Board of Directors

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    Per Wiking Sjøstrand

    (born 1958)

    Position: Chairman of the Board
    (since 2020)

    Nationality: Swedish

    Education:
    Master of Science degree in engineering from Chalmers University of Technology in Gothenburg.

    Current engagements:
    Chairperson of the Board of Directors of Instalco (publ), Green Landscaping (publ), Eltel Group (publ) and BPG (publ).

    Previous engagements/experience:
    Founder and former CEO of Instalco. 25 years of experience as CEO of several companies in the construction industry, and as director of major projects within The Swedish Transport Administration (Trafikverket).

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    Trond Sigurd Tørdal

    (born 1964)

    Position: Board Member and M&A Director (since 2020)

    Nationality: Norwegian 

    Education:
    Entrepreneur 

    Current engagements:
    T. Tørdal Invest AS, CEO and Chairman of the Board. PSG3 AS, Chairman of the Board. Peon Bodø AS, member of the Board.

    Previous engagements/experience:
    Boreus Eiendom AS, member of the Board. Burøyveien 12 AS, Chairman of the Board. 4 Kløveren EIendom AS, Chairman of the Board. Ørnestedet Bodø AS, Chairman of the Board.

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    Erik Nelson

    (born 1977)

    Position: Board Member
    (since 2020)

    Nationality: Norwegian

    Education:
    BComm. Major in Finance (graduated with Great Distinction and Dean’s Honour List for academic achievement) from McGill University, MSc. in Economics and Business Administration from BI Norwegian School of Management, Junior officer’s degree from the Norwegian Coastal Artillery Academy.

    Current engagements:
    Partner at FSN Capital. Member of the Board of Directors in Firesafe, Seriline and Solcellespesialisten.

    Previous engagements/experience:
    M&A within Corporate Finance at Deutsche Bank, UK. Line management and restructuring experience Ernst & Young, Norway.

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    Marina Lønning

    (born 1967)

    Position: Board Member
    (since 2020)

    Nationality: Danish

    Education:
    MSc in Economics and Business Administration from Aarhus BSS. 

    Current engagements:
    Member of the Board of Directors in Crayon Group AS, Firesafe AS, UPHEADS AS, NetNordic Group AS and Ludvig & Co AB.

    Previous engagements/experience:
    CEO at Crayon Denmark AS, Senior Executive Vice President at TDC Erhverv Denmark,  CMO Business at Telenor Norway, Chair of the Board at Aptilo Networks and several other board member positions.

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    Eirik Hjeltnes Wabø

    (born 1991)

    Position: Board Member
    (since 2020)

    Nationality: Norwegian 

    Education:
    MSc in Finance and Accounting from Copenhagen Business School with exchange studies at Hong Kong Polytechnic University.

    Current engagements:
    Investment Director at FSN Capital. Member of the Board of Directors at Fibo. 

    Previous engagements/experience:
    Private Equity at Boston Consulting Group.

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    Dirk Brouwers

    (born 1966)

    Position: Board Member
    (since 2022)

    Nationality: German

    Education:
    Dipl.-Ing in Mechanical Engineering from RWTH Aachen University. Mechanical Engineering, Deep Drawing at Ohio State University. 

    Current engagements:
    Member of the Board of Directors at mobispace GmbH and Parmaco Oy.

    Previous engagements/experience:
    Senior Vice President at VAMED Management und Service GmbH. CEO at Dussmann Group and ThyssenKrupp Facilities Services.

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    Christina Hegg

    (born 1970)

    Position: Board Member
    (since 2024)

    Nationality: Swedish

    Education:
    Master’s degree in economics from Stockholm University.

    Current engagements:
    CFO AQ Group, has worked more than 20 years as chartered accountant, mainly at EY and as Business Controller at Resco and CFO att Reference Interactive.

    Previous engagements/experience:
    Board member of AQ Group subsidiaries.

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    Maria Grøner

    (born 1995)

    Position: Board Member
    (since 2024)

    Nationality: Norwegian 

    Education:
    BBA in Finance from the College of William and Mary

    Current engagements:
    Investment Manager at FSN Capital. Board observer for Holmbergs Safety System and Seriline 

    Previous engagements/experience:
    Deutsche Bank, US and UK

    The work of the Board 

    Pursuant to the Norwegian Companies Act, the Board of Directors is responsible for the organisation of the company and the management of the Company’s affairs, which means that the Board of Directors is responsible for, among other things, setting targets and strategies, securing routines and systems for evaluation of established targets, continuously assessing the financial position and profits, and evaluating the operating management. According to the Company’s articles of association, the Board of Directors shall consist of no less than 3 ordinary member and no more than 10 ordinary members, each of whom is elected at the annual general meeting until the end of the next annual general meeting. 

    The Chairman of the Board of Directors shall be appointed by the annual general meeting and has particular responsibility for the management of the work of the Board of Directors and ensuring that such work is well organised and conducted effectively. The Chairman of the Board of Directors does not participate in the operating management of the Company.

    The Board of Directors applies written rules of procedure, which are revised annually and adopted by the inaugural board meeting every year. Among other things, the rules of procedure govern the practice of the Board of Directors, its functions and the division of work between the members of the Board of Directors and the CEO. At the inaugural board meeting, the Board of Directors also adopts instructions for the CEO, including instructions for financial reporting. 

    The Company’s Board of Directors consists of 7 ordinary members without any deputies, all elected up until the end of the 2025 annual general meeting.

    Board committees

    The company’s Board has established two Board committees: the Remuneration Committee and the Audit committee.

    Remuneration committee

    Per Wiking Sjöstrand is the Chairman and Marina Lønning and Erik Nelson are members of the remuneration committee.

    The remuneration committee shall prepare decisions on issues concerning remuneration principles, remuneration and other employment terms for the CEO and the executive management. The remuneration committee’s tasks are governed by the Company’s instructions for the remuneration committee. The committee is also tasked with following up and evaluating the Company’s remuneration policy, remuneration programs and remuneration structure.

    Audit committee

    Christina Hegg is the Chairman and Dirk Brouwers and Eirik Wabø are members of the audit committee. The audit committee shall, without affecting the other responsibilities and duties of the Board of Directors, monitor the Company’s financial- and sustainability reporting and make recommendations and proposals to safeguarding the reliability of the reporting in relation to the reporting, monitor the efficiency of the Company’s internal controls and risk management, keep itself informed about the audit of the annual report and Group accounts and about the conclusions of the quality controls performed by the competent Inspectorate of Auditors, inform the board of directors about the result of the audit and the way the audit contributed to the reliability of the financial reporting, and also about the function of the audit committee, review and monitor the impartiality and independence of the auditor, paying particular attention to whether the auditor provides the Company with services other than auditing services, and assist in preparing draft resolutions for election of auditors to be passed at a general meeting.