Corporate Governance
Seacrest Petroleo strives to protect and enhance shareholder value through openness, integrity and equal shareholder treatment. We are committed to maintaining high standards of corporate governance and investor relations as a key element of our strategy to reduce risks and increase value creation to the benefit of shareholders, employees, the environment and the society as a whole.
Seacrest Petroleo is primarily governed by the Bermuda Companies Act, its memorandum of association and its bye-laws. In addition, the Company is subject to certain aspects of the Norwegian Securities Trading Act, the Norwegian Accounting Act and the continuing obligations for companies listed on the Oslo Stock Exchange.
The Company is committed to ensuring that high standards of corporate governance are maintained and supports the principles set out in the Norwegian Corporate Governance Code.
Management
Thomas Kandel
Interim CFO – Investment Director
Thomas Kandel has more than 10 years’ experience from the oil industry. He previously served in M&A and Portfolio Management at Seacrest and Engie. He holds master’s Engineering degrees from Ecole Centrale de Lyon and from IFP School.
John de los Santos
Head of Investor Relations
John de los Santos has more than 10 years of experience in finance and investment research. Before joining Seacrest Petroleo he was an equity research analyst at Redburn, where he covered the Oil Majors, European E&Ps and Carbon Capture; and at UBS, where he covered Oil Macro and a wide range of Oil & Gas companies in London and New York. He has an MBA from Columbia Business School and prior experience in credit analysis covering the Asia Pacific TMT sector in Citibank.
Peter O’Driscoll
Group General Counsel
Peter O’Driscoll has served as Group General Counsel since June 2019. For the period from June 2005 to June 2019, he was a partner of Orrick, Herrington & Sutcliffe LLP, and prior to that worked in other recognised international law firms. Mr. O’Driscoll was admitted to the Bar of the State of New York in 1988. He obtained his law degree from Northwestern University School of Law in 1987, and a BA in English Literature from Oral Roberts University in 1984.
Board of Directors
Erik Tiller
Executive Chairman
Erik Tiller has more than 25 years of experience within finance and business, both within the oil and gas industry and the asset management industry. From 1994 to 2010, Mr. Tiller was chairman at Amerscan Capital Management Ltd. In 2011 Tiller founded the Seacrest Group, an international oil and gas private equity company. In addition to being a co-founder of the Company, Mr. Tiller also co-founded the Norwegian oil and gas company OKEA ASA in 2015. Mr. Tiller holds a BA in Business Administration and International Management from the California Lutheran University.
[1] Mr. Tiller indirectly owns 50% of Seacrest Partners III GP Limited, the general partner of Seacrest Partners III, L.P., a limited partnership which owns [33.06]% of the Company. Accordingly, in such capacity, Mr. Tiller may be deemed to control [16.53]% of the Company. [1] Mr. Murray indirectly owns 50% of Seacrest Partners III GP Limited, the general partner of Seacrest Partners III, L.P., a limited partnership which owns [33.06]% of the Company. Accordingly, in such capacity, Mr. Murray may be deemed to control [16.53]% of the Company.
Corporate Governance Documents
Annual General Meeting
The AGM and EGM will be announced here.
Committees
The Nomination and Corporate Governance Committee
The Nomination and Corporate Governance committee is responsible for the corporate governance of the Company and proposes candidates for members of the board of directors and the nomination committee, and remuneration to the members of these bodies. The general meeting shall adopt instructions for the nomination committee.
Pedro Magalhães
Erik Tiller
The Audit Committee
The Audit Committee oversees the integrity of the Company’s financial statements, financial reporting processes, internal controls and risk assessment and risk management policies, and of the compliance system and the performance of the Company’s internal control function.
Rune Olav Pedersen
Denis Chatelan
The Remuneration Committee
The Remuneration Committee, which is composed of three Independent Directors, assists the Board of Directors to enhance corporate governance effects and ensure a sound remuneration system for the Board members, and executive officers of the Company.
Martin Bachmann
The Technical Committee
The Technical Committee is established to assist the Board of Directors in overseeing all technical and operational matters, it is also responsible for overseeing the implementation and efficiency of Health, Safety, and Environmental (HSE) policies within the company. Finally, the Committee is also responsible for reviewing and monitoring the company’s reserves reporting process.
Denis Chatelan
Martin Bachmann
Reporting Channel
Seacrest Petroleo has established a reporting channel with partner Contato Seguro for employees, contractors, and other stakeholders to confidentially report any concerns or complaints about irregularities in the corporate environment.