Governance

Timothy Faries has served as a director of Höegh LNG since June 2022. Timothy 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.

Carlo Ravizza has served as our Director since June 2021 and was appointed chairman of the board of directors in November 2022. Mr Ravizza joined Höegh Capital Partners (“HCP”) in 2010 and is an Investment Director at the Firm’s London office. He is primarily involved on the direct investment side of the portfolio with responsibility over a number of HCP’s strategic investments where he has undertaken various initiatives entailing acquisitions, disposals, fundraising, restructuring, performance improvement and governance. Before joining HCP, Carlo spent 4 years in the advisory business while working at McKinsey & Company, Bain & Company, JPMorgan, Alvarez & Marsal and AlixPartners. In this context he advised leading European clients in cross border strategy, corporate finance and restructuring projects. Carlo holds a degree in Business Administration Cum Laude from University of Turin (Italy) and an MBA from London Business School.

David Spivak has served as our director since April 2014. Mr. Spivak has close to 30 years of capital markets and corporate finance experience, having built a career as an investment banker, capital markets advisor and chief financial officer for both private and public companies. Currently, Mr. Spivak serves as President of Brockstreet Capital, an investment and corporate finance advisory firm. Prior to founding Brockstreet, Mr. Spivak was Group Chief Financial Officer and Senior Vice President, Corporate Development of Persis Holdings Ltd., a private investment company based in Vancouver, Canada. Mr. Spivak also served as Chief Financial Officer of Seaspan Corporation, the world’s largest containership lessor. Mr. Spivak spent over 17 years at Citigroup as an investment banker, holding numerous positions, including Managing Director in the Investment Banking and US Equity Capital Markets Groups, Canadian Head of Global Capital Structuring and Chief Operating Officer of Citigroup Global Markets Canada. Mr. Spivak spent half a decade in New York where he led Citigroup’s equity capital markets business in the aircraft leasing, maritime and SPAC sectors. Earlier in his career, Mr. Spivak worked at Coopers & Lybrand in the Financial Advisory Services Group. Mr. Spivak holds a Master of Business Administration from the University of Chicago and a Bachelor of Commerce from the University of Manitoba. He is a Certified Public Accountant (inactive). Mr. Spivak currently serves as an independent non-executive director of Accord Financial Corp.

Kathleen McAllister has served as our director since July 2017. Ms. McAllister served as President, Chief Executive Officer, and Director of Transocean Partners LLC from 2014 and as Chief Financial Officer in 2016. From 2011 to 2014 Ms. McAllister served as Vice President and Treasurer of Transocean Ltd. and led the initial public offering of Transocean Partners in 2014 after holding roles of increasing responsibility in corporate and operations, finance, treasury, accounting and tax with Transocean. Ms. McAllister began her career at Deloitte and served in various finance, treasury, accounting and tax roles at Baker Hughes, Helix Energy Solutions Group and Veritas DGC Inc. prior to joining Transocean. Ms. Mcallister serves as an independent non-executive director of Black Hills Corporation (since 2019) and The Metals Company (since 2022) where she chairs the Audit Committee, and previously served as an independent non-executive board member of Maersk Drilling (2019 to 2021) where she chaired the Audit and Risk Committee. Ms. McAllister serves on the National Association Corporate Directors Board (NACD) Texas TriCities Chapter Board and as Program Committee Co-chair, the University of Houston-Clear Lake College of Business Dean’s Advisory Council and the Board of Aid to Victims of Domestic Abuse (AVDA). Ms. McAllister holds a Bachelor of Science degree in Accounting (with Honors) from the University of Houston-Clear Lake and is a National Association Corporate Directors Board Leadership Fellow and a Certified Public Accountant.

Mr. Erik Nyheim has served as our director since November 2022. Mr. Nyheim has served as President and Chief Executive Officer of Höegh LNG Holdings Ltd. since August 2022. Previously, he was a Partner of Boston Consulting Group’s Norwegian office where he had led their maritime practice since 2019. Prior to 2019, he worked for more than 15 years with the Wilhelmsen group. Mr. Nyheim holds a BSc Economics and Business Administration from the Norwegian School of Business and Administration (NHH) in Bergen.