Board of Directors

Bengt Arve Rem (1961)

Chairman of the Board

Mr Rem is the CEO of Kistefos AS. Prior to joining Kistefos AS in 2015, Bengt A. Rem was CEO in Arctic Partners. His previous experience includes Executive Vice President & CFO as well as other leading positions in the industrial investment company Aker ASA, Head of the Department Responsible for Financial Instruments on the Oslo Stock Exchange and state authorised accountant in Arthur Andersen & Co.

Mr Rem holds a Master of Science in Business and Administration and Finance from the Norwegian Business School (BI) and a Master in Accounting and Auditing from the Norwegian School of Economics and Business Administration (NHH).

He has been a board member in Western Bulk Chartering AS since 2016.

 

Erik Borgen (1978)

Member of the Board

Mr Borgen is an Investment Director at Kistefos AS. Prior to joining Kistefos AS in 2016, Erik Borgen was a partner at the private equity firm HitecVision. His previous experience includes partner at Arctic Securities AS as well as other positions in leading global Investment Banking firms like Morgan Stanley and Perella Weinberg Partners.

He has previously engaged in projects and activities within the fields of mergers and acquisitions, debt capital markets, IPO’s and restructuring.

Mr. Borgen holds a Master of Science in Finance from the Norwegian School of Economics (NHH).

He has been a board member in Western Bulk Chartering AS since 2016.

 

Tord Meling (1978)

Member of the Board

Mr. Meling is an Investment Director at Ojada AS, our second largest shareholder.

Mr. Meling holds a Master of Science in Finance from the Norwegian School of Economics (NHH).

He has been a board member in Western Bulk Chartering AS since December 2016.

 

Western Bulk

Email and IT-related Fraud Alert

There is an increasing risk of attempted fraud and other security threats via email. In particular, Western Bulk has noticed an increase of fraudulent requests to change bank account details of suppliers/creditors, in an attempt to redirect payments to criminals and not to the intended recipient. We encourage everyone to be vigilant and learn to detect fraudulent email instructions - seemingly legitimate emails may contain fraudulent information, this is not just a cybersecurity matter.

As a result, Western Bulk will treat any notice of bank account changes as suspicious. Urgent pressure to effect payment as soon as possible without verification of the changes will also be treated as suspicious.

Please note that Western Bulk would not inform of changes to bank account details by email notice alone. In the unlikely event that we need to change a beneficiary name or our other bank account details, we would personally contact our supplier or customer in order to personally verify any change in details.

Similarly, we ask that all our suppliers and creditors:

1. first notify us in writing and
2. personally verify any change in bank details or change in beneficiary in any payment advice to Western Bulk.

In summary, notices of bank account changes will require voice confirmation from your Western Bulk contact, either by telephone or face to face, before payment can be authorised so please make sure to notify any changes in good time.