Management

Jørgen Hallundbæk

Jørgen Hallundbæk

Founder and Chief Executive Officer (CEO). Overall responsible for the team of Welltec.

Spurred by work on 3D wave simulations for design of offshore platforms, slim hole drilling and geotechnical surveys, Jørgen Hallundbæk founded Welltec in 1994 – materializing a vision that since has transformed the way the oil and gas sector operates by introducing technology which enhances the recovery rate and least lowers the environmental risk and impact compared to traditional technology.

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With great success Jørgen Hallundbæk has developed the business from a minor subcontractor into a direct contractor to the world’s leading oil and gas companies. 

He still plays an active role in the development of new technology and has authored many SPE papers.

The environment is highly prioritized by Jørgen Hallundbæk, which is why from the start he has designed all of Welltec’s technologies around principles that safeguard the environment.

Jørgen Hallundbæk holds an MSc in Engineering, Naval Architecture from the Technical University of Denmark. 

Our Corporate Executive Management

All members of Welltec’s corporate executive management have extensive experience from different types of industry, thus ensuring a continued, strong governance of the company.

Peter Hansen

Chief Operating Officer (COO)
Responsible for Welltec Global Operations.

Peter Hansen holds a MSc in International Business from Aarhus
School of Business, Denmark, and HEC Montréal, Canada. He has served with the Royal Danish Air Force as Captain.

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Peter Hansen joined Welltec in 2010, having most recently served as COO of the PE Fund owned BTX Group A/S and prior to that as Supply Chain & IT Director for the public company IC Companys A/S.

Previously, he held management positions within business development at the Carlsberg A/S and Coca-Cola Nordic Beverages A/S. After his graduation, Peter Hansen served as a management consultant with McKinsey & Co based in Copenhagen and Johannesburg. 

Welltec management Peter Hansen
Welltec Management

Martin Skovbjerg

Chief Legal Officer (CLO)
Responsible for the Legal and QHSE Functions.

Martin Skovbjerg holds a master’s degree in law from the University of Aarhus, Denmark. He is a qualified attorney, admitted to the Danish High Court and a member of the Danish Bar Association as well as the Association of Corporate Counsels.

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Martin Skovbjerg has further obtained a master’s degree in negotiation and post doc management training at the Boston University and the University of Dundee.

His previous job experiences include working for Rolls-Royce Industrial Power Group; a company that is involved in the construction of crude oil pipelines in India. He started working as external legal advisor for Welltec in 1998 and has been with Welltec since 2005 where he left the partnership group of a Danish law firm to establish Welltec’s in-house legal function.

Michael Krabbe

Chief Financial Officer (CFO)
Responsible for the global finance function.

Michael Krabbe holds a MSc in Finance from Aarhus School of Business and a MSc in Economics and Finance from Warwick University.

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Michael Krabbe joined Welltec in 2011 as Deputy CFO and has most recent served as Group Finance Director and Finance Director, Scandinavia.

Prior to Welltec Michael Krabbe held a position as Vice President, Large Account Sales in the Danish Telecommunications Incumbent TDC, where he also held various management positions within finance ie. Vice President and Finance Director, Installations.

Welltec Management