True Crime -- NATO uses DWRIA for "died of wounds received in action". RIP Andreas Ove Lund Ugland (8 March 1955 -- 7 March 2020) The Corona Virus and NAT -- 03/02/2020 Nordic American Tankers Ltd. (NYSE:NAT) Board of Directors: Herbjørn Hansson, Chairman & CEO. Andreas Ove Ugland, Vice Chairman, Director and Audit Committee Chairman. Richard H. K. Vietor, Board Member. Jim Kelly, Board Member. Nordic American Tankers Limited (NYSE: NAT) – Report for the fourth quarter2019and the twelve months endingDecember 31, 2019 –Good start of 2020!Hamilton, Bermuda, February 18, 2020HIGHLIGHTS
NORDIC AMERICAN TANKERS Ltd CIK#: 0001000177
SIC: 4400 - WATER TRANSPORTATION
State location: D0 | Fiscal Year End: 1231
formerly: NORDIC AMERICAN TANKER SHIPPING LTD (filings through 2011-06-29)
(Office of Energy & Transportation)
Herbjørn Hansson earned his M.B.A. at the Norwegian School of Economics and Business Administration and attended Harvard Business School. In 1974 he was employed by the Norwegian Shipowners' Association. In the period from 1975 to 1980, he was Chief Economist and Research Manager of INTERTANKO, an industry association whose members control about 70% of the world's independently owned tanker fleet, excluding state owned and oil company fleets. During the 1980s, he was Chief Financial Officer of Kosmos/Anders Jahre, at the time one of the largest Norwegian based shipping and industry groups. In 1989, Mr. Hansson founded Ugland Nordic Shipping AS, or UNS, which became one of the world's largest owners of specialized shuttle tankers. He served as Chairman in the first phase and as Chief Executive Officer as from 1993 to 2001 when UNS, under his management, was sold to Teekay Shipping Corporation, or Teekay, for an enterprise value of $780.0 million. He continued to work with Teekay, recently as Vice Chairman of Teekay Norway AS, until he started working full-time for the Company on September 1, 2004. Mr. Hansson is the founder and has been Chairman and Chief Executive Officer of the Company since its establishment in 1995. He also has been a member of various governing bodies of companies within shipping, insurance, banking, manufacturing, national/international shipping agencies including classification societies and protection and indemnity associations. Mr. Hansson is fluent in Norwegian and English, and has a command of German and French for conversational purposes.
Andreas Ove Ugland has been a director of the Company since 1997. Mr. Ugland has also served as director and Chairman of Ugland International Holding plc, a shipping/transport company listed on the London Stock Exchange; Andreas Ugland & Sons AS, Grimstad, Norway, Høegh Ugland Autoliners AS, Oslo and Buld Associates Inc., Bermuda. Mr. Ugland has spent his whole career in shipping in the Ugland family owned shipping group. Mr. Ugland is Chairman of our Audit Committee.
Jim Kelly has been a director of the Company since June 2010. Mr. Kelly has worked for Time Inc., the world's largest magazine publisher, since 1978. He served as Foreign Editor during the fall of the Soviet Union and the first Gulf War, and was named Deputy Managing Editor in 1996.
Jan Erik Langangen has been a director of the Company since June 2010. Mr. Langangen was the Executive Vice President, Business Development and Legal from November 2004 until September 2010. From October 2010 until February 2015, Mr. Langangen was employed by the Company.
Richard H. K. Vietor has been a director of the Company since July 2007. Dr. Vietor is the Baker Foundation Professor of Business Administration at Harvard Business School where he teaches courses on the regulation of business and the international political economy. He was appointed Professor in 1984.
Bjørn Giaever, Chief Financial Officer and Secretary
Bjorn Giaever joined the Company as Chief Financial Officer and Secretary on October 16, 2017.
Audit Committee. In accordance with the rules of the NYSE, the Board has established an Audit Committee, consisting of two independent Directors. The members of the Audit Committee are Andreas Ove Ugland, who serves as Audit Committee Chairman, and Jim Kelly.
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