Frank Ove Reite
Chairman at AKASTOR ASA
Net worth: 4 M $ as of 2024-04-29
Profile
Frank Ove Reite is currently the Chief Executive Officer at SalMar Aker Ocean AS.
He is also the Chairman at Akastor ASA, Deputy Chairman at Aker ASA, Chairman at Converto AS, Chairman at Converto Capital Management AS, Chairman at Solstad Maritime Holding AS, Director at AMSC ASA, Director at Solstad Offshore ASA, and Independent Director at Aker BioMarine AS.
In his former positions, Mr. Reite served as Chairman at BNBank ASA (OLD), Bjørge ASA, Lerøy Havfisk AS, Aker Capital AS, Union Eiendomskapital AS, Align AS, and Stream AS.
He was also the Chairman at Ocean Yield AS from 2016 to 2021.
Additionally, he held positions as Director at Solstad Offshore ASA, Managing Director at Kredittbanken ASA, Director at Icicle Seafoods, Inc., and Director at Aker Floating Production ASA. He served as a Director at BN Bank ASA and held the role of Operating Director at Paine Schwartz Partners LLC from 2008 to 2009.
Prior to that, he was an Executive Vice President at Glitnir Banki hf.
Mr. Reite obtained his undergraduate degree from BI Norwegian Business School.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
AKER ASA CLASS A
0.10% | 2022-12-30 | 74,182 ( 0.10% ) | 4 M $ | 2024-04-29 |
AKASTOR ASA
0.07% | 2023-03-21 | 200,000 ( 0.07% ) | 248 868 $ | 2024-04-29 |
Frank Ove Reite active positions
| Companies | Position | Start |
|---|---|---|
| AMSC ASA | Director/Board Member | 2011-06-29 |
| AKASTOR ASA | Chairman | 2021-12-31 |
| AKER ASA | Director/Board Member | 2019-07-31 |
| SOLSTAD OFFSHORE ASA | Director/Board Member | 2016-07-12 |
| AKER BIOMARINE | Director/Board Member | 2022-12-31 |
SalMar Aker Ocean AS
 SalMar Aker Ocean AS Agricultural Commodities/MillingProcess Industries Part of SalMar ASA, SalMar Aker Ocean AS is a Norwegian company that engages in the farming of salmon fishes. The private company is based in Oslo, Norway. The CEO of the company is Frank Ove Reite. | Chief Executive Officer | - |
Converto AS
 Converto AS Investment ManagersFinance Converto AS provides financial counseling, transactions, recruitment, and capital management services. The company is based in Ålesund, Norway. | Chairman | - |
Converto Capital Management AS
 Converto Capital Management AS Investment ManagersFinance Converto Capital Management AS provides investment and portfolio management services. The private company is based in Oslo, Norway. | Chairman | 2019-07-31 |
Former positions of Frank Ove Reite
| Companies | Position | End |
|---|---|---|
| OCEAN YIELD ASA | Chairman | 2021-12-06 |
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Training of Frank Ove Reite
| BI Norwegian Business School | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 5 |
|---|---|
| AMSC ASA | Transportation |
| AKASTOR ASA | Industrial Services |
| AKER ASA | Finance |
| SOLSTAD OFFSHORE ASA | Transportation |
| AKER BIOMARINE | Process Industries |
| Private companies | 18 |
|---|---|
BN Bank ASA
 BN Bank ASA Major BanksFinance BN Bank ASA offers a range of retail and corporate banking services. The bank also provides corporate and investment banking, capital markets, investment management and retail banking. It offers loans to the real estate, seafood, ship building, offshore service vessels, and traditional shipping sectors. The company was founded in 1904 and is headquartered in Trondheim, Norway. | Finance |
Glitnir Banki hf
 Glitnir Banki hf Major BanksFinance The Group's principal activity is to provide financial services to both private customers and businesses. The Group's home markets are Iceland and Norway where it offers a broad range of financial services, including corporate banking, investment banking, capital markets, investment management and retail banking. Outside of the home markets the Group has operations in Finland, Sweden, UK, Luxembourg, US, Canada, China and Russia. The bank will furthermore open an office in India in the second half of 2008. The Group's international expansion is mainly driven by two specialized industry sectors, seafood and sustainable energy, in which the bank has developed significant industry expertise built on its Icelandic and Norwegian heritage. The Group's shares are listed on NASDAQ OMX in Iceland under the symbol GLB. | Finance |
Bjørge ASA
 Bjørge ASA Industrial MachineryProducer Manufacturing Bjørge ASA is a technology supplier with for the oil and gas market. Bjørge offers turnkey solutions for pumps, valves, fiscal metering, instrumentation, automation, monitoring, fire and gas detection and extinguishing system, and advanced surface treatment. The company was founded in 1977 and is headquartered in Tananger, Norway | Producer Manufacturing |
Lerøy Havfisk AS
 Lerøy Havfisk AS Agricultural Commodities/MillingProcess Industries Lerøy Havfisk AS is a fishing company, which engages in the trade, production, and marketing of fish and fish products. Its products include cod, haddock, saithe, greenland halibut, redfish, prawns, and marine residual raw materials. The company was founded in 1994 and is headquartered in Alesund, Norway. | Process Industries |
Converto Capital Management AS
Converto Capital Management AS Investment ManagersFinance Converto Capital Management AS provides investment and portfolio management services. The private company is based in Oslo, Norway. | Finance |
Aker Floating Production ASA
 Aker Floating Production ASA Wholesale DistributorsDistribution Services Aker Floating Production ASA is an oil service company focused on the market for leased floating, production, storage, and offloading units. The firm business is to own, charter out, and operate FPSOs equipped for offshore oil and gas production The company was founded on March 14, 2006 and is headquartered in Oslo, Norway. | Distribution Services |
Paine Schwartz Partners LLC
 Paine Schwartz Partners LLC Investment ManagersFinance Paine Schwartz Partners LLC (Paine Schwartz Partners) is a private equity firm founded in 2006 by Dexter Paine, Kevin Michael Schwartz and Mitchell S. Presser. The firm is headquartered in San Mateo, California. | Finance |
Align AS
 Align AS Oil & Gas ProductionEnergy Minerals Align AS supplies technical safety and total fire fighting solutions for oil and gas industry. Its market brand provides expertise in safety automation, pump systems, and fire fighting technology. The company was founded on Septmeber 17, 2010 and is headquartered in Lysaker, Norway. | Energy Minerals |
Stream AS
 Stream AS Wholesale DistributorsDistribution Services Stream AS provides technological based services and solutions. It supplies valves, pipes, electro, and instrumentation products for the oil and gas industries. The company was founded in 2010 and is headquartered in Stavanger, Norway. | Distribution Services |
| Kredittbanken ASA | Finance |
| BNBank ASA (OLD) | Finance |
Union Eiendomskapital AS
 Union Eiendomskapital AS Real Estate DevelopmentFinance Union Eiendomskapital AS operates as investment management company. It manages office buildings, commercial space, shopping centres, and warehouses. The company was founded by Bjørn Henningsen in 2004 and is headquartered in Oslo, Norway. | Finance |
Icicle Seafoods, Inc.
 Icicle Seafoods, Inc. Food DistributorsDistribution Services Icicle Seafoods, Inc. processes and sells seafood products. Its products include wild alaska salmon, crabs, pollock, halibut, pacific cod, black cod and sablefish, fish roe, and farm raised Atlantic salmon. The company was founded in 1965 and is headquartered in Seattle, WA. | Distribution Services |
Ocean Yield AS
 Ocean Yield AS Finance/Rental/LeasingFinance Ocean Yield ASA engages in the investment, acquisition, sale, and leasing of marine installations. It operates through the following segments: Floating Production Storage and Offloading (FPSO), Other Oil Service, Car Carriers, Container Vessels, Tankers, Other Shipping, and Other. The FPSO segment invests in floating production, storage, and offloading vessels. The Other Oil Service segment consists of subsea construction vessels, cable lay vessels, and anchor handling tug supply vessels (AHTS). The Car Carriers segment offers pure car truck carriers (PCTC). The Container Vessels segment includes the equity investment in mega container vessels. The Tankers segment deals with investments in chemical, product, and crude tankers. The Other Shipping segment includes investments within chemical and product tankers. The Other segment refers to any other investments made by the group. The company was founded in March 2012 and is headquartered in Lysaker, Norway. | Finance |
Solstad Offshore ASA /Old/
 Solstad Offshore ASA /Old/ Marine ShippingTransportation Solstad Offshore ASA engages in providing services to petroleum-related offshore activities. It offers traditional supply and anchor-handling services as well as projects for development of offshore wind farms. It operates through the following segments: Anchor-Handling Vessels, Platform Supply Vessels, and Construction Service Vessels. The Anchor-Handling Vessels segment delivers services related to rig moves and anchoring of rigs and other devices at sea. The Platform Supply Vessels segment refers to services relating to transportation of material to offshore installations. The Construction Service Vessels segment include the development of both sub sea and floating installations. The company was founded by Johannes Solstad in 1964 and is headquartered in Karmøy, Norway. | Transportation |
Aker Capital AS
 Aker Capital AS Investment ManagersFinance Aker Capital AS provides investment and financial services. The company was founded on March 23, 2004 and is headquartered in Lysaker, Norway. | Finance |
Converto AS
Converto AS Investment ManagersFinance Converto AS provides financial counseling, transactions, recruitment, and capital management services. The company is based in Ålesund, Norway. | Finance |
SalMar Aker Ocean AS
SalMar Aker Ocean AS Agricultural Commodities/MillingProcess Industries Part of SalMar ASA, SalMar Aker Ocean AS is a Norwegian company that engages in the farming of salmon fishes. The private company is based in Oslo, Norway. The CEO of the company is Frank Ove Reite. | Process Industries |
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