Herman Billung has served as Chief Executive Officer of Golden Ocean Management since 1 April 2005.

Mr. Billung's previous position was as Managing Director of Maritime Services in The Torvald Klaveness Group, responsible for the Commercial management of the Group's dry bulk pools, Bulkhandling and Baumarine. Herman Billung was Managing Director of the dry bulk operating company, Frapaco Shipping Ltd. between 1994 and 1998. Mr. Billung graduated from the Royal Norwegian Naval Academy in 1984.