All directors are independent from the executive management team and Archer’s material business relations. Three of the seven directors (Giovanni Dell’ Orto, Alf Ragnar Løvdal and Harald Thorstein) are independent from shareholders holding 10% or more of the shares in the Company.
Thus, as a whole the Board complies with the independency requirements of Oslo Børs listing rules and the Norwegian corporate governance code.
Orjan Svanevik Chairman
Mr. Svanevik is an employee of the Seatankers Group and a director of Seadrill Limited. He was previously Managing Director for the investment advisory firm, Oavik Capital. Prior to Oavik, he was Head of M&A and a Partner at Aker ASA, and COO and EVP of Kværner ASA. Mr. Svanevik also worked nearly a decade in corporate advisory and investment banking. He started his career at Schlumberger, where he held various international financial management positions. Svanevik has an AMP from Harvard Business School and a MBA from Thunderbird.
Alf Ragnar Løvdal Director
Mr. Løvdal is Chief Executive Officer of North Atlantic Drilling Limited since January 2013 and has served as Senior Vice President for Seadrill in the Asia Pacific region from April 2009 until December 2012. He was previously Chief Executive officer of Seawell Ltd. Mr. Løvdal has 35 years of experience in the oil and gas industry, 10 years of which he was responsible for the well services business for the drilling contractor Smedvig, which Seadrill acquired in early 2006. At Smedvig, Mr. Løvdal held several senior positions including general manager of operations for mobile drilling units. Prior to his employment with Smedvig and Seadrill, Mr. Løvdal held various positions in different oil service companies, including five years of offshore field experience with Schlumberger. He has a degree in mechanical engineering from Horten Engineering Academy in Norway.
John Reynolds Director
Mr. Reynolds co-founded Lime Rock Partners in 1998 and is currently a managing director of Lime Rock Partners. Mr. Reynolds remains an active member of the Lime Rock Partners investment team, investigating and executing primarily energy service investment opportunities worldwide.
Prior to co-founding Lime Rock Partners, Mr. Reynolds worked at Goldman Sachs where he spent six years in the investment research department and had senior analyst responsibility for global oil service sector research and was one of the top-rated analysts in the sector. He currently serves on the board of directors of Tesco Corporation, EnerMech Ltd., Revelation Energy Holdings LLC, Tercel Oilfield Products, and VEDCO Holdings Inc.
He previously served on the board of directors of Hercules Offshore Inc., Eastern Drilling ASA, IPEC Ltd., Noble Rochford Drilling Ltd., Patriot Drilling, Roxar ASA, Sensa Ltd., and Torch Offshore Inc.
Mr. Reynolds is a U.S. citizen and resides in the United States.
Kate Blankenship Director
Kate Blankenship has served as a Director since Archer’s incorporation in August 2007.
Mrs. Blankenship has also served as a director of Seadrill since 2005, Frontline Ltd. since 2004, Ship Finance International Limited since October 2003, Independent Tankers Corporation Limited since February 2008, Golar LNG Limited since July 2003, Golden Ocean Group Limited since November 2004 and North Atlantic Drilling Ltd since 2011.
Mrs. Blankenship has also served as chief accounting officer and secretary of Frontline Limited between 1994 and 2005, as chief financial officer of Knightsbridge Tankers Limited from April 2000 until September 2007 and was secretary of Knightsbridge Tankers Limited from December 2000 until March 2007.
Mrs. Blankenship is a member of the Institute of Chartered Accountants in England and Wales.
Ms. Blankenship is a British citizen and resides in France.
Giovanni Dell’ Orto Director
Giovanni Dell’ Orto was appointed as a Director in February 2011.
Mr. Dell’ Orto was president and chief executive officer of DLS Drilling, Logistics and Services from 1994 to August 2006.
He is a member of the board of Energy Developments and Investments Corporation (EDIC), supervising EDIC’s gas marketing activities in Europe and other upstream projects in North Africa.
He is also a nonexecutive member of the board of directors of Gas Plus S.p.a., an Italian company listed on the Milan Stock Exchange.
Mr. Dell’ Orto has also served as chairman and chief executive officer of Saipem and was a board member of Agip and Snam.
Mr. Dell’ Orto is an Argentinean citizen and resides in Argentina.
Dag Skindlo Director
Dag Skindlo has served as a Director since April 2016, in addition to being the Chief Financial Officer and Executive Vice President Strategy.
Please see the “Executive Team” section for further details regarding Mr. Skindlo.