Board of Directors of Bonheur ASA

Ahead of the Annual General Meeting (AGM) of Bonheur ASA today, 27 May 2026, Fred. Olsen has decided to withdraw as Chair and member of the Board of Bonheur ASA.

Fred. Olsen has chaired Bonheur for more than 70 years, and today the Bonheur group of companies owns and operates both well-established and new businesses. Going forward, Fred. Olsen wishes to devote his capacity to support the Bonheur group of companies on business development activities rather than on more formal duties.

“Our companies are in good shape — more than ever it is now about enhancing opportunities, and that is what I want to focus on”, says Fred. Olsen.

In line with Anette Olsen’s choice, she will continue to lead the company both as Managing Director and through Fred. Olsen & Co. AS. It follows by law that she therefore cannot also be Chair of the Board. Taking account of and appreciating Fred. Olsen’s decision, the Shareholders’ Committee (SC) in Bonheur today before the AGM elected Gaute Gjelsten as non-executive Chair of the Board. Gaute Gjelsten has been a member of the Board since the AGM in 2025 and a member of the SC from 2023 to 2025.

“It is a privilege to take on this role after Fred. Olsen’s extraordinary stewardship. Bonheur ASA stands on a strong foundation, and I look forward to working further with the Board and Fred. Olsen & Co. AS”, says Gaute Gjelsten.

Gjelsten co-founded the shipping, offshore & insurance litigation firm Gjelsten Herlofsen Law in September 2022. Before that he spent 25 years in Wikborg Rein,18 years as a partner, and also headed the firm's shipping and offshore department.

The SC today also elected Jannicke Hilland, Carol Bell, Kristin Gjertsen and Nick Emery for new two-year periods as board members.