Araca Energy ASA announced the nomination committee's proposal for a new board 22 of December 2014. The nomination committee propose the following board composition: Mr. Atle Torbjørn Karlsvik (current), Mr. John R. Shaw (new), Ms. Kristina Stehling (new), Mr. Rashid Ibrahim (new) and Ms. Kirsti Beate Ballangrud Prestmarken (current).