Board of Supervisory Directors
The Company has a two-tier board structure consisting of a Management Board and a Supervisory Board, each of which must
consist of at least one member under the Company's articles of association. Under Dutch law, the Supervisory Board's duties
include supervising and advising the Management Board in performing its management tasks. The Management Board, consists of
one managing director, Core Laboratories International B.V., an affiliate of the Company. The Supervisory Board currently
consists of eight Supervisory Directors. The Supervisory Directors are expected to exercise oversight of management with the
Company's interests in mind. The Supervisory Board is divided into three classes, with each class subject to re-election every third
year by the shareholders at the annual meeting.
Mr. David M. Demshur serves as the Company's Chief Executive Officer and as Chairman of the Supervisory Board. Given the size of
the Company, we believe our shareholders are well served by having Mr. Demshur hold the Chief Executive Officer role along
with being Chairman of the Supervisory Board of the Company and that this is the most effective leadership
structure for us at the present time. We also note that within our industry, the common practice is for the same person to hold
both positions. We believe this structure has served us and our shareholders well for many years.
During sessions without the Chairman, Mr. Jan Willem Sodderland conducts the meetings of directors in the role of our Lead Director. The
Lead Director has leadership authority and responsibilities and sets the agenda for, and leads, all executive sessions of the
independent directors, providing consolidated feedback, as appropriate, from those meetings to the Chairman.
In its role in the risk oversight of the Company, the Supervisory Board oversees our stockholders' interest in the long-term
health and the overall success of the Company and its financial strength. The Supervisory Board is actively involved in overseeing
risk management for the Company, and each of our Supervisory Board committees considers the risks within its areas of
responsibilities. The Supervisory Board and each of our Supervisory Board committees regularly discuss with management our
major risk exposures, their potential financial impact on us and the steps we take to manage them.
David M. Demshur
Since joining our Company in 1979, Mr. Demshur has held various operating positions, including Manager of Geological Sciences from 1983 to 1987, Vice President of Europe, Africa and the Middle East from 1989 to 1991, Senior Vice President of Petroleum Services from 1991 to 1994 and Chief Executive Officer and President from 1994 to the present time. Mr. Demshur's extensive background with the Company and the diversity of experiences gained while in these leadership roles positions him to be an effective leader of our Company. Mr. Demshur is a member of the Society of Petroleum Engineers, the American Association of Petroleum Geologists, the Petroleum Exploration Society of Great Britain and the Society of Core Analysts Section of the Society of Professional Well Loggers Association.
Richard L. Bergmark
Mr. Bergmark joined Western Atlas International, Inc. as Treasurer in 1987. From 1987 to 1994, our Company was operated as a division of Western Atlas. In 1991, Mr. Bergmark became the Area Manager for Finance and Administration for Europe, Africa and the Middle East operations of Western Geophysical, a division of Western Atlas. From our separation with Western Atlas in 1994 until 1999, he served as our Chief Financial Officer and Treasurer and in 1999 he was appointed Executive Vice President. He has substantial knowledge of the industry based upon his over 25 years with the Company and its predecessors and has extensive knowledge about the history of the Company, both of which are important for planning and management purposes. Furthermore, his understanding of the financial matters relating to the Company and our industry are of crucial importance to the Company. Mr. Bergmark, along with our Chief Executive Officer, has developed important contacts with others in the industry and has an excellent relationship with our shareholders.
Ms. Carnes retired from PricewaterhouseCoopers LLP (“PwC”) in June 2016, where she had a thirty-four year career with the firm. She was an Assurance Partner serving large, publicly traded companies in the energy industry. Ms. Carnes held a number of leadership positions with PwC including the Houston office Managing Partner. She also served as PwC’s Energy and Mining leader for the United States where she led the firm’s energy and mining assurance, tax and advisory practices. In these roles, she was responsible for leading the design and execution of the market and sector strategies, business development, compensation, professional development, succession planning, and client satisfaction. As an Assurance Partner, Ms. Carnes had vast experience with capital markets activities and was the lead audit partner on some of the largest merger and acquisition transactions completed in the energy sector. Ms. Carnes also served as one of PwC’s Risk Management Partners and was PwC’s United States representative on the firm’s Global Communities Board. She is a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants. Ms. Carnes is the Chairman of the Governing Board of The Greater Houston Community Foundation, and has chaired their Compensation, Strategy, and Finance & Administration Committees. She is also a member of the Board of Trustees at Texas Children’s Hospital where she serves on the Audit and Compliance; Operations, Planning and Development; and Risk Management and Insurance Committees. Her financial expertise and experience in working with and auditing public companies in the energy industry, and her operational experience at PwC, a professional services firm, allow her to provide important insight to the Company.
Mr. Dunlap formerly served as Chief Executive Officer and President of TransMontaigne, a terminaling and transportation company, and Chief Executive Officer of TransMontaigne Partners L.P., a publicly-traded master limited partnership, both based in Denver, Colorado until the end of 2014. Mr. Dunlap previously served as Chief Executive Officer and President of Pasadena Refining System, Inc., based in Houston, Texas from January 2005 to December 2008. From 2000 to 2004, Mr. Dunlap served as one of the founding partners of Strategic Advisors, L.L.C., a management consulting firm based in Baltimore, Maryland. Prior to that time, Mr. Dunlap served in various senior management and executive positions at various oil and gas companies including Crown Central Petroleum Corporation, Pacific Resources Inc., ARCO Petroleum Products Company and Clark Oil & Refining Corporation. Mr. Dunlap is a graduate of Rockhurst University, holds a Juris Doctor degree from Saint Louis University Law School and is a graduate of the Harvard Business School Advanced Management Program. Mr. Dunlap's extensive management experience in the oil and gas sector as well as his diverse educational background allow him to provide valuable insight on management and strategic issues.
Lucia van Geuns
In January 2015, Ms. van Geuns became a senior consultant in petroleum geosciences with The Netherlands Organization for Applied Scientific Research (“TNO”). Her research at TNO will focus on the impact of production optimization technology, international energy markets and energy transition. Prior to this, she was a Senior Fellow at the Clingendael International Energy Programme from 2003 to 2014, where she focused on the geopolitics and macro-economics of international energy markets and energy transition. In September 2013, she became the President of the Royal Geological and Mining Society of the Netherlands (KNGMG). She started her career in 1980 as a petroleum geologist at the Shell Research Laboratories for Royal Dutch Shell plc. in Rijswijk, after which she served for Brunei Shell Petroleum from 1983 to 1986. In her 22 years with Royal Dutch Shell she held many different technical and management positions, including manager of Geological Services in Rijswijk from 1989 to 1993 and leader of various exploration and production projects during the 1990s, including the large Camisea gas/liquid project in Peru and field development planning in the Niger delta. She has a strong background in geoscience, petroleum engineering and economics & planning. She is a frequent speaker on energy market issues for various public and private stakeholders. Ms. van Geuns holds an MSc in Earth Sciences from the University of Leiden and is a member of various professional associations. Ms. van Geuns' background in geology, her extensive technical experience in international petroleum projects and her knowledge of petroleum economics provide a set of skills complementary to the other members of the Supervisory Board.
Margaret Ann van Kempen
Ms. van Kempen has been the owner and managing partner of Van Kempen Public Relations & Public Affairs and Van Kempen Associates since 1997. She has extensive experience in strategic corporate communications and investor relations, with a focus on reputation and issue management. She has provided litigation PR and communications advice on a wide variety of issues in high profile cases in and outside The Netherlands. Her clients cover a range of sectors including banking, M&A, energy, telecommunications, information technology, professional services and fashion. From 1988 to 1995 she was Director European Affairs of Financial Times Television. Before that she worked in government and semi-government organizations including the Foreign Trade Agency of the Ministry of Economic Affairs. Ms. van Kempen's background in corporate communications and knowledge of strategic investor relations, including her knowledge of such matters in Europe, allow her to provide unique insight to the Company particularly in light of our dual listing on the Euronext Amsterdam Stock Exchange.
Jan Willem Sodderland
From 1974 until 2006, Mr. Sodderland was an attorney and partner with the large international law firm, NautaDutilh N.V., working in the Firm’s Rotterdam, Brussels and Amsterdam offices. During his career, Mr. Sodderland developed a successful practice assisting and advising companies in complicated takeovers, mergers and joint ventures and other corporate matters and in connection with this work, he developed considerable experience in understanding the financial aspects of his clients. Based upon his considerable experience and knowledge, he has been recruited to serve on the boards of a number of European subsidiaries of international companies. Perhaps most significantly, he serves as the chairman and member of the Audit Committee of the Board of MUFG Bank (Europe) N.V., formerly known as Bank of Tokyo-Mitsubishi UFJ (Holland) N.V., with its seat in Amsterdam. MUFG Bank (Europe) is part of Mitsubishi UFJ Financial Group, Inc., one of the world’s largest and most diversified financial groups. He also serves on the board of Pathé Theatres B.V. and Pathé Holding B.V., which is a company, active in France, the Netherlands, Switzerland and Belgium and until 2016, he was on the board of Du Pont de Nemours (Nederland) B.V. He currently serves on the Audit Committee of Core Laboratories N.V. Prior to his election to the Core Lab Supervisory Board in 2011, Mr. Sodderland served as a non-employee director of Core Laboratories International B.V. and as a non-employee director of other Dutch affiliates of the Company.
After a lengthy career in oilfield services executive management, Mr. Straughen retired as an executive in 2014. His most recent executive position was serving as an executive director of John Wood Group PLC, the UK’s leading oilfield services business, from 2007 through the end 2014, during which time he served as Chief Executive of the Engineering Division, which had revenues of $1.8 billion and 10,000 employees. His responsibilities included P&L results, HSSE, resourcing, customer relationships, strategic planning and growth. Importantly, his responsibility also included approving the annual Internal Audit Plan, implementing the actions items that were identified, and chairing the audit meetings for the division with the external auditors for the half and full years. As an Executive Director of a publicly traded company, he also had responsibilities for corporate governance.
Following his executive roles, he now uses his extensive management experience to serve on the boards of oilfield services companies. He currently serves on the boards of Glacier, an Aberdeen based offshore services company; Denholm Oilfield Services Group, a Glasgow based international oil and gas service provider; ASCO, an Aberdeen based logistics support group and Core Laboratories N.V., a Dutch oil and gas service company with operations in over fifty countries and that is listed on the NYSE and Euronext Amsterdam Exchange. Mr. Straughen currently serves as a member of the Audit and Remuneration Committees for these four companies. He previously served from 2014-2016 on the board of GMS PLC, an Abu Dhabi based marine services company, which is listed on the London Stock Exchange, where he also served on the Audit and Remuneration Committees.
In addition to the experience outlined above, from 1982 to 2007, he served in various roles, including as group managing director, with AMEC PLC, an international project management and engineering services provider. Mr. Straughen, a Chartered Engineer, has served on various industry bodies and is a mentor to small businesses. During his career he has undertaken various management and financial training courses such as The Top Management Program, the Manager of the Future program, the Business in the Environment Program and the Role of a Non-Executive Director course. His extensive management experience in the oil and gas sector, as well as his diverse background, enable him to provide valuable insight on management, finance, governance and strategic issues.