Corporate Governance

As a company incorporated in Bermuda, Höegh LNG is subject to Bermuda law regarding corporate governance. As the company has bonds issued and listed on Oslo stock exchange, the Oslo Rulebook II – Issuer Rules Section 6 (Continuing obligations for issuers of bonds) applies to the company, including section 6.3.6 Report on Corporate Governance.

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 determination of remuneration for the Directors.

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 of Directors has established sub-committees, including a Coordination Committee and a Capital Structure Committee.

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 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


Erik Nyheim, President and Chief Executive Officer


Erik Nyheim (born 1972) has served as President and Chief Executive Officer of Höegh LNG Holdings Ltd. since August 2022. Erik recently held the position of Managing Director and Partner in Boston Consulting Group. Previously he has worked for close to 15 years with the Wilhelmsen Group where he held a broad range of positions such as Acting CFO, COO, CCO and investment director. He has also served as an officer in the Norwegian Navy. Erik holds a BSc Economics and Business Administration from the Norwegian School of Business and Administration (NHH) in Bergen. 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 through his employment with Höegh LNG AS since March 2019. He has served as interim CEO of Höegh LNG Partners LP since November 2021 and has served as Chief Financial Officer for Höegh LNG Partners LP since August 2020. From 2017 until February 2019, Mr. Furu served as the chief financial officer of the law firm Wikborg Rein. From 2009 to 2017, he was the chief financial officer of Western Bulk, a drybulk carrier operator. From 2005 to 2009, Mr. Furu was employed by BW Gas in various positions within the finance area, including 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 Administration (NHH) in Bergen, Norway. He is a Norwegian citizen and resides in Norway.

Thomas Thorkildsen, Chief Commercial Officer

Thomas Thorkildsen (born 1972) has served as Chief Commercial Officer for Höegh LNG since March 2022. Prior to that he served as Senior Vice President, Sales & Marketing since August 2018 and SVP Business Development since September 2013. Thomas has worked in a number of commercial roles in Höegh LNG and other LNG industry entities since his commencement with the Company in 2004 including chartering, S&P, commercial management and FSRU business development.  Thomas has a BSC in Nautical Science from Vestfold Maritime College and an MSC in Shipping Trade and Finance from Bayes business school in London. 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 1971) 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.

Øivin Iversen, Chief of Projects


Øivin Iversen (born 1969) has served as Chief of Projects since March 2022. He has previously worked as Chief Technical Officer since 2017. ​He has worked with development of LNG carriers and floating LNG terminals solutions for more than 25 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.

Board of Directors

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


Morten W. Høegh 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 has served as a director of Höegh LNG Partners LP since 2014. He also serves as chairman of Leif Höegh (U.K.) Limited. Since 2003 he has been a director of Höegh Autoliners Holdings AS (and its predecessors Leif Höegh & Co. ASA, Leif Höegh & Co. Ltd. and Höegh Autoliners Ltd.). Morten W. Høegh is a director of Höegh Eiendom Holdings AS. He is a director and 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 West Europe committee of DNV. From 1998 to 2000, Morten W. Høegh worked as an investment banker with Morgan Stanley. He holds an MBA from Harvard Business School with High Distinction (Baker Scholar) and an MSc in Ocean Systems Management and a BSc in Ocean Engineering from the Massachusetts Institute of Technology. He is a Norwegian citizen and resides in the UK.

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


Leif O. Høegh has served as a director of Höegh LNG since 2006 and previously as deputy chairman and is a member of the company’s audit committee. He is also the chairman of Höegh Autoliners Holdings AS and Höegh Eiendom 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.​

Martine Vice Holter, Director


Martine Vice Holter has served as a director of Höegh LNG since May 2021. Martine Vice Holter has been the Chief Executive Officer of Hoegh Capital Partners (HCP) for over a decade. HCP is a family investment office co-located in London and Oslo which manages all of the investment interests of the Hoegh family. Martine Vice Holter oversees a multi-asset class investment portfolio which includes direct investments (both private and public) and financial assets (managed through in-house portfolio managers as well as allocations to third party fund managers). The group embraces an active ownership approach; she is shareholder representative and/or non-executive director on several direct investment boards in the portfolio. Sector focus includes: shipping and transportation; real estate; East Africa agriculture; and media. Corporate actions include: IPOs, M&A, fund-raisings, refinancing, restructurings. Born in Canada, Martine Vice Holter has lived and worked in the US, Asia and Europe and has experience working in Africa. Prior to HCP, she was Chief Operating Officer of Arts Alliance Advisors, a venture capital fund focused on early stage media and technology investments (from 2000- 2005). Previously, she worked as a management consultant at McKinsey & Company based in London where she focused on strategy, finance and organisation-building. She began her career in investment banking (corporate finance and M&A) with Goldman Sachs in New York followed by Hong Kong. Martine received her MBA from INSEAD (1994) and graduated with a Bachelor of Arts (Honours) joint in Economics and Political Science from Queen’s University, Canada. She is a dual Canadian and British citizen and resides in London.

Alberto Donzelli


Alberto Donzelli has served as a director of Höegh LNG since May 2021. Alberto Donzelli is a Managing Director and co-head of Europe for Morgan Stanley Infrastructure Partners (MSIP). Alberto worked in the investment banking businesses of UBS and Credit Suisse, where he was part of the European Utilities Group advising on numerous M&A transactions in Europe. Alberto holds a degree in Business Administration from Bocconi University.

Johan Pfeiffer, Director


Johan Pfeiffer has served as deputy chairman of Höegh LNG since May 2021. Johan Pfeiffer is a Managing Director and Operating Partner with Morgan Stanley Infrastructure Partners (MSIP). He serves on the board of several companies in the MSIP portfolio. Prior to Morgan Stanley, Johan Pfeiffer was the President for Europe, Latin America and Africa for Johnson Controls and previously Tyco. Prior to Johnson Controls, Johan Pfeiffer was a Vice President for FMC Technologies in Houston and General Manager and Managing Director in Kongsberg, Norway. Johan Pfeiffer was previously the Vice Chairman of the US Petroleum Equipment and Services Association. He holds an MBA from the Wharton School, an MA in International Studies from the University of Pennsylvania, and an MSC in Material Sciences Engineering from the Swiss Federal Institute of Technologies (EPFL).

John Kwaak


John Kwaak has served as a director of Höegh LNG since May 2021. John is a Managing Partner of Zero Infinity Partners (ZIP), a firm he founded. ZIP is an investment firm focused on infra-tech, climate-tech, and sustainable real assets opportunities. Previously, John served as an Executive Director of Morgan Stanley Infrastructure Partners (MSIP) covering energy and transport sectors. Prior to that, he worked for Fortress Investment Group in their private equity division, and Evercore Partners in the Transportation & Infrastructure Group. He also served as First Lieutenant in the Republic of Korea Air Force. John received his MBA from the Wharton School of the University of Pennsylvania and an AB in Government from Harvard College.

Timothy Faries, Director


Timothy Faries has served as a director of Höegh LNG since June 2022. Mr. Faries is a partner of Appleby (Bermuda) Limited in the Corporate department and a member of the Insurance team. Mr. Faries was Bermuda Office Managing Partner from 2015-2021. Mr. Faries is also Chief Executive Officer of Appleby Global Corporate Services. He has extensive experience of public and private insurance company capital raising and M&A activity, public listings on US, UK and European securities exchanges, the establishment and licensing of alternative risk financing vehicles such as cat bonds, ILWs and other insurance-linked securities and captive insurance companies in established and emerging markets.

Governance Documents