Board of directors

Our Board comprises 8 Directors whose complementary expertise and shared commitment to responsible investment and management practices is harnessed in the overall interests of our diverse shareholders and other stakeholders.

Executive directors

  • David M. Turnbull
    Chairman
  • Mats H. Berglund
    Chief Executive Officer
  • David M. Turnbull

    Chairman


    Mr. Turnbull joined the Pacific Basin Board as an INED in 2006 and was appointed Chairman and an Executive Director in 2008. He previously spent 30 years with the Swire Group where he held various senior management positions. He was chairman of Swire's Hong Kong-listed companies Swire Pacific, Cathay Pacific Airways and Hong Kong Aircraft Engineering Company and was a non-executive director of London AIM-listed Greka Drilling Limited between February 2011 to October 2017.

    Education & qualifications:

    Cambridge University: Master of Arts degree in Economics

    Terms of office:

    Appointed INED in May 2006
    Appointed Chairman in January 2008 and Executive Director in July 2008
    Current term expires at the 2020 AGM

    External appointments:

    Non-executive director of London-listed G3 Exploration Limited
    INED of Hong Kong-listed The Wharf (Holdings) Limited

    Committee membership:

    Executive Committee

    Responsibilities:

    The Chairman oversees the executive team and meets regularly with the CEO to discuss the operations of the Group. He has in the past provided continuity of management during periods of change, hence safeguarding long-term management leadership. The Chairman is responsible for reviewing proposed plans for the Group prior to presentation to the Board. His review focuses on the long term strategic matters such as capital structure and fleet growth as well as the more immediate operational matters related to debt levels, cash flow, cash balances, risk assessment, other required capital expenditure as well as shareholder considerations.

    Mats H. Berglund

    Chief Executive Officer


    Mr. Berglund joined Pacific Basin as Chief Executive Officer in 2012. He previously served with Swedish family owned conglomerate Stena from 1986 to 2005, occupying managerial and leadership positions in various Stena group shipping businesses in Sweden and the USA including group controller of Stena Line, vice president and chief financial officer of both Concordia Maritime and StenTex (a Stena-Texaco joint venture), president of StenTex, and vice president and president of Stena Rederi AB (Stena's parent company for all shipping activities).

    From 2005 to 2011, he was senior vice president and head of Crude Transportation for New York-listed Overseas Shipholding Group. Between March 2011 and May 2012, he served as chief financial officer and chief operating officer at Chemoil Energy, a Singapore-listed global trader of marine fuel products.

    Education & qualifications:

    Gothenburg University Business School: a “Civilekonom” degree (equivalent to MBA in Business and Finance)
    Advanced Management Program at Harvard Business School in 2000

    Terms of office:

    Appointed Executive Director in June 2012
    Current term expires at the 2021 AGM

    External appointments:

    None

    Committee membership:

    Chairman of Executive Committee

    Responsibilities:

    The CEO carries out day to day management and execution of the Group’s activities and strategic initiatives. He formulates and proposes Group strategy and policy to the Board. He also ensures appropriate information is provided regularly so that Board members can actively contribute to the Group’s development.

    Non-executive directors

  • Patrick B. Paul
    Independent Non-executive Director
  • Robert C. Nicholson
    Independent Non-executive Director
  • Alasdair G. Morrison
    Independent Non-executive Director
  • Patrick B. Paul

    Independent Non-executive Director


    Mr. Paul served with PricewaterhouseCoopers for 33 years, during which time he held a number of senior management positions in Hong Kong, including chairman and senior partner of the firm for seven years.

    Education & qualifications:

    Oxford University: Master of Arts degree
    Fellow of the Institute of Chartered Accountants in England and Wales

    Terms of office:

    Appointed INED in March 2004
    Current term expires at the 2021 AGM

    External appointments:

    INED of Hong Kong-listed Johnson Electric Holdings and The Hongkong and Shanghai Hotels

    Committee membership:

    Chairman of Audit Committee
    Remuneration and Nomination Committees

    Responsibilities:

    Mr. Paul reviews the Group's overall accounting and financial reporting matters.

    Robert C. Nicholson

    Independent Non-executive Director


    Mr. Nicholson was a senior partner of Reed Smith Richards Butler where he established the corporate and commercial department. He then served as a senior advisor to the board of directors of PCCW Limited. He joined First Pacific Company Limited's board in June 2003 and was appointed as an executive director in November 2003. He was an independent non-executive director of Hong Kong-listed Lifestyle Properties Development Limited between August 2013 to May 2017.

    Education & qualifications:

    University of Kent
    Qualified as a solicitor in England and Wales and in Hong Kong

    Terms of office:

    Appointed INED in March 2004
    Current term expires at the 2019 AGM

    External appointments:

    Executive director of Hong Kong-listed First Pacific Company Limited and holds directorships in its subsidiaries, associates or affiliates including Metro Pacific Investments Corporation, Philex Mining Corporation and PXP Energy Corporation (all Philippines-listed)
    Commissioner of Indonesia-listed PT Indofood Sukses Makmur Tbk

    Committee membership:

    Chairman of Remuneration and Nomination Committees
    Audit Committee

    Responsibilities:

    Mr. Nicholson provides expertise on the Group's legal and listed company issues.

    Alasdair G. Morrison

    Independent Non-executive Director


    Mr. Morrison served with the Jardine Matheson Group for 28 years holding various senior positions including that of group managing director. He then moved to Morgan Stanley where he was a managing director and then chairman of Morgan Stanley Dean Witter Asia, and chairman and chief executive officer of Morgan Stanley Asia. He spent five years as senior advisor to Citigroup Asia Pacific until January 2015.

    Education & qualifications:

    Cambridge University: Master of Arts degree
    Program for Management Development at Harvard Business School

    Terms of office:

    Appointed INED in January 2008
    Current term expires at the 2021 AGM

    External appointments:

    INED of Hong Kong-listed MTR Corporation
    Senior advisor of Bain Capital Asia

    Committee membership:

    Audit, Remuneration and Nomination Committees

    Responsibilities:

    Mr. Morrison contributes his Asia-region commercial experience in assessing the commercial benefits of the Group's development and strategic plans.

  • Daniel R. Bradshaw
    Independent Non-executive Director
  • Irene Waage Basili
    Independent Non-executive Director
  • Stanley Hutter Ryan
    Independent Non-executive Director
  • Daniel R. Bradshaw

    Independent Non-executive Director


    Mr. Bradshaw is a senior consultant at Mayer Brown JSM (formerly known as Johnson, Stokes & Master) where he served as a solicitor, partner and head of the shipping practice since 1978. He was vice chairman of the Hong Kong Shipowners Association, a member of the Hong Kong Port and Maritime Board and the Hong Kong Maritime Industry Council.

    Education & qualifications:

    Victoria University of Wellington (New Zealand): Bachelor of Laws and a Master of Laws
    Admitted as a solicitor in England and Hong Kong

    Terms of office:

    Appointed Non-executive Director and Deputy Chairman in April 2006
    Stood down as Deputy Chairman in January 2008 and was redesignated as INED in September 2010
    Current term expires at the 2019 AGM

    External appointments:

    Non-executive director of Euronav (listed on Euronext in Brussels and NYSE)
    INED of Hong Kong-listed IRC and NYSE-listed Gaslog Partners LP
    Director of Kadoorie Farm & Botanic Garden Corporation, and WWF Hong Kong 

    Committee membership:

    Audit, Remuneration and Nomination Committees

    Responsibilities:

    Mr. Bradshaw is an experienced international shipping lawyer, who provides the Group with expertise on ship ownership structures, commercial operation and tax.

    Irene Waage Basili

    Independent Non-executive Director


    Mrs. Basili held various managerial positions in the shipping industry, including Western Bulk Carriers Holding ASA. From 1999 to 2007 she held positions in Wallenius Wilhelmsen Logistics, first as a manager of contracting and strategy and later as commercial director in 2004. From 2007 to 2011, Mrs. Basili served as vice president, marine business unit of Petroleum Geo Services with responsibility for fleet and marine strategy following its acquisition of Arrow Seismic ASA where she was the chief executive officer. She also served as a director of Odfjell SE from 2008 to 2014 and acted as the chief executive officer of GC Rieber Shipping from March 2011 to April 2017 (both listed on the Oslo Stock Exchange).

    Education & qualifications:

    Boston University: Bachelor of Business Administration degree

    Terms of office:

    Appointed INED in May 2014
    Current term expires at the 2020 AGM

    External appointments:

    Director and deputy chairman of Kongsberg Gruppen ASA and a director of Wilh. Wilhelmsen Holdings ASA (both listed on the Oslo Stock Exchange)
    Chief executive officer of Shearwater Geoservices

    Committee membership:

    Audit, Remuneration and Nomination Committees

    Responsibilities:

    Mrs. Basili contributes her extensive commercial, strategic and operational experience in the dry bulk and other shipping sectors that will benefit the Group’s business and development.

    Stanley Hutter Ryan

    Independent Non-executive Director


    Mr. Ryan served with Cargill, Inc. for 25 years in executive and general management roles worldwide including as general manager of Cargill’s oilseed operations, and Venezuela and Brazil refined oils businesses. He was president of Cargill’s North American dressings, sauces and oils business, and managing director of Cargill’s refined oils business in Europe and food ingredients business in Australasia. He was a global co-leader of Cargill’s agricultural supply chain businesses and member of its global corporate center. Mr. Ryan served as an independent director at Eagle Bulk Shipping Inc. from October 2014 to June 2016 and as Eagle Bulk’s interim chief executive officer from March to September 2015.

    Education & qualifications:

    University of Notre Dame: Bachelor’s degree in Economics and Computer Applications
    University of Chicago: MBA & Master of Arts degree in International Relations

    Terms of office:

    Appointed INED in July 2016
    Current term expires in July 2019

    External appointments:

    Chief executive officer and president of Seattle-based Darigold, Inc.
    Senior advisor of Mckinsey & Company

    Committee membership:

    Audit, Remuneration and Nomination Committees

    Responsibilities:

    Mr. Ryan contributes extensive commercial, strategic and operational experience in the commodities business that will benefit the Group’s business and development.