Board of Directors
The Board of Directors ("Board") is responsible for Mermaid's overall management and strategic direction. The Board is required to meet on a quarterly basis to review and monitor our financial position and operations. Ad-hoc meetings are called to discuss other major issues, such as establishment and capital increases of new subsidiaries, significant asset investments, and annual budget approvals. Our Articles of Association provide that our Board will consist of not fewer than five Directors.
Certain information on the business and work experience of our directors officers is click on name:
Name
Age
Position
44
Executive Chairman
has been a director since 2005 and
was appointed Executive Chairman in February 2009. He is also the
President and Chief Executive Officer of Thoresen Thai Agencies
Public Company Limited, our controlling shareholder
50
Managing Director
has been our Managing Director since June
2006. From 2002 to May 2006, he was the Managing Director of
Africa Oilfield Services Ltd., based in Nigeria. From 2000 to 2002,
he was the Country Manager, Equatorial Guinea, for Transocean,
providing drilling rig services. From 1998 to 2000, he was
the Technical Manager for Transocean for Australia and South East
Asia, based in Singapore. From 1996 to 1998, he was the
Operations Manager for Sedco Forex Thailand. He has been
working in the oil and gas services industry for over 25 years and
received a National Safety Diploma from the British Safety Council
and has taken numerous safety, technical and managerial courses
throughout his career.
45
Non-Executive Director
has been a Director since 2006. He is the
Managing Director of Atlus Advisory Co., Ltd., where he provides
financial advisory services to various companies. Prior to this,
he was the Vice President of Credit Suisse First Boston
(Singapore) Pte. Ltd. from 1997 to 2003 and Assistant Vice
President of Phatra Thanakit Public Company Limited from
1995 to 1997. He received a Bachelor of Science degree from King Mongkut's Institute of Technology
Ladkrabang in 1986, a Master in Science from University of Michigan in 1993, and an M.B.A. from the
University of Pennsylvania in 1995.
45
Independent Director
is our Independent Director. He was
appointed to our Board of Directors in June 2007. He is
currently the President of Bualuang Securities Public Company
Limited prior to which he was its Independent Director and
member of its Audit, Compensation and Remuneration
Committees. From 1994 to 2000, he was First Vice President,
Corporate Finance Department at Jardine Fleming Thanakorn Securities Limited. He obtained a Bachelor
Degree in Industrial Engineering from Chulalongkorn University in 1987, an M.B.A. from the University of
Texas in 1991, and a Master of Education in Early Childhood Education from Chulalongkorn University in
2006.
63
Independent Director
is our Independent Director. He was
appointed to our Board of Directors in June 2007. He is currently
the Managing Director of Corporate Performance Advisors Ltd.
and XJET Ltd. He has since 1987 provided financial consulting,
investment management, and restructuring advice in the
development of commercial and financial projects in South East
Asia. From 1986 to 1987, he was the President and Chief Executive Officer of Royal Trust International, a unit
of Royal Trust Company, responsible for its international activities, and from 1971 to 1986, he held various
senior positions, including President and Chief Executive Officer, of several former Dow Financial Services
companies that were a part of Royal Trust International. In this capacity, Mr. Merszei also served as Vice
Chairman of the Executive Committee of Royal Trust Bank (Switzerland), Vice Chairman of Royal Trust
Merchant Bank Limited (Singapore), and Vice Chairman of Royal Trust Limited (Hong Kong).
Mr. Merszei is a graduate of Purdue University.
61
Independent Director
is our Independent Director. He was appointed to
our Board of Directors in June 2007. He is currently a member
of the Management Board of the Centre for Maritime Studies at
the National University of Singapore and a member of the Board
of PSA International Pte. Ltd. Mr. Ng joined PSA in 1971 and
held various positions, including Group President & Chief
Executive Officer, President and Chief Executive Officer, Singapore Region and Global Head of Technical and
Operations Development. Mr. Ng received a Bachelor of Social Science degree in Economics from the
University of Singapore in 1971 and graduated from the Advanced Management Program, Stanford University
in 1988 and the Advanced Management Program, INSEAD in 1994. He was awarded the Public Administration
Medal (Gold) by the Singapore Government in 1997.
60
Independent Director
is our Independent Director. He was appointed to
our Board of Directors in June 2007. He is the Chairman of
Certis CISCO Security Pte. Ltd. and Deputy Chairman of Tuas
Power Ltd. He is also Chairman of Redwood International Pte.
Ltd., an investment and consultancy company, and was the
former Chairman of the Singapore Commodity Exchange. He
joined Neptune Orient Lines Ltd ("NOL") in 1979 and held various positions, including Executive Director,
Group Chief Financial Officer, Group Chief Operating Officer, and Group Deputy Chief Executive Officer. He
retired from NOL in 2005. Prior to joining NOL, he worked with Coopers & Lybrand and Plessey Singapore.
Mr. Lim obtained a Bachelor of Accountancy Degree from the University of Singapore in 1975. He also
completed the Harvard Graduate School of Business Corporate Financial Management Course and Advanced
Management Program. He was awarded the Public Service Medal by the Singapore Government in 1999.
44
Non-Executive Director
was appointed as our Non-Executive Director in
January, 2009. She is also an Independent Director of Thoresen
Thai Agencies Public Company Limited, our controlling
shareholder. She was previously an Independent Director and
Audit Committee member of Norse Energy Corp. ASA (2005-
2008), an oil and gas exploration and production company
listed on the Oslo Stock Exchange, and Petrojarl ASA (2006), an FPSO company listed on the Oslo Stock
Exchange until acquired by Teekay Shipping Corporation. Her previous experience includes Partner, Equity
Research, HQ Norden Securities, Oslo, Norway and Vice President, Mergers and Acquisitions, Credit Suisse
First Boston, New York, U.S.A. She is also a trustee of her alma mater, Williams College. Ms. Horn graduated
with an M.B.A. from Yale University in 1991 and a B.A. from Williams College in 1987. She is a US citizen and
currently resides in Singapore.
