KNOT Offshore Partners Announces 2025 Annual Meeting and Nomination of Pernille Østensjø as Independent Director
KNOT Offshore Partners LP (NYSE: KNOP) (“KNOP” or the “Partnership”) has officially announced that its 2025 Annual Meeting of Unitholders will take place on December 15, 2025, marking another significant milestone in the company’s ongoing commitment to transparency, strong governance, and shareholder engagement. The record date for unitholders eligible to vote at the meeting has been set for November 6, 2025. KNOP confirmed that the formal notice, agenda, and supporting materials will be distributed to unitholders ahead of the meeting in accordance with applicable regulatory and corporate governance requirements.
The Annual Meeting will be held at 2 Queen’s Cross, Aberdeen AB15 4YB, United Kingdom, commencing at 4:00 p.m. UK time. This in-person meeting will provide an opportunity for unitholders to receive updates on the Partnership’s operations, review its financial and strategic progress, and participate in key governance decisions, including the election of board members.
Nomination of Pernille Østensjø as Independent Director
In conjunction with its meeting announcement, the Board of Directors of KNOT Offshore Partners LP (the “Board”) revealed that it has nominated Ms. Pernille Østensjø to serve as an Independent Director, subject to approval by unitholders during the Annual Meeting. Her nomination underscores KNOP’s commitment to strengthening its board with individuals who bring diverse expertise, global perspective, and a proven record of leadership in both the maritime and energy sectors.
Ms. Østensjø’s distinguished career spans several decades across corporate finance, energy investments, and sustainability. She currently serves as a Senior Advisor at the Norwegian Agency for Development Cooperation (NORAD), where she plays a key role in guiding investments that promote the responsible development of energy resources and support broader sustainability initiatives. Her work at NORAD has involved fostering partnerships that balance economic growth with environmental stewardship — an increasingly vital skill set in the evolving offshore energy landscape.
Prior to her current role, Ms. Østensjø served as Managing Director at OMP Capital AS, a former portfolio company of HitecVision, one of Europe’s leading private equity investors focused on energy infrastructure and offshore services. At OMP Capital, she was instrumental in evaluating potential investment opportunities, managing portfolio companies, and overseeing financial performance across a range of energy-related enterprises.
Earlier in her career, Ms. Østensjø also held senior positions at Export Finance Norway (Eksfin) and The Norwegian Export Credit Guarantee Agency, where she specialized in structuring financing solutions for renewable energy projects and export-oriented ventures. Her financial acumen and extensive experience in risk management and credit evaluation have made her a respected figure within Norway’s investment and energy sectors.
Before entering the development finance arena, Ms. Østensjø was First Vice President at Danske Bank, where she managed relationships with large corporate clients and advised them on complex financial structures. She also served as Chief Financial Officer for Tschudi & Eitzen Shipping Company, a respected maritime enterprise, where she oversaw the company’s financial operations and strategic planning. In addition, she has been a board member of Tschudi Offshore and Towing and held leadership roles within the UMOE Group, working both in Norway and internationally.
Her career began at KPMG, where she worked as an auditor, developing a strong foundation in financial reporting, compliance, and corporate governance — skills that have continued to define her professional path.
Board Chairman Praises Østensjø’s Appointment
Commenting on the nomination, Trygve Seglem, Chairman of KNOP’s Board of Directors, expressed strong confidence in Ms. Østensjø’s capabilities and the value she would bring to the organization.
“We are nominating Pernille to serve as an Independent Director because of her wealth of experience in financial management, equity and credit investment across the energy sector, and her extensive board-level oversight in both the maritime and energy industries,” said Seglem. “We believe that, if elected, Pernille will provide a strong, independent voice to our well-rounded, majority-independent Board. Her insight into the dynamics of global energy transition and her strategic understanding of sustainable investments make her a natural fit for KNOP’s long-term goals.”
Seglem further emphasized the Board’s commitment to maintaining a diverse and experienced leadership team capable of guiding the Partnership through a rapidly evolving offshore and energy environment. The nomination of Østensjø aligns with KNOP’s ongoing strategy to strengthen corporate governance while ensuring independent oversight and accountability to unitholders.
Honoring a Legacy of Leadership
In the same announcement, Seglem took the opportunity to recognize Hans Petter Aas, who has decided to retire from the Board upon the expiration of his current term of office. Aas, a long-standing and respected member of KNOP’s leadership, has played a vital role in shaping the company’s trajectory since its inception.
“On behalf of the entire Board, I would like to extend my appreciation to Hans Petter Aas, who has announced his intention to retire from the Board upon the expiry of his current term,” Seglem stated. “Hans Petter’s contribution and impact on KNOP cannot be overstated — he has been a key voice in guiding the Partnership throughout its history. His dedication, insight, and leadership have helped position KNOP as a trusted name in the offshore shipping industry.”
Strengthening Governance for the Future
KNOT Offshore Partners LP, a leading owner and operator of shuttle tankers engaged in the offshore oil production and transportation market, continues to prioritize strong governance practices and experienced leadership as key pillars of its business model. The company’s decision to nominate Ms. Østensjø reflects a broader focus on sustainability, responsible investment, and the growing intersection of traditional offshore operations with emerging energy technologies.
As KNOP prepares for its 2025 Annual Meeting, the company’s leadership is expected to discuss operational performance, fleet management updates, and strategic initiatives aimed at supporting long-term value creation. The addition of a seasoned financial and energy expert like Pernille Østensjø will help strengthen KNOP’s ability to navigate evolving industry challenges and capitalize on emerging opportunities in offshore logistics, renewable integration, and energy transition services.
Through this nomination and the upcoming election, KNOP reinforces its commitment to a majority-independent, high-caliber Board that reflects both the company’s heritage in maritime operations and its forward-looking approach to sustainable energy. The 2025 Annual Meeting will thus not only serve as a venue for governance decisions but also as a reflection of KNOP’s dedication to responsible growth and corporate excellence.
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