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About Us.

Playing the energy transition

The company was established in 2010 in order to capitalize on the demand for premium jack-up rigs in the offshore drilling market.

Between 2010 and 2013 the company ordered and resold seven Keppel FELS Mod V-B’s, generating on average 55% annualized return.

In 2016 the company invested in Offshore Support Vessels, currently having two large size PSVs and 28% ownership in five mid-sized vessels.

Since its transition to more liquid investments within Energy, Transportation and Commodities (ETC) in 2021, Standard ETC’s seeks to create strong shareholder returns within the ongoing energy transition.


Evangelia Panagide
General Manager

Mrs. Evangelia Panagide (born 1974) has, from 1 September 2013, been appointed as General Manager of the Company. She is based in the Company’s headquarter in Cyprus and has run this office since 2011.

Very well versed in the Company and skilled in day-to-day administrative matters, Mrs. Panagidi keeps abreast and ensures adherence to Cyprus regulations and laws and the Code of Practice for Corporate Governance.

Christos Neokleous
Chief Financial Officer

Mr. Christos Neokleous (born 1970) has been appointed as Chief Financial Officer on 1 July 2017 but has been involved with the Company since its incorporation. He has more than 30 years of experience as auditor and advisor with a demonstrated history of working as a Partner in one of the Big 4 audit firms in Cyprus. He is skilled in numerous audit and accounting fields, and has extensive knowledge of International Financial Reporting Standards, taxation policies, Cyprus Companies Law, Corporate Governance matters and day to day administration processes.

Mr. Neokleous is a Fellow member of the Chartered Association of Certified Accountants (FCCA), a member of the Institute of Certified Public Accountants of Cyprus (ICPAC), a member of The Association of Accounting Technicians (MAAT) and a licensed Insolvency Practioner in Cyprus.

Investment Team

Espen Landmark Fjermestad

Espen Landmark Fjermestad was appointed Head of Investments in September 2021 and comes from the position as Head of research at Fearnley Securities. Fjermestrand has previously held positions at Storebrand Kapitalforvaltning and holds a Master of science from Copenhagen Business School.

Espen Westeren

Standard ETC has entered into an agreement to partner with Espen Westeren, currently managing his privately held Titan Ventures. Westeren has previously served as founder and chief investment officer at Titan Capital Management, and worked five years at Seatankers/Frontline Corporate Services. He has also experience as a portfolio manager and analyst at HBK Investments and Martin Currie Investments respectively, and holds a MPhil Economics from the University of Cambridge.

Board of Directors

Martin Nes
Chairman of the Board.

Mr. Martin Nes (born 1969) has been involved with the Company since its incorporation in 2010 and has previously held the role of Acting CEO. He is well versed in the Company, as well as in the shipping and offshore industry. He has been the CEO of Ferncliff TIH AS since 2010.

Mr. Nes holds a law degree from the University of Oslo and a Master of Laws degree from University of Southampton, England. Prior to joining Ferncliff, he spent several years with the Norwegian law firm Wikborg Rein, working in both the Oslo and London offices; and has also worked with the shipping law firm Evensen & Co. He has extensive corporate experience and is/has been chairman and/or a member of the board of directors of several other listed companies; including Aqualis ASA, Nickel Mountain Group AB, Saga Pure ASA, NEL ASA, Arribatec ASA, Standard Supply AS and Weifa ASA. He was re-elected as a Chairman of S.D. Standard ETC Plc in August 2023.

Konstantinos Pantelis
Non-Executive Director.

Mr. Konstantinos Pantelidis (born 1970) has over 25 years’ experience in the service industry and extensive knowledge in accounting and audit, banking, financial management and budgeting. His experience includes participation in board meetings in his capacity as a non-executive director and finance director of various Companies and organizations, including PLC’s.

Since November 2008, Konstantinos is the founder and Director of Rombus Services Ltd. Konstantinos is a fellow member of the Chartered Association of Certified Accountants (ACCA) and a member of the Institute of Certified Public Accountants of Cyprus (ICPAC).

Mr. Pantelidis has been involved with the company from 2016 where he served as a member and chairman of the Nomination Committee, he was appointed to the Board of Standard ETC in June 2018 and he also serves as a Chairman of the Audit committee.

George Crystallis
Independent Director.

Mr. George Crystallis (born 1956) is Managing Director of M.G. Crystallis & Co Limited, a Cyprus trading company.

Mr. Crystallis has extensive board experience and serves on the boards of several Cypriot companies. He was appointed to the Board of Standard ETC in December 2010. Mr. Crystallis holds a degree in Economics from the University of Freiburg, Germany.