A pair of executives from Shell have been appointed as advisors to a private equity business with a portfolio of North Sea firms.
Bettina Bachmann and Carl Stjernfeldt join the Norwegian headquartered EV Private Equity (EVPE), bringing decades of experience with the oil major.
Ms Bachmann spent 35 years at Shell, latterly as vice president of subsurface and wells software, while Mr Stjernfeldt leads the Corporate Development Group in Americas for Shell New Energies.
Both will sit on EVPE’s advisory board along with representatives from other companies including AkerBP, Petrobras and Apache.
Managing partner Helge Tveit said: “Bringing Carl and Bettina into our Advisory Board expands the knowledge and expertise that our portfolio companies are able to draw upon to support growth.
“I’m confident that their experience and networks will prove to be significant assets to EV and we’re particularly excited about Carl’s experience in clean energy, alongside Bettina’s background in digital and software, which strengthen two areas of high priority across the EVPE portfolio.”
Bettina Bachmann held a number of business, technical and leadership roles in exploration and development while working in the Middle East, Africa and Europe.
Meanwhile, Mr Stjernfeldt has served on boards of firms including including Agito Networks (acquired by ShoreTel), Arbor Networks (acquired by Tektronix), BNI Video (acquired by Cisco), Broadbus Technologies (acquired by Motorola) and Cedar Point Communications (acquired by Genband).
He has been recognised twice as Global Corporate Venturing’s Top 100 Star.
With Aberdeen being one of its main hubs, EV Private Equity has built up stakes in a host of UK firms, including Motive Offshore, Deepcasing Tools, Westwood Global Energy Group, Enpro Subsea, FourPhase, Fotech,MorphPackers, Romar, GeoTeric, Aquaterra and Zilift.