#Bermuda #Hamilton #Paratus Energy #Dag Skindlo #Lars Pedersen

Paratus Energy Board Announcements

Paratus Energy Services Ltd., a notable player in the energy sector, has made significant updates regarding its Board of Directors. On September 23, 2026, the company confirmed that Mr. Dag Skindlo has decided to resign from his position on the board to focus on his executive role and fulfill other commitments. His leadership and contributions have been invaluable, and the board has expressed its gratitude for his service, wishing him all the best for his future endeavors.

In a corresponding move, Paratus Energy is pleased to announce the appointment of Mr. Lars Pedersen to the board. Pedersen, who is recognized for his extensive experience in the maritime industry, brings over 35 years of leadership expertise in shipping and offshore support services. His recent role as Chief Technical Officer at Frontline Management AS involved overseeing global fleet operations, spearheading digital transformations, and managing ESG initiatives, confirming Pedersen’s capabilities to foster growth and sustainability within the company.

Previously, Lars Pedersen had significant positions in renowned firms such as BW Group, A.P. Moller–Maersk, and Höegh, where he developed a wealth of knowledge in corporate governance, mergers, and acquisitions as well as in major shipbuilding projects both in China and South Korea. He has also held board positions with various companies, including Arundo Analytics and Northern Ocean, evidencing his consultancy skills in the industry.

The decision to bring on Pedersen is expected to enhance the corporate governance of Paratus, especially in navigating the shipping landscape characterized by increasing digital demands and environmental responsibilities. His appointment comes at a strategic time as the company is deeply involved in significant operations regarding subsea services, particularly through its 50% joint venture interest in Seagems.

Seagems is recognized as a leading subsea service provider, operating a fleet of six multi-purpose pipe-laying support vessels currently engaged in contracts in Brazil. This partnership aligns with Paratus's commitment to robust growth and exemplary service in the energy sector.

As the company moves forward, it anticipates leveraging Lars Pedersen's expertise to strengthen its operational efficiencies and broaden its market reach. The leadership changes signify a fresh chapter for Paratus Energy Services, positioning itself strategically in a competitive landscape.

Conclusion
The recent adjustments in board leadership at Paratus Energy not only reflect a change in personnel but also a shift towards strategic growth. The board's bid farewell to Mr. Dag Skindlo while welcoming Mr. Lars Pedersen signals the company's commitment to enhancing its operational excellence and governance. With Pedersen at the helm, the company is poised for innovations that respond to the dynamic energy sector.

For more information, the company invites inquiries through their CFO and interim CEO, Baton Haxhimehmedi, available via email or telephone.

About Paratus Energy Services Ltd.
Paratus Energy Services Ltd. (PLSV) stands as an investment holding company with substantial investments dedicated to enhancing capabilities in the subsea domain of the energy sector. Their operational ethos centers on agility and responsiveness to industry trends while maintaining unwavering commitments to delivering top-tier support services.