Board of directors

Ole-Reinhart Notø – Chairman of the Board

  • Lawyer and investor with extensive experience from shipping industry, maritime industry, M & A etc
  • Partner in the Norwegian law company Adviso
  • Former partner in Schjødt

Frede Uldbæk

  • Managing Partner in Sydvestor AS.
  • Experienced director and executive as CFO from Danish and Norwegian maritime industry, ship owning companies and ship operation of deep sea fishing and offshore service vessels
  • Partner in several investment companies

Bjarni Armannson

  • Computer engineer from University of Iceland and MBA from IMD in Lausanne
  • CEO of Islandsbanki in Iceland from 1997-2007
  • Operating director for the private equity firm Paine&Partners
  • Today private investor and has industrial holdings in Iceland as well as operating within shipping and the offshore industry


  • Project Director in Offshore Merchant Partners
  • Broad experience from a number of positions in a family investment company engaged in shipping and offshore investments
  • Holds a Master in Business and Economics from BI Norwegian Business School

Stig Rune Løvold

  • Accounting manager in Sibelco Nordic AS
  • Experience from more than 30 years within accounting and finance in international mineral companies
  • Investor in Shipsinvest AS