Corral Petroleum Holdings AB (publ) Business Update ... - Preem

Michael G:son Löw has been Managing Director, Chief Executive Officer, and a director of Preem sinceJanuary 2003. Mr. Löw also is a director of SPI Services AB, Industri- och Kemigruppen AB, Västra Hamnen Energy AB,Huda Trading AB, the Swedish-Russian Chamber of Commerce, Boliden AB, Norstel AB, Svenskt Näringsliv (theConfederation of Swedish Enterprise) and Industriarbetsgivarna (a service company for the Swedish Industrial and ChemicalEmployers Association). Mr. Löw is vice chairman in Industri/ kemigruppen (the Swedish Industrial and ChemicalEmployers Assocation). Before joining Preem, Mr. Löw worked for almost 27 years for the American oil companyConoco Inc., later renamed ConocoPhillips, where he held a number of top management positions. He has been based inEurope, Asia and the United States, covering, for example, marketing, supply and trading, refining and finance. He was amember of Conoco’s European and Asian leadership teams, a director of several local affiliates and Chairman of Conoco’sNordic operations.Jason Milazzo has been Vice Chairman of the Board of Corral Petroleum Holdings since November 2009.Mr. Milazzo has also been the First Vice Chairman of the Board of Preem since August 2009. Mr. Milazzo was previouslywith Morgan Stanley & Co. for 13 years and held various senior management positions in its Investment Banking Division,including co-head of Global Natural Resources Group and Global Head of Corporate Finance Group. Mr. Milazzo is alsoVice Chairman of the Board of Svenska Petroleum Exploration AB, Chairman of the Board of Corral Morocco Gas & Oiland the Vice Chairman of SAMIR.Sven-Erik Zachrisson has been a director of Preem since 1992. From March 2005 until August 2009,Mr. Zachrisson served as First Vice-Chairman of the Board of Preem, and between 1996 and March 2005 he was Chairmanof the Board of Preem. Prior to that, between 1992 until 1996, Mr. Zachrisson was President and Chief Executive Officer ofPreem and between 1987 and 1992 he was Manager of Group Development at Preem. Currently, Mr. Zachrisson devotesapproximately 15-20% of his time to Preem. Since 2009, he has also served as Chairman of the Board of Petrogrand AB, apublicly listed company. He was the President and Chief Executive Officer of Svenska Petroleum Exploration from 1996until 2008. Mr. Zachrisson has been active in the petroleum business since 1976.Ghazi Habib has been a director of Preem since 1994. He was President of Corral Petroleum Holdings from 1994 to1999. He is also a director of SAMIR and Svenska Petroleum Exploration. Between 1988 and 1994, Dr. Habib served asSenior Vice-President of Saudi Arabian Marketing and Refining Company (“SAMAREC”). He has also served as the deputygovernor in Petromin, a general Petroleum and Minerals organization. Dr. Habib is an associate professor of IndustrialManagement at King Fahd University of Petroleum and Minerals. Dr. Habib was the Chairman of the Board of Fortuna Co.in Lebanon and a director of Naft Services Co. in Saudi Arabia.Cristian Mattsson has served as an employee representative on the Board of Preem since 2003. Mr. Mattsson hasbeen employed as a technician at Preemraff Lysekil since 1988.Bassam Aburdene has been a director of Corral Petroleum Holdings since 2007. Mr. Aburdene has also been adirector of Preem since 2001. In addition, Mr. Aburdene has been a director of SAMIR since 1996 and of Fortuna HoldingsCompany, which is a wholly owned subsidiary of Moroncha Holdings, which, in turn, is wholly owned by Mr. Al-Amoudi,since 1995. Mr. Aburdene was also a director of Midroc Scandinavia AB until 2002. Since 1985, he has been a principalshareholder of the Capital Trust Group, which, through its subsidiaries, has provided international merchant and investmentbanking services to Former Corral Petroleum Holdings, Preem, and other companies related to Mr. Al-Amoudi. See “RelatedParty Transactions.” Mr. Aburdene is also a director of a number of publicly and privately held companies, includingSAMIR and Corral Morocco.Andreas Viefhaus has been Executive Vice President, Head of Sales and Marketing of Preem since January 2008.He joined the company in May 2005 as head of the retail division. Before joining Preem, Mr. Viefhaus held several seniormanagement positions as marketing director at Schwarzkopf & Henkel and Henkel KGaA. Mr. Viefhaus is a member of theSwedish-German Chamber of Commerce in Stockholm.Lennart Sundén has been a director of Preem since 2005. Mr. Sundén is presently the chairman of Aura LightInternational AB. He was the President and Chief Executive Officer of Sanitec Corporation from 2005 to 2006, the Presidentand Chief Executive Officer of Swedish Match AB from 1998 to 2004, and was employed in a number of positions with ABElectrolux from 1977 to 1998.Per Olsson has been Executive Vice-President, Refining since 2007. Since 1981, Mr. Olsson has held variouspositions at Preemraff Gothenburg and was Managing Director of Preemraff Gothenburg from 1992 to 2001 and ManagingDirector of Preemraff Lysekil from 2001 until 2007.Jan Henricsson has served as an employee representative on the Board of Preem since 2006. Mr. Henricsson hasbeen working in the credit department of Preem since 1988.49