Mr Cheng Wai Keung is Chairman of the NOL Board and a Director of other Group subsidiary companies, including APL. He is also Chairman of the Executive Committee and Approval Committee, and a member of its Nominating Committee and Executive Resource and Compensation Committee. Mr Cheng is concurrently the Chairman and Managing Director of Wing Tai Holdings Limited, and Vice Chairman of Singapore-Suzhou Township Development Pte Ltd. He also holds directorships in several public and private companies, both locally and overseas, including Singbridge International Singapore Pte Ltd and China-Singapore Suzhou Industrial Park Development Co Ltd. Mr Cheng was awarded Singapore’s Distinguished Service Order (DUBC-Darjah Utama Bakti Cemerlang) in August 2007, and has received other public service medals including the Public Service Star (BBM) in 1987 and the Public Service Star (Bar) (BBM-Lintang) in 1997 awarded by the Government of Singapore in recognition of service to the nation. He has been a Justice of the Peace, appointed by the President of Singapore, since 2000.

Dr Friedbert Malt is Vice Chairman of the NOL Board and a member of the NOL Board Executive Committee and the Executive Resource and Compensation Committee. Dr Malt also serves on the Board of TUV Rheinland of North America, a global leader in independent testing and assessment services. He is a director of the Central Europe and Russia Fund, Inc., the European Equity Fund, Inc., and the New Germany Fund, Inc., all of which are listed on the New York Stock Exchange. He taught finance as a lecturer at the University of Hamburg, Germany and has held various international responsibilities, including as a member of the Executive Board of DG Bank (now DZ Bank AG) until the end of 2001. Dr Malt brings valuable insights and experience in international finance to NOL Group. He has served on many Supervisory Boards of various international financial institutions.

Mr Ronald Widdows joined the NOL Board in July 2008 upon being appointed Group President and Chief Executive Officer. He is a member of the NOL Board Executive Committee and Approval Committee. Mr Widdows was previously, from 2003, CEO of NOL’s container shipping business APL. Prior to that, he held a range of senior operational positions with APL, including executive roles in Asia, the United States and Canada. Mr Widdows has worked in the shipping industry for nearly four decades and joined APL in 1980. He is Chairman of the World Shipping Council. From December 2006 to January 2010, Mr Widdows served as Chairman of the Transpacific Stabilization Agreement and Westbound Transpacific Stabilization Agreement research and discussion groups. He is on the Board of the UK P&I Club and the Advisory Boards of the International Transport Forum and the US Merchant Marine Academy-Kingspoint.

Senior Counsel and Chartered Arbitrator Mr Christopher Lau joined the NOL Board in May 2004 as a member of the Audit Committee and was appointed to the Enterprise Risk Management Committee in 2005. He became Chairman of the Audit Committee in April 2006. Mr Lau is a former Judicial Commissioner of the Supreme Court of Singapore. He has more than 30 years’ experience in maritime and commercial law and is a member of the Governing Board of the International Maritime Law Institute of the International Maritime Organisation and the Board of Directors of the Singapore Maritime Foundation. Mr Lau also serves as an arbitrator both in Singapore and internationally, is an accredited arbitrator with the Singapore International Arbitration Centre and a member of the General Committee of Singapore Chamber of Maritime Arbitration and a number of international arbitral institutions.

Mr Timothy Harris joined the NOL Board in 2005 as a member of the Executive Resource and Compensation Committee and the Enterprise Risk Management Committee. Mr Harris was appointed Chief Executive Officer of P&O Nedlloyd Container Line Limited in 1996, following the merger of P&O Containers Limited and Nedlloyd Lines BV. He led the company until 2000. He also served on the P&O Board from 1986, managing the company’s cruise interests as both Chairman and CEO. He was also Chairman of Box Club, the International Council of Containership Operators, from 1995 to 2000. Mr Harris was created a Commander of the British Empire (CBE) in the United Kingdom’s 1996 New Year’s Honours. He is currently the Chairman of the marine services company, James Fisher and Sons plc.

Mr Peter Wagner joined the NOL Board in 2005 as a member of the Audit Committee and the Enterprise Risk Management Committee. Mr Wagner has held senior positions at logistics companies in Switzerland, Germany and the United States over the past 25 years. He was on the Management Board for Deutsche Post AG from 1999 to 2001 where he oversaw worldwide logistics activities. He was previously (1989-2001) Chief Financial Officer and Chief Executive Officer of Danzas Holding AG, Switzerland. Mr Wagner is a certified public accountant. He served from 1994-2005 as a member of the Board and Chairman of Vontobel Holding AG and Vontobel Bank AG, one of the leading private banking groups in Switzerland. Currently Mr Wagner is Vice Chairman of Wild Group Management AG, Zug, Switzerland, a member of the Board of Directors of finance group Kaiser Ritter Partner Holding Anstalt, Vaduz, Principality of Liechtenstein, and Chairman of its subsidiaries Kaiser Ritter Partner Privatbank AG, Vaduz, and Kaiser Ritter Partner (Schweiz) AG, Zollikon, Switzerland.

Mr Bobby Chin joined the NOL Board in December 2006 as a member of the Audit Committee. He became Chairman of the Nominating Committee in April 2008. He was the managing partner of KPMG Singapore from 1992 until his retirement in September 2005. Mr Chin is Chairman of Singapore Totalisator Board. He is also a director of several listed companies, including Oversea-Chinese Banking Corporation Ltd, Yeo Hiap Seng Ltd, Ho Bee Investment Ltd, AV Jennings Limited and Sembcorp Industries Ltd. In January 2010, Mr Chin was appointed by the President of Singapore as a member of the Council of Presidential Advisors. Mr Chin is a Board member of Singapore Labour Foundation and Competition Commission of Singapore. He also serves on the Board of Trustees of the Singapore Indian Development Association.

Mr Simon Israel joined the NOL Board in December 2006 as a member of the Enterprise Risk Management Committee. He was appointed a member of the NOL Board Executive Committee in February 2007. He has been an Executive Director of Temasek Holdings (Private) Limited, the Singapore-headquartered investment firm, since July 2006. Previously, Mr Israel spent 10 years as Chairman Asia Pacific of the Danone Group and as a member of that group’s Executive Committee. Prior to this, he worked across the Asia Pacific region in a 22-year career with Sara Lee Corporation. Mr Israel chairs Asia Pacific Breweries Ltd, the Asia Pacific Breweries Foundation and the Singapore Tourism Board, and is a director of Singapore Telecommunications Ltd. He also sits on the Business Advisory Board of the Lee Kong Chian School of Business at Singapore Management University.

Mr Robert J Herbold joined the NOL Board in February 2010. He is a member of the Executive Resource and Compensation Committee and the Enterprise Risk Management Committee. Mr Herbold is the Managing Director of The Herbold Group, LLC, a consulting business focused on profitability, strategic and operational issues. He previously held the position of Executive Vice President and Chief Operating Officer of Microsoft Corporation from 1994 until his retirement in 2001. Prior to joining Microsoft, Mr Herbold spent 26 years at The Procter & Gamble Company. He is a member of the Board of Trustees of The Heritage Foundation, Nanyang Technological University in Singapore and the Hutchinson Cancer Research Centre, and is an Adjunct Professor at INSEAD – Singapore Campus. Mr Herbold is also the President of The Herbold Foundation.

Mr Tan Puay Chiang joined the NOL Board on 15 April 2010 as a member of the Audit Committee and Executive Resource and Compensation Committee. He was formerly Chairman, ExxonMobil (China) Investment Co from 2001 to 2007. During his 37-year career with Mobil and later ExxonMobil, he held executive management roles in Australia, Singapore and the US. These included the executive positions of Vice-President, Mobil Research & Technology Corp, USA; and Chairman of Mobil Oil Australia. He was appointed General Manager, Corporate Planning, following the merger of Exxon and Mobil in 1999. Mr Tan has been a member of many business and industry boards including the Australian Institute of Petroleum; the Washington, D.C.-based National Policy Association; and the American Chamber of Commerce in Hong Kong.

Ms Jeanette Wong joined the NOL Board on 15 April 2010. She is a member of the Audit Committee and Enterprise Risk Management Committee. Ms Wong is currently DBS Bank’s Group Executive, responsible for overseeing Corporate and Investment Banking, Enterprise Banking and Global Transaction Services. Prior to this, she was the Chief Financial Officer of DBS Group. Before joining DBS, Ms Wong spent 16 years with JP Morgan in the Global Markets and Emerging Markets business, and held senior management positions with regional responsibilities in Foreign Exchange and Fixed Income. She is Chairperson of the Singapore Management University’s Lee Kong Chian Business School Advisory Board and Vice Chairperson of the Asia Cabinet, Global Advisory Board for the University of Chicago Booth School of Business.