The Board of Directors is responsible for the governance of the company and for the proper organisation of its activities in accordance with the legislation and the articles of association. The Board of Directors establish the strategy, organisation, accounting and control of the company and appoint the CEO, who acts in accordance with the orders of the Board of Directors and who is responsible for the day-to-day management of the company’s affairs.
Chairman Thorleif Enger
Dr. Thorleif Enger was until 2008 the CEO of Yara International ASA, the world’s largest producer of fertilisers. Prior to this, he has more than 30 years of experience from the oil industry i.a as Executive Vice President for Oil and Energy for Norsk Hydro from 1996 to 1999, President of Hydros Exploration and Production Division from 1987 to 1996 and project responsible for the Oseberg oil field 1982 to 1986. From 1970 to 1973 he was employed by Shell Development Company in Houson, Texas. He is the chairman of Spring Energy and Agrinos and board member of HitecVision, FMC Technologies and Marine Harvest, and former chairman of Telenor. Dr. Enger has a PhD in Structural Engineering from the University of Colorado.
Board member Torkjell Nilsen
Torkjell is educated at BI (Norwegian School of Management). He has an extensive career in the financial industry in Norway, and was from 1992 one of the founding partners in a brokerage company that introduced Structured financial products in the Norwegian marketplace towards institutional investors. This company was taken over by Storebrand ASA/Finansbanken ASA, Norway`s largest life insurances and Asset manager in 1998, and held a position there as leader of the Markets operation for four years before he reestablished a privately owned company within the NorgesInvestor group that has its main activities within Private Equity investments and Discretionary Asset Management. He currently acts as CEO in NorgesInvestor Securities AS, a registered brokerage company within NorgesInvestor
Board member Gudmundur Thor Thormodsson
G Thor Thormodsson was one of the founders of the company. Mr. Thormodsson has extensive experience in working in the industrial sector in India and has background in plastics. He establish Sæplast hf in Iceland, a company producing insulated fishtubs. The company is now called Promens. The company later set up factories in over 20 countries selling mainly the 660/440 litre fishtubs, designed by Mr. Thormodsson with sales to over 70 countries. Mr. Thormodsson was a main contributor in establishing the joint venture with Hindustan Turbomachinery Ltd. and is one of its directors of the board.
Board member James McNaught-Davis
James has a decade and a half of investment experience in technology private equity. This includes five years as a general partner at Advent (2001 – 06) and five years at Warburg Pincus (1996 – 2001) where he became a partner and managing director. James joined WHEB as its Managing Partner in 2007. James also has many years of technology industry experience, primarily as a senior executive of Misys Plc where he was responsible for M&A and made several acquisitions in the US, and spent several years as an investment banker with Merrill Lynch and Schroders. James was educated at Cambridge University and graduated with an MBA from the Wharton School, University of Pennsylvania.
Board member Mark Preston