Annual Report 2011 - PGS

Board of Directors
Francis Gugen
Chairperson
(Elected 2003)
Francis Gugen was elected PGS Board Chairman in May 2009. Currently an energy-industry
consultant and investor, he worked at Amerada Hess Corporation for 18 years, from 1982 to 2000.
Mr. Gugen served as Chief Executive of Amerada Hess UK from 1995 to 2000 and Amerada Hess’
Chief Executive of North West Europe from 1998 to 2000. His board positions at listed companies
include Board Chairman of IGas Energy Plc and Board Member of SBM Offshore NV; Mr Gugen is
an IGas Energy investor. Francis Gugen is also Chairman of the Board and investor in a number of
privately held companies. A UK chartered accountant, he has also worked at Arthur Andersen. As
of April 4, 2012, Mr. Gugen owns 30,000 PGS shares.
Harald Norvik
Vice Chairperson
(Elected 2003)
Audit Committee
Chairperson
Harald Norvik is an independent advisor and consultant. He is Chairman of the Board of
Telenor, Board Chairman of Aschehoug Publishing House and Board Member of ConocoPhillips,
Inc., Deep Ocean Holding and Umoe. Mr. Norvik was President and Chief Executive Officer of
Statoil from 1988 to 1999. From 1981 to 1988, he was Finance Director and a Member of the
Executive Board of the Aker Group. Harald Norvik served as Personal Secretary to the Prime
Minister of Norway and as State Secretary in the Ministry of Petroleum and Energy from 1979 to
1981. He received his Master of Science in Business from the Norwegian School of Economics and
Business Administration. As of April 4, 2012, Mr. Norvik owns 8,000 PGS shares.
Dr.Carol Bell
Board Member
(Elected 2009)
Audit Committee Member
Dr.Carol Bell has over 30 years of experience in the energy industry, with particular expertise
in investment and financing in the oil and gas sector. She is the senior non-executive director of
Hardy Oil and Gas plc, a non-executive director of Salamander Energy plc, a Member of the Board
of Det norske oljeselskap ASA and a Member of the Investment Advisory Committee of Gemini Oil
and Gas, a private investment fund. Dr. Bell is Chair of the Investment Committee of Girton College
in Cambridge. She has held senior positions in investment banking, including Managing Director
of the Global Oil & Gas Group at Chase Manhattan Bank, Head of European Equity Research at
JPMorgan and Global Head of its Oil and Gas Equity Research Team. Dr. Bell began her career
in corporate planning and development with RTZ Oil and Gas and later worked at Charterhouse
Petroleum plc. She was awarded a Ph.D. in May 2005 for her research on the evolution of
economic and trade relations in the Ancient Eastern Mediterranean across the Late Bronze/Iron
Age transition and in 2006 published a book on this subject. Dr. Bell is Honorary Treasurer of the
British School at Athens. She was educated as a scientist, earning an M.A. in Biochemistry from
Cambridge University, a B.A. in Geology from the Open University, and a Ph.D. in Archaeology
from University College, London. As of April 4, 2012, Dr. Bell owns 5,000 PGS shares.
52 PGS Annual Report 2011