Tor Olav Trøim has served as a director of the Company since September 2011 and was appointed as the Chairman of the Board in September 2017. He is the founder and sole shareholder of Magni Partners (Bermuda) Limited (“Magni Partners”) and serves as senior partner of its UK subsidiary, Magni Partners Limited. Mr. Trøim is a beneficiary of the Drew Trust, and sole shareholder of Drew Holdings Limited. Mr. Trøim has over 30 years of leadership experience in energy and maritime industries. Prior to founding Magni Partners in 2014, he held CEO and Director roles at several publicly listed companies, including Sea Tankers Management Co. Ltd., Seadrill Limited, Frontline Ltd., Ship Finance International Limited and Golar LNG Partners LP between 1995 and 2014. He also served as CEO of DNO AS from 1992 to 1995 and began his career as an Equity Portfolio Manager at Storebrand ASA. Mr. Trøim holds an MSc in Naval Architecture from the University of Trondheim, Norway. He currently serves as Director of Magni Sports AS, Borr Drilling Limited, Stolt-Nielsen Limited and Higas Holdings.