Key Personnel - Araca Energy ASA

Management

Mr. Henrik Wold, CEO (in interim):

Mr. Wold has background in Business Administration from Norwegian Business School, and previously held executive level positions in the technology sector.

Mr. Wold has been working as special adviser for a London based investor environment since 2012, and was involved with the acquisition of Araca in early 2014. He has functioned as special adviser in processes concerning Araca since then to December 2014 when he was appointet CEO (interim).

Press photos

Board of Directors

Mr. Rashid M. Ibrahim, Chairman of the Board:

Mr. Ibrahim was born in Lebanon in 1953. He was educated at the American University of Beirut where he graduated in 1975 with a degree in chemistry. He is a naturalised British citizen, married with one son and has lived and worked in London since 1992.

Mr. Ibrahim started his career in Saudi Arabia working in administration and management in construction and drilling companies moving later to head a group of companies in general contracting.

In 1992, Rashid moved to London and joined Mohamad Ajami in setting up the Levant Group in London Levant is an investment company focused on the Oil & Gas sector and Mineral Resources in emerging markets in the CIS countries, Africa and the Middle East.

Mr. Abdulkareem Al-Mutawa, Director:

Mr. Al-Mutawa started his professional career with the Kuwait Fund for Arab Economic Development, after his graduation in Economics & Political Science from Iowa University and Kuwait University.

Kuwait Fund is the first Governmental Agency in the Middle East that took an active role for the provision and administration of financial and technical assistance to developing countries. Mr. Al-Mutawa held senior positions as a Senior Economist and Senior Advisor to the Director General.

After leaving the Kuwait Fund, Mr. Al-Mutawa focused on his privately held and owned companies in the private sector; companies very active in Kuwait and the Middle East representing various international groups in the airline, airline services, construction, construction services and engineering, telecom, and technology industries.

Mr. Al-Mutawa has always been in close relationship with the “Kharafi Group” where he holds a number of board positions such as at Al Mal Investment in Kuwait, MACsa in Tunisia, Kuwait Pipe & Oil Industries in Kuwait, Hail Real Estate Co in Saudi Arabia, Al Qebla Al Watya in Kuwait. He is also on the board of the Industrial Bank of Kuwait and Falcon Aviation in Switzerland.

Ms. Kristina Stehling, Director:

Ms. Stehling is the Managing Director of Crossing Borders Ltd., an advisory practice focusing on Asian markets in the telecommunications, renewable energy, oil and gas, and the infrastructure sectors.

Ms. Stehling was the Executive Director and chief lobbyist for the Cable and Satellite Industry of Asia (CASBAA) from 1998-2000 and was responsible for opening markets for western broadcasters in Southeast Asia, China, Japan and India. From 1993-2000, she served as the chief lobbyist for responsible for securing contracts for BAA plc, Hughes Satellite Corporation and Hughes Network Systems, Lagardere Group and Lurssen Corporation in Asia.

She is currently representing renewable energy companies from Europe and providing strategic advice to European companies currently working to expand their business interest in Southeast Asia and China.

Prior to creating her own advisory practice, she worked as a senior producer for ABC News and NBC News from 1986-1994 and has lived and worked in the Philippines, Korea, the Middle East and New York. She is a graduate of the University of the Philippines in Political Science and Comparative English Literature and holds a Masters Degree in broadcast journalism from Columbia University. Ms. Stehling speaks five languages and is an active member of the Asian Womens Mentoring Circle, a non profit organization that aims to raise the profile of Asian women entreprenuers worldwide.

Ms. Olivera Ilincic, Director:

Ms. Ilincic has held several positions in the field of banking and state policy while working for the central bank and the president office in Serbia. She has also worked in the commercial fields of trade and consulting businesses.

From 2009 she has been managing director of Olints Consulting, based in Belgrade, Serbia. Her focus is on management and financial consultancy primarily for the UK market. She is responsible for all business segments on the company level with special emphasis on the development of creative solutions for the clients.

Ms. Ilincic is committed to excellent leadership and creating and leading teams. She is a member of the Supervisory Board for the Victoria Group, one of Serbia’s leading companies in the field of agroindustry and one of the largest
producers, exporters and investors in both Serbia and the region. The Group consist of ten member companies, which are interlinked into one business system.