Corporate Governance

As a company incorporated in Bermuda, Höegh LNG is subject to Bermuda law regarding corporate governance in addition to the Oslo Stock Exchange's "Continuing obligations of stock exchange listed companies" section 7 "Corporate Governance Report" (the "Continuing Obligations"). ​

The Company has adopted and implemented a corporate governance regime which, in all material respects, complies with the Norwegian Code of Practice for Corporate Governance Code (the "Corporate Governance Code") referred to in the Continuing Obligations section 7.

Annual General Meeting

​The Annual General Meeting is Höegh LNG's highest decision-making body. The Annual General Meeting resolves among others the appointment of the Auditor, election of the Board of Directors and the Nomination Committee and the determination of remuneration for the Directors and the members of the Nomination Committee.

The Board of Directors​

The Board of Directors may consist of up to ten Directors appointed by the Annual General Meeting, however currently the Board has seven members.

The Board has among its tasks to decide on the Group's overall objectives and strategies, employ the Chief Executive Officer and President of Höegh LNG​, decide on budgets and business plans, consider and approve financial statements and quarterly financial reports, monitor the financial development, and decide on policy issues with strategic implications and material consequences. The work of the Board is scheduled in an annual plan with fixed information- and decision points and if required, interim board meetings are arranged.

The Board has authorised Höegh LNG AS, a wholly owned management company, to carry out the day-to-day management of the assets under a management agreement comprising administrative, commercial and technical activities. The Board of Directors has established an Audit Committee and a Governance, Compliance​ and Compensation Committee.

The Auditor

The Auditor is appointed by the Annual General Meeting and has the duty to audit the Company's financial reporting. Höegh LNG's ​auditor is currently Ernst & Young. In order to safeguard the Board of Directors' access and control of the Auditor's work, the Auditor meets with the Audit Committee and once a year with the full Board. The auditor ​receives all documentation for and minutes from all ​Board meetings.

General meetings


Sveinung J. S. Støhle, ​​​​President and Chief Executive Officer


Sveinung Støhle (born 1958) serves as the President and Chief Executive Officer of Höegh LNG through his employment with Höegh LNG AS since 2005. He also holds the position as Chairman of Höegh LNG Partners LP, an MLP company listed on the NYSE in New York. He is also a member of the Board of Directors for Avenir LNG Ltd. Sveinung Støhle has more than 25 years of experience from the LNG industry with both shipping and oil & gas companies. Prior to his employment with Höegh LNG he held positions as President of Total LNG USA, Inc., Executive Vice President and Chief Operating Officer of Golar LNG Ltd., General Manager Commercial of Nigeria LNG Ltd. and various positions with Elf Aquitaine. Sveinung Støhle has a Master of Business Administration from the University of San Francisco and a Bachelor of Science in Finance from California State University. He is a Norwegian citizen and resides in Norway.

Håvard Furu, ​​​​​Chief Financial Officer


Håvard Furu (born 1974) has served as Chief Financial Officer for Höegh LNG AS since 2019. He comes from the position as CFO of law firm Wikborg Rein. Before that he was CFO in Western Bulk in the period 2009 to 2017 and was formerly employed by BW Gas as Assistant Director Strategy and Finance. From 1997 until 2005 he held various positions within auditing with PriceWaterhouse Coopers. Mr. Furu holds a BSc Economics and Business Administration as well as being a Chartered Accountant from the Norwegian School of Business and Administration (NHH) in Bergen. He is a Norwegian Citizen and resides in Norway.

Richard Tyrrell, Chief Development Officer


Richard (born 1973) has served as Chief Development Officer for Höegh LNG since September 2018. Prior to that he served as the Chief Executive Officer and Chief Financial Officer of Höegh LNG Partners since 2014. Prior to joining Leif Höegh UK, Mr. Tyrrell served as a Managing Director in the energy team of Perella Weinberg Partners, a global, independent advisory and asset management firm, from June 2009 until January 2014. From 2008 to February 2009, Mr. Tyrrell was an investment professional with Morgan Stanley Infrastructure, an infrastructure investment and management platform with $4 billion under management, where he evaluated principal investment opportunities. From 2003 to 2008, Mr. Tyrrell worked for various departments of Morgan Stanley’s Investment Banking Division, including its Global Energy and Utilities Group and its United Kingdom Mergers and Acquisitions Group. From 1994 to 2000, Mr. Tyrrell served as a technical manager and field engineer for Schlumberger Limited in Australia and Southeast Asia. Mr. Tyrrell has a Master of Business Administration from Harvard Business School and an undergraduate degree in Mechanical Engineering from the Imperial College of Science, Technology and Medicine.​

Øivin Iversen, ​​​​Chief Technical Officer


Øivin Iversen (born 1969) has served as Chief Technical Officer since 2017. ​He has worked with development of LNG carriers and floating LNG terminals solutions for more than 20 years holding various technical and commercial positions. At Höegh LNG he has been involved in the development of Floating Regasification and Storage Units (FSRU) and was heading the development of the Floating Liquefaction Units (FLNG). He ​holds a Master Degree in naval architecture. He is a Norwegian citizen and resides in Norway.

Vegard Hellekleiv, ​Chief Operations Officer


Vegard Hellekleiv (born 1969) has served as Chief Operations Officer since 2017 and prior to that he was ​Chief Technical Officer since 2013. He has been employed with Höegh LNG AS and its predecessors since 1998. He worked 3 years in DNV after graduating, and has gained 20 years of experience working with business development, site supervision, ship management and execution of capital projects. He holds a Master of Science in marine technology from NTNU in Trondheim. He is a Norwegian citizen and resides in Norway.​

Tom Solberg, ​​​Chief of Staff


Tom Solberg (born 1973) serves as Chief of Staff of the group through his employment with Höegh LNG AS since 2015. He holds a Bachelor of Science in Sociology, International Politics & Labour Law from the University of Oslo and a Master of Science in Human Resources Management from the University of Salford, UK. Mr Solberg has extensive experience from HR, Management and Communication. He is a Norwegian citizen and resides in Norway. ​

Camilla Nyhus-Møller, Chief Legal & Compliance Officer


Camilla Nyhus-Møller (born 1976) has served as the Chief Legal & Compliance Officer through her employment with Höegh LNG AS since 2018 and has been Head of Legal & Compliance in Höegh LNG since 2010, latest as SVP Legal & Compilance. Before that she was legal counsel for Höegh LNG and Höegh Autoliners, an associate in the Norwegian law firm BAHR and a foreign lawyer trainee with the US law firm Holland & Knight. She is also a member of the Merkur Market Appeals Committee. She has more than 15 years’ experience in the shipping and offshore sector. Camilla Nyhus-Møller has her law degree (cand.jur.) from the University of Oslo, Norway. She is a Norwegian citizen and resides in Norway.

Ragnar Wisløff, Head of Change and Transformation


Ragnar (born 1957) has served as Head of Change and Transformation since September 2018. He has previously served as Chief Development Officer since 2017 and as Chief Commercial Officer since 2013, being in charge of business development and commercial operations. He ​was the Managing Director of Höegh LNG Asia Pte. Ltd. in Singapore from 2011 to 2013. He joined Höegh LNG in 2005 and has 15 years of experience from the gas industry in both upstream and downstream activities with various companies in the industry. He holds a Master of Science in marine technology from NTH in Trondheim. ​​​He is a Norwegian citizen and resides in Norway.​

Board of Directors

Morten W. Høegh, ​​​Chairman​​​
Audit Committee Member


Morten W. Høegh (born 1973) has served as chairman of Höegh LNG since 2006 and is a member of the company’s governance, compliance and compensation committee. Morten W. Høegh is also a director of Höegh Autoliners Holdings AS and Höegh Eiendom Holdings AS. He serves as the Chairman of Gard P&I (Bermuda) Ltd. and Chairman of its Risk and Election and Governance Committees and a director and Chairman of certain of its subsidiaries. He also serves as the Chairman of the Western Europe committee of DNV GL. 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 the Massachusetts Institute of Technology. He is a Norwegian citizen and resides in the United Kingdom.

Leif O. Høegh, ​​​​​​Deputy Chairman
Governance, Compliance and Compensation Committee Member​​


​​Leif O. Høegh (born 1963) has served as Deputy Chairman of Höegh LNG since 2006 and is the Chairman of Höegh Autoliners Holdings AS. Leif O. Høegh worked for McKinsey & Company and the Royal Bank of Canada Group. He holds an MA in Economics from the University of Cambridge and an MBA from Harvard Business School. Leif O. Høegh is a Norwegian citizen and resides in Norway.​

Andrew Jamieson, ​​​Director
Chairman of Audit Commitee


Andrew Jamieson (born 1947) has served as a Director of Höegh LNG since 2009. He has vast experience from the energy industry in general and LNG in particular, having been in charge of both the North West shelf project in Australia and Nigeria LNG for a number of years. Andrew Jamieson retired from the Royal Dutch Shell group in 2009 where he has served as Executive Vice President Gas & Projects and Member of the Gas & Power Executive Committee since 2005. From 1999 to 2004 he was Managing Director in Nigeria LNG Ltd and Vice President in Bonny Gas Transport Ltd. Jamieson has been with Royal Dutch Shell group since 1974 with positions in The Netherlands, Denmark, Australia and Nigeria, and he has been a director on the boards of several Shell companies. Jamieson holds a Ph.D. degree from Glasgow University. Andrew Jamieson is a Fellow of the Institute of Chemical Engineers and also of the Royal Academy of Engineering. Andrew Jamieson is a citizen of the United Kingdom and resides in the United Kingdom and Australia. ​

Ditlev Wedell-Wedellsborg, ​​​​​Director
Chairman of Governance, Compliance and Compensation Committee​


Ditlev Wedell-Wedellsborg (born 1961) has served as a Director of Höegh LNG since 2006. He is the owner of Weco Invest A/S, an investment company working out of Copenhagen. Previously he was a partner in the corporate finance boutique Capitellum and prior to this he held various management positions in the Danish shipping company Dannebrog Rederi A/S. He has also been a consultant with McKinsey & Co. Ditlev Wedell-Wedellsborg holds an MBA from INSEAD, France and a BA in economics from Stanford University. Ditlev Wedell-Wedellsborg is a Danish citizen and resides in Denmark.​​

Christopher G. Finlayson, ​​​​​​​Director​​​
Governance, Compliance and Compensation Committee​


Christopher G. Finlayson (born 1956) has served as a Director of the Board since 2015. He is a non-executive chairman of the board of Interoil Corporation, a director of the board of Lloyds Register Group and he chairs Lloyds' remuneration committee. Finlayson joined BG Group in 2010. He led BG Group's operations in Europe and Central Asia until 2011 when he became Managing Director of BG Advance and was appointed to the BG Group Board of Directors. He was responsible for BG Group's world-class exploration team, major capital projects programme, technology, contracts and procurement and IT. Mr Finlayson was CEO from 2012 until he left the BG Group in April 2014. Before joining BG, he worked with exploration and production of oil and natural gas in Royal Dutch Shell for 33 years, which includes operational management experience from Nigeria, Russia, Brunei, Turkey and the North Sea. Mr Finlayson received a BSc Physics and Geology with First Class Honours from the University of Manchester in 1977. He is a British citizen and resides in the United Kingdom. Finlayson does not own any shares in Höegh LNG.

Jørgen Kildahl, ​​​​​​Director​​​


​Jørgen Kildahl (born 1963) has since 2010 been a Member of the Board of Management (Vorstand) in E.ON SE. He served as an Executive Vice President in Statkraft AS from 1999 to 2010, where he was also part of the Executive Management Board from 2001. Jørgen Kildahl has also held positions in a PR consultant group, as fund manager and served at several boards. In his previous positions, he has been involved in international business development and leading organisational restructuring and development. Jørgen Kildahl holds a M.Sc. degree from the Norwegian School of Economics and Business Administration (NHH) in Bergen, is a Chartered Financial Analyst, holds a MBA from NHH and has further concluded the Advanced Management Program (AMP176) at Harvard Business School. He is a Norwegian citizen and resides in Germany.​

Steven Rees Davies , ​​​​​​​​​​​​​​Director
​​Gover​​nance, Compliance and Compensation Committee Member


Steven Rees Davies (born 1974) has served as a Director of Höegh LNG since May 2017. Steven Rees Davies is a partner within the Corporate department of Appleby (Bermuda) Limited, Höegh LNG's Bermuda counsel, where he practices in the areas of corporate finance, capital markets, regulation, corporate governance and intellectual property. He also advises on cross jurisdictional corporate transactions and restructurings as well as private and public offerings, placements and introductions to the Bermuda, London and New York stock exchanges, in addition to multinational joint ventures and private equity projects. Steven Rees Davies graduated from Oxford Brookes University with a Bachelor of Laws and from the College of Law, England, with a Postgraduate Diploma in Legal Practice. Steven Rees Davies qualified as an attorney and member of the bar of New York (US Southern District) in 2002 and as a solicitor in England & Wales in 2003 (non-practicing). He was called to the Bermuda Bar in 2008. Steven Rees Davies is a British citizen and resides in Bermuda.

Nomination Committee

Höegh LNG's Nomination Committee is composed and elected in accordance with the Company's Bye-laws.

The majority of the Nomination Committee shall be independent of the executive personnel of the Company. At least one member of the Nomination Committee shall not be a member of the Board. The Nomination Committee shall propose candidates to be appointed as Directors and make recommendations to the Company's Annual General Meeting on remuneration for the Directors.

The Nomination Committee shall also nominate its candidates as the Chairman and Members of the Nomination Committee and propose their remuneration.

Members of Höegh LNG's Nomination Committee are usually elected for a term of one year.

Members of the Nomination Committee:

Stephen Knudtzon (Chairman)
Partner, Advokatfirmaet Thommessen AS

Morten W. Høegh (Member)
Chairman, Höegh LNG Holdings Ltd.

William Homan-Russell (Member)
Shipping Analyst, Tufton Oceanic Limited

For nominations to the Board of Directors or to the Nomination Committee​, please contact us​.​

Governance Documents

Other Governance Documents

Download item year list
Date Download Description
February 16, 2018


​​Höegh LNG’s main objective is to manage and operate the Group's assets to the highest technical and commercial standards. This implies a zero tolerance for corruption, impeccable safety records, compliance with all environmental regulations and respect for human rights.​

Höegh LNG aims to contribute to sustainable development by acting as a socially responsible company. The Group actively seeks to integrate social and environmental concerns in all business operations and to find a sound balance between stakeholders’ interests, operational efficiency and shareholder value.

Höegh LNG’s activities may impact the environment and local communities. The Company is committed to ensuring safe and sustainable management of such impacts.

The Board of Directors is responsible for overseeing the Group’s CSR strategies and procedures. Health, safety and environmental KPIs are reported to the Board of Directors on a regular basis. The Group has robust management systems certified according to the International Safety Management Code, ISO 9001 and ISO 14001.

To ensure a targeted approach to CSR management, Höegh LNG has undertaken a systematic assessment of the Company’s environmental, social and ethical impacts. The following issues were identified as the most important and material to Höegh LNG:

  • working conditions and health and safety
  • ethics and anti-corruption
  • supply chain standards
  • climate change and environmental footprint
  • CSR due diligence
  • stakeholder engagement
  • tax
  • ship recycling

Since 2014, Höegh LNG reports its sustainability performance (CSR) according to the Global Reporting Initiative’s (GRI) Sustainability Reporting Framework.

Höegh LNG is a member of a shipping network called Maritime Anti-Corruption Network (MACN). MACN is a global business network working towards its vision of a maritime industry free of corruption that enables fair trade to the benefit of society at large. Additional information on the Maritime Anti-Corruption Network can be found on