Board of Directors

On October 21, 2024, Daniel W. Rabun joined the Board of Directors for HMH as the Chairman of the Board. Further, Mr. Daniel W. Rabun has served on the Borr Drilling Board since April 2023 and is part of the Compensation Committee. He joined Ensco plc in 2006, becoming CEO in 2007 and Chairman in 2007, retiring in 2014 and 2015, respectively. Since 2015, he has been a Director at Golar LNG Ltd, serving as Chairman from 2015 to 2017, and is involved in several committees. He has been a non-executive director at ChampionX Corporation since 2018, currently serving as Chairman and on various committees. Prior to joining Ensco plc, Mr. Rabun was a partner at Baker & McKenzie LLP where he had practiced law since 1986. He has been a US Certified Public Accountant since 1976 and a member of the Texas Bar since 1983. Mr. Rabun served on APA Corporation’s Board from 2015 to 2024 and holds a Bachelor of Business Administration Degree in Accounting from the University of Houston and a Juris Doctorate Degree from Southern Methodist University.

Karl Erik Kjelstad is Chief Executive Officer of Akastor ASA and has been part of the Aker group since 1998, and has held numerous key positions, including various CEO positions. Karl Erik has held several board positions in different industries, including oil service, offshore drilling, offshore and merchant shipping, shipbuilding, IT services, real estate and construction industry. Karl Erik holds an MSc in Marine Engineering from the Norwegian University of Science and Technology (NTNU) and an AMP from Harvard Business School. 

Jud Bailey serves as the Vice President of Business Development & Market Analysis at Baker Hughes. In this role, he plays a crucial part in supporting the company’s growth strategy and transformation goals by leading strategic M&A efforts. Prior to joining Baker Hughes, Jud gained extensive experience as a sell-side research analyst, covering the Oilfield Services & Equipment industry for nearly 20 years at various firms. His expertise and contributions have been recognized by numerous industry organizations, and over the last two years, he has been ranked #1 in the Institutional Investor survey for Investor Relations in the Oilfield Services & Equipment sector. Jud is a graduate of Texas A&M and is a CFA charter holder.

Georgia Magno is the Chief Legal Officer (CLO) of Baker Hughes. She is responsible for the Company’s legal and regulatory affairs, corporate governance and compliance function and for driving regulatory compliance, risk management and strategic direction of corporate governance across Baker Hughes as well as liaising with the Board of Directors. Magno has two decades of global experience, including over a decade of international legal leadership in Baker Hughes across commercial, operational and product line organizations. She joined the Company in 2010 as general counsel for global supply chain and most recently served as general counsel of the Industrial & Energy Technology business segment, managing international and complex affairs. Prior to Baker Hughes, she was an international litigator with the law firms of Cleary Gottlieb and Weil, Gotshal & Manges LLP. Magno is a Trustee of the Baker Hughes Foundation. She has been a visiting researcher at the Wharton School at the University of Pennsylvania. Magno is a member of the New York Bar and holds a Master of Laws degree from Harvard Law School and a Juris Doctor from the University of Bologna.

Svein Oskar Stoknes has been the Chief Financial Officer (CFO) of Aker ASA since 2019. Prior to this, he served as CFO of Aker Solutions ASA, where he joined in 2007 and was named CFO in 2014. Stoknes has also held a range of senior positions within finance and advisory for organizations like Tandberg, Citigroup, Norwegian Trade Council and ABB. He graduated from the Norwegian School of Management with a master’s degree in business and economics, and has an MBA from Columbia Business School in New York. Stoknes is a director of Akastor ASA, HMH B.V., Aker Property Group AS, Aker Capital AS and several other companies where Aker is the largest shareholder.

Lance Loeffler joined International Paper on April 1, 2025, as the Senior Vice President and Chief Financial Officer. In this role, Lance has leadership responsibility for the company’s global financial strategy and functions.

Before joining IP, Lance worked for Halliburton for more than a decade. He held roles of increasing responsibility and scope in the finance function, including leadership roles in corporate development and investor relations. He served as the company’s Executive Vice President and Chief Financial Officer, and most recently, he held the role of Senior Vice President of the company’s Middle East North Africa business.

Prior to his time at Halliburton, Lance held director positions at Deutsche Bank Securities, Inc., and UBS Investment Bank, where he focused on oil and gas clients.

Lance holds an MBA with concentrations in finance and accounting and a bachelor’s degree in finance from Red McCombs School of Business at The University of Texas at Austin.

Ms. McAllister has over 30 years of experience in diverse leadership roles with global, capital-intensive companies in the energy value chain. She has served as an independent director and member of the audit committee of Black Hills Corporation (NYSE: BKH), an electric and gas utility company, since November 2019 and as an independent director of Höegh LNG Partners LP (formerly NYSE: HMLP), an energy infrastructure provider, since 2017, and on the board of ERCOT, the independent electric grid operator for ~90% of Texas. Ms. McAllister previously served on the board of directors of SilverBow Resources, Inc. (formerly NYSE: SBOW) from January 2023 until its acquisition by Crescent Energy Company in July 2024, the board of directors and audit committee chair of TMC the metals company Inc. (Nasdaq: TMC) from February 2022 to May 2024 and the board of directors and audit and risk committee chair of Maersk Drilling (OMXC: DRLCO), from January 2019 to April 2021. From 2014 to 2016, she served as Director, President, and Chief Executive Officer of Transocean Partners LLC (formerly NYSE: RIGP) and as Chief Financial Officer in 2016. She held the roles of Vice President and Treasurer of Transocean Ltd. (NYSE and SIX: RIG) from 2011 to 2014. Prior to 2011, she served in roles with increasing responsibility in finance, information technology, tax, and treasury. Ms. McAllister began her career at Deloitte & Touche LLP in 1989. She holds a Bachelor of Science degree in Accounting from the University of Houston—Clear Lake, is a National Association of Corporate Directors (NACD) Board Leadership Fellow, a NACD Directorship 100 Honoree, holds the CERT Certificate in Cybersecurity Oversight, and is a Certified Public Accountant.