Golar LNG welcomes new board member

Golar said in a statement that Schaefer brings extensive experience in the natural gas and electricity markets, having been actively involved in the sector since 1993.

Schaefer currently serves as chairman of the board of Talen Energy, as a member of the board of directors for GenOn Energy, and as a senior advisor of EverGen Power.

Prior to retiring in 2015, he was a partner with Riverstone Holdings, a private equity firm focused on energy investing.

Previously, Schaefer was a managing director with Huron Consulting Group, where he founded and headed its energy practice.

From 1998 to 2003, Schaefer was managing director and VPof Duke Energy North America, responsible for mergers and acquisitions, according to Golar.

Chairman Tor Olav Trøim welcomes Schaefer to the board.

“His deep expertise in global energy markets combined with a sharp strategic vision and well-established industry credibility will be instrumental in advancing Golar’s growth ambitions,” he said.

Earlier this year, Golar made changes to its board of directors at its annual general meeting, with five directors of the company re-elected.

The re-elected directors are Trøim, Daniel W. Rabun, Carl E. Steen, Niels G. Stolt-Nielsen, and Lori Wheeler Naess.

In addition, Golar welcomed two new directors after Georgina Sousa and Thorleif Egeli retired from Golar’s board of directors following two decades of combined service to the company.

Golar welcomed Benoît de la Fouchardiere and Mi Hong Yoon to its board.

The company is heaviliy investing in its FLNG business.