Governance

Board of Directors

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The Board of Directors has the ultimate responsibility for the management of the Company and must ensure that the activities are organised in a prudent manner.

The composition of the Board of Directors meets the need for expertise, capacity and diversity to achieve the Company’s goals, handle its main challenges and promote the common interests of all shareholders. The Board of Directors consists of eight directors and one deputy director, all elected at the annual general meeting.

Leif O. Høegh was elected to the board of the Company in 2008. He serves as an Alternate Director of Höegh Evi. He Chairs investment firm Höegh Capital Partners and real estate developer Höegh Eiendom. He is the Vice Chair of DNV Group and DNV Foundation. Leif O. Høegh has more than 40 years’ experience within shipping and investing and has worked for McKinsey & Company and the Royal Bank of Canada group. He has previously been a director in several companies listed on the Oslo Stock Exchange and the New York Stock Exchange. A Norwegian national, he holds an MA in Economics from the University of Cambridge and an MBA from the Harvard Business School.

Leif O. Høegh

Chair

Morten W. Høegh was elected to the board of the Company in 2008. Among others. he serves as Chair of Höegh Evi, he is a Partner of Höegh Capital Partners, Alternate Director of Höegh Eiendom, and serves as Chair of Gard P&I (Bermuda) and the Western Europe committee of DNV. From 1998 to 2000 he worked as an investment banker with Morgan Stanley in London.

Morten W. Høegh holds an MBA with High Distinction (Baker Scholar) from Harvard Business School and a Bachelor of Science in Ocean Engineering and Master of Science in Ocean Systems Management from Massachusetts Institute of Technology.

Morten W. Høegh

Deputy Chair

Eric was elected to the Board in 2025. He currently holds the position of CEO and Director of Höegh Capital Partners as well as a Director of Höegh Evi. Prior to his roles with the Höegh Group, he was CIO of SHL Capital and an MD of Cambridge Associates. He is senior professional investor with over 25 years’ experience executing and managing financial and industrial investments across the capital structure in both private and public markets. Industry experience across various segments with focus on the automotive (F1 racing, manufacturing and global transport) and the real asset space (maritime, infrastructure, energy and real estate). He is a former rowing World Champion and has a BA from Yale University and an MBA from Dartmouth College, USA (Tuck).

Eric den Besten

Director

Martine Vice Holter was elected to the board of the Company in 2011. She is a Senior Advisor to Höegh Capital Partners (HCP), having stepped down as CEO in 2023 after 17 years. HCP is a family investment office co-located in London and Oslo which oversees all of the investment interests of the Høegh family, including public and private direct investments as well as cross asset class financial investments. Martine continues to serve as a non-executive Board Director on selected Höegh-controlled investments. She is also on the Board of INSEAD as well as its Endowment Management Committee.

Her earlier career spanned investment banking at Goldman Sachs based in New York and Hong Kong, management consulting at McKinsey & Company based in London and venture capital at Arts Alliance Ventures based in London. She has broad cross-sector experience working across North America, Asia, Europe and Sub-Saharan Africa. Martine received her MBA from INSEAD and her joint honours BA in Economics and Political Science from Queen’s University (Canada).

Martine Vice Holter

Director

Johanna Hagelberg was elected to serve on the Company’s Board of Directors in 2021. She currently holds the position as Executive Vice President of the Biomaterials Business Area at Stora Enso Oyj and was previously the Executive Vice President and Head Sourcing & Logistics. She has also held the position of Chief Procurement Officer at Vattenfall AB after leading Sourcing and Supply Chain positions at NCC, RSA Scandinavia and at General Motors/SAAB. She is a Chair of the Board of directors of Veracel and member of the Board of directors of Montes del Plata. Johanna Hagelberg holds a MSc in Industrial Engineering & Management from Linköping University and a MSc in Engineering and Management of Manufacturing Systems from Cranfield University.

Johanna Hagelberg

Director

Kjersti Aass was elected to the board of Höegh Autoliners in 2021. She has worked with the United Nations Global Compact, where she led a global multi-stakeholder initiative founded by the International Chamber of Shipping, the International Transport Workers’ Federation, and the International Maritime Organization. She previously served as Sustainability Development Director at Yara International, where she was also a member of the Board of Directors.

Kjersti’s background includes consultancy, research in Antarctica, and humanitarian assignments in Nepal, Ethiopia, and Afghanistan. She has served on the board of the Norwegian Trekking Association (DNT) in Oslo and as Vice Chair of the Development Fund. Kjersti holds an MSc in Industrial Economics and Technology Management from the Norwegian University of Science and Technology and is currently pursuing an Executive MBA at ESCP Business School.

Kjersti Aass

Director

Kasper Friis Nilaus was elected to the board of Höegh Autoliners ASA in 2021. Kasper is CEO of Svitzer, the world’s leading towage provider. Prior to this, Kasper has held various positions in Svitzer primarily within commercial and business development and worked as a lawyer in Jonas Bruun Law firm in Copenhagen before joining Svitzer.

Kasper holds a Master of Law from the University of Copenhagen and an MBA from the University of Nottingham Business School. Before studying law, Kasper served as an officer of the reserve in the Danish Navy.

Kasper Friis Nilaus

Director

Gyrid Skalleberg Ingerø was elected to the board of Höegh Autoliners ASA in 2023. Gyrid has extensive management experience in finance and auditing working in and with listed and private equity-backed companies. She served as EVP & Group CFO in Kongsberg Gruppen ASA from 2017 to April 2023. Her career also includes her time in Nordea Bank, Komplett Group ASA, Reiten & Co Private Equity, Telenor Norge AS and Telenor Digital Businesses AS. She worked 8 years at KPMG before her CFO positions. Gyrid also holds broad board experience from several companies and organisations and is currently a board member of Gjensidige ASA, KID ASA, Sentia ASA, Kitron ASA, Nammo AS and Deputy Chair at Telenor ASA.

Gyrid Skalleberg Ingerø

Director

Thor Jørgen Guttormsen has had a long career with Höegh. He held the position as CEO of Höegh LNG from November 2021 to August 2022, and the position of CEO of Höegh Autoliners from September 2019 to September 2020. He was elected to the board of Höegh Autoliners in 2014 and has been on the board of Höegh Autoliners until August 2021, except for a leave of absence while he was CEO of Höegh Autoliners. He has been CEO of Höegh & Co from 1992 to 2008. Prior to this period, he held positions as Manager in Price Waterhouse and IKO Strategy AS and as CEO of JSA Holding BV (a Paris based shipping company).

Thor Jørgen has been president of the Norwegian Shipping Association and a Board member of BIMCO and ECSA. He is presently on the boards of directors of Telenor Maritime, and Danmarks Skibskredit. He has served as a director in Höegh LNG AS and has been an alternate director in Höegh LNG Holdings. Thor Jørgen holds an MSc from The Norwegian School of Economics and Business Administration (NHH) and has participated in the International Executive Program at the Institute for Management Development (IMD) in Lausanne, Switzerland.

Thor Jørgen Guttormsen

Deputy for Morten W. Høegh

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Board of Directors

Executive management