Electra Private Equity PLC announces that John McAdam, a non-executive director of the Company, has been appointed as a Non-executive Director and Senior Independent Director of Cobham plc, effective from 3 August 2017. He will also become a member of the Remuneration and Nomination Committees of Cobham plc.
Electra Private Equity PLC
28 July 2017 – Rapidly growing plug & abandonment (P&A) and well repair specialists HydraWell has appointed Mark Sørheim as its new chief executive officer.
Mark Sørheim joins HydraWell from Schlumberger in Aberdeen where he held the position as integrated drilling & completion project director. Sørheim has spent almost 20 years in Schlumberger, including management roles in UK, Norway and France as well as operational roles in UK, Colombia and India.
“I have cooperated with HydraWell while at Schlumberger and have been highly impressed. When someone tells you that they can plug a well in 2-3 days instead of the 10-14 days it takes with conventional methods, most people will probably be a bit cautious at first. However, HydraWell’s perf, wash & cement technology does just that. It is by far the oil and gas market’s most cost-efficient P&A solution and I cannot wait to start working with the technology full time,” says Mark Sørheim, newly appointed CEO of HydraWell.
Mark Sørheim succeeds HydraWell’s co-founder Odd Engelsgjerd, who will continue to support the company as business advisor, board member and major shareholder.
“This transition has been planned for some time, by the board of directors and I, as part of our strategy to grow the business further,” says Odd Engelsgjerd.
HydraWell has developed the proprietary PWC®-technology (perforate, wash and cement) that plugs offshore wells in 2-3 days, compared to the traditional method of section milling which takes considerably longer time to complete. So far more than 200+ Hydrasystem plugs have been installed worldwide on behalf of 16 operators including supermajors, majors, NOCs and independent oil companies.
HydraWell is jointly owned by the company’s management and private equity fund Norvestor VII, L.P., which is advised by Norvestor Equity AS – a leading private equity firm focusing on lower mid-market control investments in the Nordic region.
Daniel Spasic has chosen to leave his position as CEO of Ratos’s subsidiary TFS, an international Contract Research Organisation (CRO), which conducts clinical trials for pharmaceutical, biotechnology and medtech companies. James Utterback has been appointed acting CEO until a permanent CEO has been recruited.
In recent years, TFS has focused on therapeutic expertise, internationalisation, organisation and service offerings. Daniel Spasic, founder of TFS and the company’s CEO since 1996, has been an important contributor to this strategic focus. Daniel has now chosen to leave the company and James Utterback, an advisor to the Board of Directors of TFS with extensive experience in the pharmaceuticals industry, has been appointed acting CEO as of 14 August. The recruitment process to find a permanent replacement has begun.
“As the founder of TFS and for his 20 years as CEO, Daniel has applied his industry expertise to successfully build and develop TFS into an international clinical contract research company. Under Daniel’s leadership, TFS has positioned itself as a company with a focus on small and medium life science customers. Now, at a natural point in time, when TFS is taking the next step on its growth journey, with a clear set of goals and a well-defined strategy, Daniel has chosen to leave his position as CEO of the company,” says Mikael Norlander, Senior Investment Director at Ratos and company executive for TFS.
Daniel will remain as a key owner of TFS, with 40% of the shares.
Ratos became a part-owner of TFS in 2015. On behalf of its customers, the company now conducts clinical trials in more than 40 countries and works with a broad international customer base of leading research companies. The company has approximately 750 employees and professional fee revenues for the rolling 12 months at 31 March 2017 amounted to EUR 60.6m and EBITA was
EUR 6.5m.
Markus Hökfelt, current Vice President at Fortum Charge & Drive, has been recruited to Almi Invest. Where he takes up August 21 in service as Fund Manager at Almi Invest’s new National Green Tech fund of 650 million.
Markus Hökfelt, who is an engineer in the ground, has built its expertise and experience from a number of senior positions at Fortum, founder of start-up companies as well as a management consultant at Accenture.
The purpose of Almi Invest Green Tech fund is to bridge the marknadsgap that exists between demand and supply of venture capital investments in innovative companies that contribute to the reduction of greenhouse gases. Fund is open for investment in a variety of areas such as renewable energy, smart grid, biogas, Agritech, advanced environmentally friendly materials, sensor networks like. Co-financiers to fund the ALMI, Almi Invest Energy Agency and the European Regional Development Fund.
At Almi Invest will also be responsible for investment in green tech area. The fund aims to invest in 50 companies until the 2023rd
I am driven by the combination of innovation, entrepreneurship and sustainability creates new business opportunities. Green Tech Fund offers great opportunities to work with some of Sweden’s most promising growth companies in the energy and environmental sector where the need for venture capital is high. We look forward to co-invest with private venture capital firms and business angels to double capital to companies and share the financial risk. The fund will be ready to invest in early growth in Q4, says Markus Hökfelt, incoming Fund Manager at Almi Invest Green Tech Fund
We are delighted to welcome Markus Hökfelt to us. In recent years we have focused more and more on the importance of sustainable investments, both at the time of investment, and as we develop the portfolio companies until the exit. With Mark’s extensive background and our new fund, we will strengthen our skills and and increase our investments in green tech area, says Mikael Karlsson, CEO Almi Invest
Markus Hökfelt, current Vice President at Fortum Charge & Drive, has been recruited to Almi Invest. Where he takes up August 21 in service as Fund Manager at Almi Invest’s new National Green Tech fund of 650 million.
Markus Hökfelt, who is an engineer in the ground, has built its expertise and experience from a number of senior positions at Fortum, founder of start-up companies as well as a management consultant at Accenture.
The purpose of Almi Invest Green Tech fund is to bridge the marknadsgap that exists between demand and supply of venture capital investments in innovative companies that contribute to the reduction of greenhouse gases. Fund is open for investment in a variety of areas such as renewable energy, smart grid, biogas, Agritech, advanced environmentally friendly materials, sensor networks like. Co-financiers to fund the ALMI, Almi Invest Energy Agency and the European Regional Development Fund.
At Almi Invest will also be responsible for investment in green tech area. The fund aims to invest in 50 companies until the 2023rd
I am driven by the combination of innovation, entrepreneurship and sustainability creates new business opportunities. Green Tech Fund offers great opportunities to work with some of Sweden’s most promising growth companies in the energy and environmental sector where the need for venture capital is high. We look forward to co-invest with private venture capital firms and business angels to double capital to companies and share the financial risk. The fund will be ready to invest in early growth in Q4, says Markus Hökfelt, incoming Fund Manager at Almi Invest Green Tech Fund
We are delighted to welcome Markus Hökfelt to us. In recent years we have focused more and more on the importance of sustainable investments, both at the time of investment, and as we develop the portfolio companies until the exit. With Mark’s extensive background and our new fund, we will strengthen our skills and and increase our investments in green tech area, says Mikael Karlsson, CEO Almi Invest
Kinnevik AB (publ) (“Kinnevik”) today announced that it has appointed Georgi Ganev as its Chief Executive Office with effect from 1 January 2018.
Chairman of the Board of Kinnevik, Tom Boardman, commented:
“In Georgi Ganev, Kinnevik will have a CEO with a keen appreciation of Kinnevik’s strategy, our markets and our companies. Georgi combines a successful track record as a CEO, taking a fast-growing digital e-commerce company public, with a solid experience from the Nordic TMT sector. I am very pleased that he has accepted the position as CEO of Kinnevik in our next phase of identifying, scaling and transforming businesses to continue to create value for our shareholders.”
Georgi Ganev commented:
“I am proud and excited to become the CEO of Kinnevik. Having started my career at Tele2, I know that Kinnevik has a unique culture and capability as a business builder. Using my operational experience that I have gained across relevant sectors I will focus on unlocking further value from Kinnevik and its portfolio companies. I also look forward to working with the Kinnevik team and the broader network of founders, boards and management teams to continue to grow the digital investment business.”
Georgi Ganev joins Kinnevik from Dustin where he has served as CEO since 2012. He is also a board member of Tele2 since 2016. Prior to Dustin Georgi was CMO at Telenor Sweden AB between 2010-2012 and CEO of Bredbandsbolaget AB 2007-2010. Between 2002 and 2007, Georgi worked within the Kinnevik Group as Sales & Marketing Director and Product Manager at Tele2. Georgi holds a MSc in Engineering in Information Technology from Uppsala University.
Joakim Andersson will remain Acting CEO of Kinnevik until Georgi Ganev assumes the position as CEO on 1 January 2018.
Sætre is currently the CEO of Vard Electro AS, and will succeed Asbjørn Solevågseide (56), who will continue as head of OptimarStette’s sales activities.
Asbjørn Solevågseide has led the company since it was founded in 2003. Having developed OptimarStette into a global leader in automated seafood solutions, with 200 employees, a turnover of NOK 500 million and businesses in Norway, the US and Spain, Solevågseide has asked the company’s board to strengthen top management in light of expected further international growth, and in order to focus even more on customers, markets and business development.
Håvard Sætre founded what later became Vard Electro in 1997, and has led the company from the start until today, with NOK 1.7 bn turnover and 950 employees in 4 continents. The company is part of the Vard Group. Sætre knows OptimarStette well after having been chairman of Peter Stette AS for a number of years, and board member of OptimarStette since 2014, when Optimar Giske AS and Peter Stette AS merged.
Sætre will assume his new position within the next 6 months.
Credo Partners AS
Pia Kåll has been appointed Managing Partner of CapMan Buyout and replaces Markus Sjöholm in CapMan Plc’s Management Group. Further, Johan Pålsson has been appointed Co-Managing Partner of CapMan Buyout. Hans Christian Dall Nygård steps down from the Management Group, while continuing as Managing Partner of CapMan Russia responsible for the value creation and new investments of the CapMan Russia I and II funds. The changes come into force starting from 5 June 2017.
Prior to joining CapMan and since 2013, Kåll was a member of the Executive Board of Outotec, a Nasdaq Helsinki listed leader in minerals and metals processing technology. Before Outotec, Kåll worked in management consulting with McKinsey & Company since 2006. Pålsson came to CapMan from the private equity company Ratos and he has 10 years of experience from the private equity industry.
“I am excited about this new role. We have a great team in place and are in a good position to strive forward especially as our portfolio is developing favourably. I thank CapMan Buyout’s partners and CapMan’s management for their trust and confidence in me,” comments Pia Kåll, CapMan Buyout’s new Managing Partner.
“We are pleased with Pia’s and Johan’s modern take on leadership in both their own portfolio companies as well as in our team. As such, former Co-Managing Partner Dan Johnson and I are happy to continue as active Buyout Partners,” says Markus Sjöholm, former Managing Partner of CapMan Buyout.
“The changes in the Management Group reflect CapMan’s renewed strategy. Pia’s and Johan’s backgrounds and competences complement each other well and both have strong experience from implementing value creation strategies for portfolio companies,” says Joakim Frimodig, CapMan’s Interim CEO.
For more information, please contact:
Joakim Frimodig, Interim CEO, CapMan Plc, tel. +358 50 529 0665
Pia Kåll, Managing Partner, CapMan Buyout, tel. +358 40 766 4446
Industrifonden’s portfolio company Pharmalink, a specialty pharmaceutical company, announces the appointment of Renee Aguiar-Lucander as Chief Executive Officer.
Pharmalink has appointed Ms Aguiar-Lucander to lead the Company’s expansion and strategic development, following the clinical success to date of Nefecon®: a Phase 3 ready compound with orphan designation. Ms Aguiar-Lucander will, in conjunction with the Pharmalink team, pursue a range of initiatives, including raising private or public capital for the Phase 3 trial, expanding the Company’s development platform, in-licensing of additional compounds as well as partnering. Pharmalink’s current CEO, Dr Johan Häggblad, will take on the role of COO and will continue to lead clinical and product development.
Prior to joining Pharmalink Ms. Aguiar-Lucander was Partner and COO of Omega Fund Management, an international healthcare fund based in Boston. She was previously a Partner at the venture group of 3i Group plc, where she managed the European and US legacy healthcare and technology portfolios, and had responsibility for the group’s public holdings.
Prior to this Ms. Aguiar-Lucander was European Group Head and Managing Director at a US based global investment bank. She has more than 12 years of corporate finance experience, including merger and acquisitions, corporate restructurings and raising private and public capital for growth companies in Europe and the US. She has held senior management positions in a technology growth company and has significant corporate board experience in both private and public companies. Ms Aguiar-Lucander holds a BA in Finance from Stockholm School of Economics and a MBA from INSEAD.
Lennart Hansson of Industrifonden, Pharmalink’s lead investor representative, said: “We are delighted with the appointment of Renee as CEO at Pharmalink. Her appointment comes at a key time for the Company, now that it has completed its highly successful NEFIGAN Phase 2b clinical trial with Nefecon® in patients with IgA nephropathy at risk of end stage renal disease. This is an exciting time for Pharmalink, as it prepares for the start of its Phase 3 study with Nefecon®.”
“I am excited to take up the CEO position at Pharmalink and join a team which has achieved truly exciting clinical results in the NEFIGAN trial. The company is well positioned to see accelerated growth and expansion through work with clinicians, KOLs and regulators to bring products to the market which address unmet medical needs, and make a true difference to patients and their families.” said Renee Aguiar-Lucander.
Hexagon, a leading global provider of information technology solutions, today announced the appointment of Ben Maslen as Hexagon’s Chief Strategy Officer (CSO). As CSO, Mr. Maslen will be responsible for the development and execution of strategic initiatives to support Hexagon’s long-term growth and shareholder value.
Mr. Maslen has over 15 years of experience in the capital markets industry including being co-head of the European Capital Goods equity research team at Morgan Stanley. Prior to Morgan Stanley, he was an equity analyst at Bank of America Merrill Lynch and Lehman Brothers.
Mr. Maslen will officially assume the role of CSO in the summer of 2017 as part of Hexagon’s group management team, reporting to the President and CEO.
For further information, please contact:
Maria Luthstrom, Investor Relations Manager, Hexagon AB , +46 8 601 26 27, ir@hexagon.com
Kristin Christensen , Chief Marketing Officer, Hexagon AB , +1 404 554 0972, media@hexagon.com
Hexagon is a leading global provider of information technology solutions that drive productivity and quality across geospatial and industrial landscapes.
Hexagon’s solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 18,000 employees in 50 countries and net sales of approximately 3.1bn EUR. Learn more at hexagon.com and follow us @HexagonAB.
