Board of Directors

The Company has a Board of five Directors. Members of the Company’s management are not members of the Board, but the company’s management does attend Board meetings.

Eystein Eriksrud, (born 1970)
Chairman

Mr Eriksrud joined the Board of Directors of Siem Offshore in May 2010 and became Chairman in May 2012. Mr Eriksrud is the Deputy CEO of the Siem Industries Group. Prior to joining Siem Industries in October 2011, Mr Eriksrud was a partner in the Norwegian law firm Wiersholm Mellbye & Bech, from 2005, working as a business lawyer, particularly in the shipping, offshore and oil service sectors. Mr Eriksrud was Group Company Secretary of the Kvaerner Group from 2000–2002 and served as Group General Counsel of the Siem Industries Group from 2002–2005. He is a candidate of jurisprudence from the University of Oslo. Mr Eriksrud has served on the boards of Privatbanken ASA and Tinfos AS as well as a number of other boards. He is the Chairman of Flensburger Schiffbau-Gesellschaft mbH & Co. KG and Electromagnetic Geoservices ASA and a Director of Subsea 7 SA, Siem Kapital AS, VSK Holdings Ltd, Venn Partners LLP, Siem Car Carriers AS, Siem Capital UK Ltd. and Siem Europe S.à r.l. Mr Eriksrud is a Norwegian citizen.

Kristian Siem (born 1949),
Board member

Mr. Siem is the Chairman of Subsea 7 SA and is a Director of Siem Offshore Inc., Siem Shipping Inc. (former Star Reefers Inc.), Flensburger Schiffbau Gesellschaft mbH, Norh Atlantic Smaller Companies Investment Trust plc. and London and Frupor S.A., Portugal. Mr. Siem is a Norwegian citizen.

Michael Delouche (born 1957),
Board member

Mr. Delouche is the president and the secretary of Siem Industries Inc. and is in charge of the Company’s operations at the head office in George Town, Cayman Islands. He is a director of Siem Shipping Inc. Mr. Delouche received degrees in civil engineering (structural) and business and was previously an audit manager with KPMG Peat Marwick LLP. Mr. Delouche is a US citizen.

David Mullen (born 1958),
Board member

Mr David Mullen, who has served as a Director of the Company since 2008, informed the Board that he will retire with effect at the conclusion of the Annual General Meeting. The Board expresses its sincere appreciation to Mr Mullen for his service and dedication to the Company as a Director for many years.

John C. Wallace (born 1938),
Board member

John C. Wallace is a Chartered Accountant having qualified with PricewaterhouseCoopers in Canada in 1963, after which he joined Baring Brothers & Co., Limited in London, England. Prior to his retirement in 2010, he served for over twenty-five years as Chairman of Fred. Olsen Ltd., a London-based corporation that he joined in 1968 and which specializes in the business of shipping, renewable energy and property development. He received his B. Comm degree majoring in Accounting and Economics from McGill University in 1959. In November 2004, he successfully completed the International Uniform Certified Public Accountant Qualification Examination and has received a CPA Certificate from the State of Illinois. Mr. Wallace also retired from the board of directors of Ganger Rolf ASA and Bonheur ASA, Oslo, both publicly-traded shipping companies with interests in offshore energy services and renewable energy. He is a Director of Callon Petroleum Co , USA where he is Chairman of the Audit Committee. He was inducted as a 2011 Industry Pioneer by the Offshore Energy Centre in Houston. Mr. Wallace is a Canadian citizen.