Menu We are Umoe Umoe’s growth is built on a countercyclical model of investment and development of companies over the long term. It is our aim to capitalize on shifts in economic structure, and we are not afraid to take risks in this context. The Umoe Culture Board of Directors Management The Umoe Culture We believe strongly in individual responsibility and consequently operate a lean, agile and responsive organization. We accept that in an aggressive organization mistakes will occur, although we will not tolerate poor performance resulting from decisions based on emotions, as opposed to facts. Equally, we share profits with those who create them and reward performance well. Although we are a privately owned company, we believe that the discipline of a high quality board is essential to effective management. Umoe, including its subsidiaries and employees, will always act in an ethical, sustainable and socially responsible manner. Our Business Ethics Standards set out ethical guidelines for employees and partners considering human rights, employee rights and social conditions. Click to download Umoe’s Business Ethics Standards. The Umoe Culture Board of Directors Management Board of Directors Jens Ulltveit-Moe Jens Ulltveit-Moe is the group's founder and Chairman of the board. On completing his education he was a consultant with McKinsey in New York and London, before developing the oil tanker division of the SHV group in the Netherlands. He headed the turnaround of the shipping company Knut Knutsen OAS from 1980. In 1984 he established Umoe AS, and has since expanded the group to create one of Norway's largest privately owned companies. He plays an active role in Norwegian society and is a former president of both the Norwegian Shipowners' Association and the Confederation of Norwegian Enterprise. He is elected Chairman of the Board of Cicero and serves as a member of the Board of Directors of Environmental Defense Fund Ltd. Europe. He holds a Master's degree in Business and Economics from the Norwegian School of Economics and Business Administration (NHH) and a Master's degree in International Affairs from Colombia University. Jens Ulltveit-Moe is Chariman of the board. Erik Sauar Erik Sauar is an experienced international executive and company founder with a long track record in taking products and innovation from the initial concept phase through technology development, organizational development and to the market. He was founder of a distributed solar company that later merged with others to form REC. He was thereafter CTO of REC from 2001-2012, taking part in growing the company from scratch to nearly 2 bn $ revenue. He has thereafter been actively investing in and contributing to developing several successful start-ups, primarily in the clean technology space. Erik Sauar serves as a Board member of Zero, Differ, Cenate, Fosera and Radionor and also serves/has served on the board of two of the world’s leading solar research institutions. Sauar holds a MSc. in Chemical Engineering, an MA in Anthropology and a Dr.techn degree in Physical Chemistry and is the inventor of more than 35 patents. Ragnhild Kierulf Ulltveit-Moe Ragnhild Ulltveit-Moe was elected to the board in 2001. She has worked for the United Nations Development Programme in China, for Umoe Bioenergy from 2009 to 2011 and for Umoe Restaurants, from 2012 to 2013. She holds a Bachelor’s degree from the University of Bergen and the Norwegian School of Economics and Business Administration (NHH), and a Master’s degree from the London School of Economics (LSE). Øystein Kalleklev Øystein Kalleklev has served as CEO of Flex LNG since 2018 and is also a Board Member of Avance Gas. Prior to Flex LNG, Mr. Kalleklev was CFO of Flex LNG and Director of Seatankers Management from 2017 to 2018. He has also served as CFO of Knutsen NYK Offshore Tankers from 2013-2017 and Chairman of KNOT Offshore Partners GP from 2015-2017. Previous roles also include Partner of investment bank Clarksons Platou (2011-2013), CFO of Umoe (2008-2011), Financial Analyst in Umoe (2006-2008) and Business Consultant at Accenture (2005-2006). Mr. Kalleklev holds a MSc in Business and Administration from Norwegian School of Economics and a BA in Business and Finance from Heriot-Watt University. The Umoe Culture Board of Directors Management Management Jarle Roth CEO Umoe Gruppen AS. Previous experience: CEO Arendals Fossekompani ASA, CEO Export Credit Norway, CEO Unitor ASA Current positions: Chairman of Umoe Bio Energy, Umoe Restaurants Group, Nomination Committee and Corporate Assembly Equinor, Board member Basecamp Explorer Spitsbergen Former Chairman of the Board Norske Skog ASA, Enova SF, Glamox AS, Powel AS, EFD Induction AS. Former board member of i.a. Kongsberg Gruppen ASA, Ekornes ASA, Multiconsult AS, Kverneland ASA, Awilco Offshore ASA, Grieg Shipping AS, Aibel AS Key competence: active ownership in various ownership situations, restructuring and M&A, turnarounds, strategy and portfolio development, international experience. Jarle Roth holds a graduate degree from Norwegian School of Economics & Business Administration. Thomas Moe Børseth Thomas Moe Børseth is Executive Vice President. He works primarily with renewables and clean tech, serving as chairman of Umoe Advanced Composites, and as Chairman of Ocean Sun. Before joining Umoe in 2013, he was a management consultant at McKinsey & Company from 2006 to 2012. He holds a PhD in physics from the University of Oslo and a Master of Science in applied physics from INSA Toulouse. Knud Dalaker Knud Dalaker is Chief Accountant at Umoe. He joined Umoe in 2000 and has held various positions in the company's finance and accounting department. Before joining Umoe, he worked as controller in Color Air/Color Group, from 1998 to 2000, and as auditor in Arthur Andersen & Co, from 1992 to 1998. He is on the board of the majority of Umoe's real-estate companies, as well as the Kagra Group. Professional qualifications include Handelhøyskolen BI and Certified Public Auditor from the Norwegian School of Economics and Business Administration (NHH). Jørgen Fjeldstad Jørgen Fjeldstad is the group Chief Legal Counsel. He holds board positions in a number of the Umoe Group subsidiaries. Prior to joining the Umoe Group in 2008 he was a senior lawyer at BAHR. He has also worked as a lawyer for Thommessen, and advisor at the Ministry of Petroleum and Energy and as an assistant judge for Larvik District Court. He holds a Cand. Jur. degree from the University of Oslo and is a licensed lawyer. 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