Board of Directors

Thomas Fredrik Olsen (Fred. Olsen) (born 1929), Chair

Fred. Olsen was the proprietor of Fred. Olsen & Co. from 1955 till 1994 and has been Chair of the Board of Bonheur since 1955.

From 1994 he assisted Bonheur in its transition into renewable energy activities. He is an Honorary Doctor of the University of Heriot Watt and equally so of the Queen’s University Belfast, a Fellow of the Royal Institution of Naval Architects (UK) and further holds the titles of Industry Pioneer from the Offshore Energy Center Hall of Fame in Galveston, Texas and the Institutium Canarium’s Dominik Wölfel Medal, Vienna. He was 

chair of the Aker Group from 1957 to 1975, and from 1977 to 1981, chair of Timex Corporation from 1980 to 2002 and of the Harland & Wolff shipyard in Belfast from 1989 to 2001. He co-founded and was later chair of Norwegian Oil Consortium AS (NOCO), 1965-1983, and was a board member of SAGA Petroleum AS from 1972 to 1983. He was further chair of Widerøe’s Flyveselskap AS, 1970-1983. Fred. Olsen pioneered within oil tanker developments, drilling rig developments (Aker H3 drilling design), watch developments and he headed the transition of the Aker yards from shipbuilding into construction of semi-submersible drilling rigs. Fred. Olsen is a Norwegian citizen and resides in Oslo, Norway.

Carol Bell (born 1958) joined the board in 2014

Carol Bell holds an MA in Natural Sciences from the University of Cambridge and a PhD in Archaeology from University College London. Since 2000, after having worked within the oil and gas industry and investment banking (with JP Morgan and Chase Manhattan), she has divided her time between a range of activities, notably being non-executive director in the energy sector, conducting academic research and as a charity trustee. She currently sits on the boards of Tharisa plc and BlackRock Energy and Resources Income Trust plc. 

She has also served on the boards of TransGlobe Energy, Ophir Energy plc, PGS ASA, Salamander Energy plc., Hardy Oil & Gas plc., Revus Energy ASA, Det norske oljeselskap ASA and Caracal Energy Inc. She is also a Director of the Development Bank of Wales and the Football Association of Wales and a founder Director of Chapter Zero, which engages with non-executive directors on climate risk. She is a Trustee of the National Museum of Wales, Museum of London Archaeology, a Council Member of Research England and a Director of the National Physical Laboratory. Carol Bell is a British citizen and resides in London and Cardiff.

Jannicke Hilland (born 1967) joined the board in 2020

Jannicke Hilland holds a PhD in Physics from the University of Bergen, a BSc Honours in Electrical and Electronic Engineering from the University of Manchester Institute of Science and Technology and a study in Strategic Leadership from the Norwegian Business School. She is at present EVP of digital Infrastructure in Telenor. In the period 2015 – 2022 she was the CEO of Eviny, one of the larger renewable energy companies in Norway. In the period 2008 - 2015 she held different positions in Statoil, among other Head of Gullfaks operations, Vice President of Joint Operations on the Norwegian

Continental Shelf and Senior Vice President for Safety, Security and Emergency Preparedness in the Corporate Executive Committee. In the last position responsible for the Statoil BoD Safety, Security, Sustainability and Ethics Committee. In the period 1998 - 2008 she held different positions in Hydro, amongst others as platform manager on the Troll Field. She is deputy Head of Board in Yara International, member of the Yara Board Audit and Sustainability Committee and member of board in the Confederation of Norwegian Enterprise (NHO). She has been member of the board of Nysnø Klimainvesteringer in the period 2018 – 2023. Jannicke Hilland is a Norwegian citizen and resides in Bergen.

Heidi Skaaret (born 1961) joined the board in 2024

Heidi Skaaret holds a degree in Business Administration (siviløkonom) from the University of Washington in Seattle, USA. She started her career working for Bank of America in San Francisco, then moved on to holding a variety of positions at DNB from 1987 – 2000 and as a Senior Vice President. From 2001 she was the managing director of IKANO Finans ASA, and from 2008 – 2012 executive vice president at Lindorff AB (now Intrum) responsible for Norway, Sweden and

Denmark. Since 2012 she has been an executive vice president and part of the Group Management Team of Storebrand ASA. Her responsibilities included head of People & Technology and head of Retail Market. Currently Heidi Skaaret holds the following board positions; Chair of Storebrand Bank ASA, Chair of Storebrand Forsikring AS, Chair of Kron AS, board member and head of Audit Committee at Coor Service Management AB and board member of Noria Group AS. Heidi Skaaret is a Norwegian citizen and resides in Asker, Norway.

Nick Emery (born 1961) joined the board in 2014

Nick Emery is a qualified Management Accountant. He has worked in various Fred. Olsen- related companies for over 30 years and until April 2013 was CEO of Fred. Olsen Renewables AS. As from April 2013 he holds the position of CEO 

of the privately owned Fred. Olsen Ltd.(UK). He is Chair of the following Fred. Olsen Limited subsidiaries: The Natural Power Consultants Limited and Zephir Limited. In addition, he is a director of a number of other companies including Fred. Olsen Travel Limited. Nick Emery is a British Citizen and resides in London and Cornwall, England.

Gaute Gjelsten (born 1969) joined the board in 2024

Gaute Gjelsten is a candidate in jurisprudence from the University of Oslo in 1997. He joined the law firm Wikborg Rein directly after law school and worked there for almost 25 years, 18 years as a partner, and headed the firm's shipping offshore department for several years. In September 2022, Gjelsten co-founded the shipping, offshore & insurance law litigation firm boutique Gjelsten Herlofsen Law. During his time at Wikborg Rein, Gjelsten worked at the Oslo and

London offices, and was for three years the firm's Japan Representative whilst also acting as Norwegian Consul-General for Kobe/Osaka, Japan. Mr Gjelsten is recognised as a market leading Norwegian shipping and offshore lawyer and is top ranked in Legal 500 ("Recommended Individual") and Chambers and Partners (ranked in Band 1). He has extensive litigation experience before the Norwegian courts and in arbitration proceedings and is admitted to the Norwegian Supreme Court. Gaute Gjelsten is a Norwegian citizen and resides in Oslo, Norway.