s commitment to good governance. This policy aligns with the Norwegian Guidelines, with some deviations explained in the Corporate Governance chapter of this report.
General meeting
The AGM normally takes place on or before 31 May each year.
The Board seeks to ensure that as many shareholders can participate in the Company’s general meetings and that the general meetings are an effective forum for the views of shareholders and the Board.
Management
Carl K. Arnet
Carl K. Arnet
CEO since: 2019
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Share options: 3,300,000
Nationality: Norwegian
Carl Krogh Arnet has more than 40 years’ experience in the oil and gas industry.
Prior to his role as CEO of BW Energy, Mr. Arnet was the CEO of BW Offshore. Previously, Mr. Arnet was the Managing Director of Advanced Production and Loading (APL), and had held various positions at Norsk Hydro (Statoil Hydro) and Conoco UK in the period from 1981 to 1996.
Mr. Arnet holds a M.Sc. from the Norwegian University of Science and Technology (NTNU) and an MBA from the Norwegian School of Management (BI). He holds a number of other board memberships and chairmanships in non-related companies and was a non-executive director of the Maritime and Port Authority of Singapore until February 2021.
Thomas Young
Thomas Young
CFO since: 2025
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Share options: 721,500
Nationality: Norwegian
Thomas Young is Chief Financial Officer (CFO).
Prior to his role as CFO, Mr. Young was the Chief Strategy Officer in BW Energy and the SVP of Commercial Strategy & Analysis of BW Offshore. He joined BWO in 2012 and was key contributor in the development of the E&P strategic initiative. He has a Bachelor Degree in Commerce with a double major in Finance and Economics from Griffith University Australia.
Brice Morlot
Brice Morlot
COO since: 2025
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Share options: 125,000
Nationality: French
Brice Morlot is Chief Operating Officer (COO)
Mr. Morlot joined BW Energy in 2024 as Chief Financial Officer and brings extensive experience, combining a solid financial understanding with an operational background in the E&P business. Prior to BW Energy, he served as Managing Director of Assala Energy in Gabon, and held previous leadership roles in Assala, SCOR and Perenco.
Mr. Morlot has a Masters degree in Economics from Université Catholique de Lille, a Masters degree in Civil Engineering from Hautes Etudes d’Ingénieur and, a Masters degree in Petroleum Engineering and Project Development from IFP School.
Thomas Kolanski
Thomas Kolanski
CCO since: 2020
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Share options: 721,500
Nationality: American
Thomas Kolanski is Chief Commcercial Officer.
Prior to BW Energy, Mr. Kolanski was VP of Business Development and GM of BW Offshore USA. He led the team that identified and secured the initial field development opportunities for BW Energy and was instrumental in the development of the BW Energy strategy.
Mr. Kolanski has a Bachelor of Science in Mechanical Engineering from the University of Texas and a Juris Doctorate from South Texas College of Law and was admitted to Texas Bar in 2009.
He has 15 years of industry experience and has worked for companies such as Technip, Wellstream and SBM.
Tara Leiter
Tara Leiter
CLO since: 2025
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Nationality: American
Tara Leiter is Chief Legal Officer.
Ms. Leiter joined BW Energy in 2020. Prior to joining BW Energy, she was a senior lawyer at ExxonMobil and global law firm, Blank Rome. She has over 20 years of experience in oil and gas, maritime, governance, trading/hedging, and large project finance.
Ms. Leiter has a Bachelor of Law/International Relations and a Master of Laws in International Law from the University of Malta and a Master of Laws in International Maritime Law from the IMO International Maritime Law Insititute, Malta. Ms. Leiter is a dual qualified lawyer in the US and UK.
Liana Almeida
Liana Almeida
CHRO since: 2025
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Nationality: Brazilian
Liana Almeida is Chief Human Resources Officer.
Ms. Almeida joined BW Energy in 2022 and is former VP of Human Resources for Wellbore Technologies Business Segment – NOV. She has a broad Human Resources industry experience from major E&P Services Companies in US, Latin America, and Africa.
Ms. Almeida has an MBA in Human Resources from Pontificia Catholic University of Rio de Janeiro, Brazil.
Jerome Bertheau
Jerome Bertheau
CTO since: 2024
Nationality: French
Shareholding: –
Share options: 125,000
Jerome Bertheau is Chief Technical Officer.
Mr. Bertheau joined BW Energy in 2024 and brings extensive experience, combining solid project management experience with offshore E&P operational understanding. Prior to joining BW Energy, he served as Project Director at Perenco Oil & Gas – Gabon and held previous leadership roles at GE, SBM and Technip.
Mr. Bertheau has a Master in Mechanical Engineering from ECAM LaSalle.
Board of Directors
Andreas Sohmen-Pao
Andreas Sohmen-Pao
Chairman since: 2019
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Nationality: Austrian
“Andreas Sohmen-Pao is Chairman of BW Group and listed affiliates BW Offshore, BW LPG, Hafnia, BW Energy and Cadeler. He is also Chairman of the Global Centre for Maritime Decarbonisation, and a trustee of the Lloyd’s Register Foundation.
Mr Sohmen-Pao was previously Chairman of the Singapore Maritime Foundation and has served as a non-executive director of The Hongkong and Shanghai Banking Corporation Ltd, London P&I Club, Navigator Holdings, Singapore Symphonia Company, National Parks Board Singapore, Sport Singapore and the Maritime and Port Authority of Singapore amongst others.
Mr Sohmen-Pao graduated from Oxford University in England with an honours degree in Oriental Studies and has an MBA from Harvard Business School.”
Darrell McKenna
Darrell McKenna
Director since: 2024
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Nationality: American
Darrell McKenna is currently the Executive Chairman on the Board of Samson Oil and Gas/Springline Energy and a technical advisor to engineering and field staff in Samson Oil and Gas/Springline Energy.
Mr. McKenna has over 40 years of experience in the oil and gas industry in various engineering and leadership roles of a wide range of companies within the energy sector, including Mobil, Schlumberger, Hess, Kosmos Energy and Oracle Energy.
Mr. McKenna holds a degree in Petroleum Engineering (with honors) from the Montana School of Mineral Science and Technology (Montana Tech) in Butte, Montana.
Alan Dowokpor
Alan Dowokpor
Director since: 2024
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Nationality: British
Alan Dowokpor is currently Deputy Chair and a member of the Remuneration and Nominations Committee of the Board of Harwich Haven Authority (a major UK Trust Port).
Mr. Dowokpor has over 30 years of global, strategic, operations and business leadership experience in the oil and gas industry with a focus on upstream exploration, production, and development from BP and Tullow Oil.
Mr. Dowokpor holds a Masters degree in Petroleum Engineering from Imperial College, London.
Hilde Drønen
Hilde Drønen
Director since: 2020
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Nationality: Norwegian
Hilde Drønen was the Chief Financial Officer (CFO) of DOF ASA through end-2024.
Mrs. Drønen has several directorships of various energy companies. Her previous experience includes being the CFO in DOF Management AS (2004-2007), Director of Finance with Bergen Yards AS (2003-2004), and Group Controller for the Møgster Group (1995-2003).
She holds a Master’s Degree from the Norwegian School of Management (BI) and MBA from Norwegian School of Economics and Business Administration (NHH).
Russell Scheirman
Russell Scheirman
Director since: 2019
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Nationality: American
Russell Scheirman has more than 35 years in the oil & gas industry. Mr Scheirman has held senior positions at McKinsey, ExxonMobil and VAALCO Energy, Inc. (1991-2015).
He holds a B.Sc. & M.Sc. in Mechanical Engineering from Duke University, and an MBA from California Lutheran University.
Ana Zambelli
Ana Zambelli
Director since: 2023
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Nationality: Brazilian
Ms. Ana Zambelli was a Managing Director of Brookfield Private Equity Inc, responsible for business operations in Brazil. She has more than 23 years of international experience in the oil and gas industry.
Ms. Zambelli is currently a board member at Seadrill and the head of the Diversity Committee of the Brazilian Petroleum Institute (IBP). She also has been a board member of a wide range of companies within the energy sector including Petrobras and Braskem and in other industries. Her previous experience also includes senior executive roles within Maersk Drilling, Transocean and Schlumberger.
Ms. Zambelli holds a Master of Science Degree from Heriot-Watt University in Scotland, a Bachelor of Science degree from the Federal University of Rio de Janeiro and post graduate certifications from Columbia University and MIT.
Committees
The Audit Committee acts as a preparatory and advisory committee for the Board. The Audit Committee is responsible for approving the Board’s annual review of the Company’s most important areas of exposure to risk and its internal control arrangements, as well as an annual supervisory plan for internal audit work. The Audit Committee follows up on internal controls in connection with quarterly reviews of the Group’s financial reporting, in addition to two meetings in which internal control issues are addressed specifically. The chief financial officer, the Company’s other relevant senior staff and representatives of the external auditor, attend the meetings of the Audit Committee. At least once a year, the Board and the Audit Committee review the Company’s internal control procedures relating to its financial reporting process.
On 31 December 2024, the Audit Committee consisted of Hilde Drønen (Chair) and Ana Zambelli, both of whom are independent members of the Board.
The Technical and Commercial Committee (TCC) assists the Board in fulfilling its responsibility with regard to the management of the Company’s business, which include advising the Board on commercial and technical matters of the Company’s operations, including potential investments or divestments by the Group, overall exploration and field development plans (including any significant changes or updates thereto) and any material procurements and commitments. The TCC reviews, at least annually, the systems utilized by the Company for identifying areas of material business risk, for measuring their possible impact on the Group and the procedures in place to mitigate the impact of such risks and it shall report to the Board accordingly.
On 31 December 2024, the Technical and Commercial Committee consisted of Russell Scheirman (Chair), Ana Zambelli and Darrell McKenna, all of whom are independent members of the Board.
The Remuneration Committee acts as a preparatory and advisory committee for the Board in order to ensure thorough and independent preparation of matters relating to compensation to the executive personnel.
On 31 December 2024, the Remuneration Committee consisted of Andreas Sohmen-Pao (Chair) and Alan Dowokpor, both of whom are also members of the Board.
The Board carries out an annual evaluation of its performance and expertise.
The Nomination Committee composition is determined at the Company’s general meeting from time to time and the members are appointed by a general meeting resolution, including the chair of the committee. The general meeting determines the remuneration of the Nomination Committee and stipulates guidelines for the duties of the Nomination Committee.
The Nomination Committee proposes candidates for election to the Board. The Nomination Committee also is responsible for proposing the remuneration to be paid to the members of the Board. The Nomination Committee explains how the Committee arrived at its proposal for each candidate. The Company established a deadline for the Nomination Committee to propose candidates of no later than four weeks prior to the AGM.
Shareholders may propose candidates for the Nomination Committee and the Board of Directors. Proposals should be submitted in writing to nomination.committee@bwenergy.no no later than six weeks prior to the Annual General Meeting to allow sufficient time for the Nomination Committee’s consideration.
On 31 December 2024, the Nomination Committee consisted of Sophie Smith (Chair), Bjarte Bøe, and Elaine Yew Wen Suen. The current committee members were appointed at the 2022 AGM.