Eivind Reiten, Chairman

Portrait

Eivind Reiten (born 1953) holds a degree in Economics from the University of Oslo.

Mr. Reiten started his career as a civil servant and later as Secretary for the Norwegian Centre Party. He has held a number of elected offices, including Minister of Petroleum and Energy, Minister of Fisheries and State Secretary for the Ministry of Finance. Mr.Reiten started working for Norsk Hydro in 1988 and held a number of leading positions at the company before becoming CEO of Norsk Hydro in 2001.

Eivind Reiten has held a number of board appointments. He was a member of the board of the Bank of Norway from 1991 to 1994 and Norske Skogindustrier from 1997 to 2000, and has chaired the board of Norway Post (1996–1999) and Telenor (2000–2001).

Mr. Reiten is a Norwegian citizen.

Number of shares in Kyoto Group AS: 8 000

Elected until: 2023

Thorleif Enger, Board member

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Thorleif Enger (born 1943) holds a PhD in Structural Engineering from University of Colorado. Mr. Enger started his career at Royal Dutch Shell’s Houston office from 1970 to 1973 where he worked on an LNG-project, before he embarked on his longstanding career with Norsk Hydro. First he worked in Hydro Oil and Gas which he also headed from 1996 to 1999. He then joined the agricultural division of Hydro, Norsk Hydro Agri, before Yara was listed as an independent company with Mr. Enger as CEO in 2004. Enger held the position as Yara CEO until 2008.

Thorleif Enger has held a number of board appointments, and has been chairman of Telenor, Spring Energy, Agrinos, Green Energy Group, and Treka, and he has been a board member of HitecVision, FMC Technologies, Marine Harvest, Acergy, PGS, Kverneland, NGI, and the supervisory board of E.ON Ruhrgas.

Mr. Enger is a Norwegian citizen.

Number of shares in Kyoto Group AS: 24 000

Elected until: 2023

Arne Erik Kristiansen, Board member

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Arne Erik Kristiansen (born 1958) holds a Bachelors degree in Business Administration from University of Karlstad, Sweden.

Mr. Kristiansen started his career as a controller and planner in Rank Xerox before joining the energy industry. He has held a number of leading positions in Hafslund both in Norway and internationally, including SVP Corporate and Business Development and SVP M&A, Investments and Real Estate. Mr.Kristiansen has worked as an advisor within corporate finance, strategy and investments in ABG Sundal Collier, Asiju Invest and is currently Partner in M&A advisory company Synergos, part of Translink Corporate Finance.

Arne Erik Kristiansen became a member of the board of Kyoto Group in 2017, and was Chairman of the board from 2019 to 2021.

Mr. Kristiansen is a Norwegian citizen.

Number of shares in Kyoto Group AS: 0

Elected until: 2023

Pål Selboe Valseth, Board member

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Pål Selboe Valseth (born 1970) holds a Master’s degree in Audit and Accounting from Norwegian School of Economics (NHH).

Mr. Valseth started his career as an auditor in KPMG, before joining Telenor and later becoming CFO of Simtronics ASA. Mr. Valseth was CFO of Apply and WellConnection Group before becoming Managing Director of family owned investment company Valinor in 2019.

Mr. Valseth holds a number of board appointments. He is chairman of the board at Norsk Solar AS, Bjerg AS and Røros Kobberverk AS. He is also a board member of Fons Holding AS.

Mr. Valseth is a Norwegian citizen.

Number of shares in Kyoto Group AS: 0

Elected until: 2023

Ivar Andreas Valstad, Board member

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Ivar Valstad (born 1975) holds a master of science in engineering from the Norwegian University of science and technology (NTNU), Norway.

Mr Valstad is representing Norsk Hydro on the board of Kyoto Group. Mr Valstad has 20 years of experience from business in Schlumberger, Aker Solutions and Xynteo and currently holds the position as Senior Advisor, Corporate Technology Office at Norsk Hydro.

Mr Vastad is a Norwegian citizen residing in Norway.

Hans Olav Kvalvaag, Board member

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Hans Olav Kvalvaag (born 1972) holds a Cand. Jur. in Law from the University of Oslo, as well as a degree in Corporate Finance from the Norwegian School of Economics. He is an officer from the Royal Norwegian Naval Academy.

After Mr. Kvalvaag completed his service to the Royal Norwegian Navy, he started his career as a consultant in McKinsey & Company before joining law firm Selmer DA as Attorney at law. He joined Norsk Hydro in 2007 and has since held various senior positions within business development and mergers and acquisitions including Director of Mergers & Acquisitions and Director of Global Joint Ventures. Mr Kvalvaag joined Scated Solar as VP Project Development in 2015 and became SVP New Ventures of Scated in 2017.

Hans Olav Kvalvaag holds a number of board appointments. He is chairman of the board at Hokkon AS, and board member at Kube Energy AS, and Oyster Thermal AS.

Mr. Kvalvaag is a Norwegian citizen.

Number of shares in Kyoto Group AS: 0

Elected until: 2023