Laure Delabeye appointed Director of Human Resources and Services at Wendel

Wendel

Wendel announces the appointment of Laure Delabeye as Director of Human Resources and Services for the
Wendel Group. In this role, she will be in charge of Human Resources, General Resources and IT services.

Biography of Laure Delabeye
After graduating from EFAP (École des nouveaux métiers de la communication) and IGS
(Institut de Gestion Sociale), Laure Delabeye, 54 years old, worked over 25 years as
Human Resources Director in French and international environments, mainly in the
Finance and Insurance sectors.

Before joining Wendel, Laure spent 14 years as Human Resources Manager in AXA
Group operating entities, supporting their transformation. Laure then joined the American
bank JP Morgan as HR Director for France, before extending her responsibilities to Spain
and Portugal. For 7 years, she acquired expertise in leading teams in multicultural and sensitive contexts, and
dealt in particular with the impacts of Brexit from an HR point of view on a European level. From 2019 to 2021,
Laure was Global Head of Human Resources for Natixis Investment Banking.

In 2021, Laure made a turning point in her career by becoming a certified coach (HEC Global International
Executive coaching, ICF accredited). She set up Oyat Coachsulting to support senior executives facing new
challenges.

Categories: People

Emilia Åberg appointed as Managing Director of CapMan for Good and Tukikummit foundations

Capman

The CapMan for Good foundation and the Tukikummit foundation have together appointed Emilia Åberg as their new Managing Director. Emilia brings the foundation over 15 years of marketing experience also including work with charity driven projects. She takes on the role after supporting the foundation with the successful #Steps4Tukikummit campaign organised this spring.

CapMan manages two foundations: The CapMan for Good Foundation and the Tukikummit Foundation. These two foundations have worked to support disadvantaged youth and increase wellbeing throughout society, mostly in Finland. CapMan carries on executing the ambitious targets set for both these foundations and to develop them further and into their full potential across the Nordics.

Transitioning to a new phase in our foundations requires a professional set of new tools and resources. CapMan is delighted to welcome Emilia Åberg as the Managing Director for both foundations, as Maija Ilmoniemi steps down from the role as Managing Director.

Emilia is a multitalent that has over 15 years of experience in global marketing, creating impact, sparking purpose via multiple charity driven projects and working with diverse groups of founders and innovators. A common thread in her work and projects has been the core meaning of bringing people together and working towards a bigger goal at large.  Emilia’s work will continue in her new assignment, as Emilia will fight against youth marginalisation through the work in our foundations.

“I am thrilled to welcome Emilia into CapMan, and the CapMan for Good and Tukikummit foundations. In the current economic situation, it is increasingly important to expand our reach and use our ability to create a positive impact in society, supporting our youth, wellbeing and entrepreneurship throughout society. In Emilia, we get an empathic, solution-oriented and present agent for our foundations who will help us take them to the next level and expand our impact. I also want to give my warmest thanks to Maija Ilmoniemi for her important contributions in developing these two organisations and wish her all the best for her future endeavours”, says Joakim Frimodig, Chair of the Board of CapMan for Good and Tukikummit foundations.

“I am very honoured to be working for these two foundations which both hold great history and potential to further expand their impact in Finland and the Nordics. This role brings a lot of responsibility and accountability towards our youth, which I attend to carry with pride and care”, shares Emilia Åberg, Managing Director of Tukikummit and CapMan for Good foundations.

Emilia Åberg is appointed as Managing Director of CapMan for Good and Tukikummit foundations. Emilia was appointed as of June 6th  2024. She works for the foundations on a part-time basis (50%) and will be located in CapMan’s Helsinki office.

About Tukikummit foundation

Tukikummit Foundation was started in 2007 by a concern of among others Sauli Niinistö, President of Finland, for young people who are at risk of falling outside our society. The foundation donates funds for children in need to support their hobby activities and school attendance. CaPS has been the engine for organising the most relevant annual donations for the foundation for many years already this year CapMan took over the responsibility to manage and operate the foundation altogether. Our revised vision is to grow Tukikummit into Finland’s most significant foundation in supporting children’s hobby activities. https://tukikummit.fi/

About CapMan for Good Foundation

CapMan for Good Foundation support causes and activities that positively impact education, entrepreneurship and health and well-being especially in disadvantaged parts of society. In practice the foundation organizes and coordinates individual projects and campaigns in which CapMan’s personnel and other stakeholders can participate and share their expertise and time. The vision is to broaden the pro bono activities in all CapMan offices and to offer all CapManians the possibility to participate in doing good by taking part in our various concepts. https://www.capmanforgood.org/

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

Categories: People

Actylis Announces Appointment of Scott Thomson as Chief Executive Officer

New Mountain Capital

Company Continues Expansion of Integrated Global Specialty Ingredients Manufacturing and Sourcing Strategy

PORT WASHINGTON and NEW YORK, NY [BUSINESS WIRE] – Actylis, a leading global manufacturer and sourcing expert of critical materials and performance ingredients for the life sciences and specialty chemicals markets, today announced the appointment of Scott Thomson as Chief Executive Officer. Scott has a three-decade track record in the pharmaceutical and chemical industries, most recently as CEO of SPI Pharma, a leading global provider of pharmaceutical ingredients, systems and services, where he helped lead the sustainable improvement of its strategic development and execution. Prior to SPI Pharma, Scott was a senior executive at BASF and was responsible for several global life science and specialty ingredients businesses.

“Scott has an impressive tenure of driving long-term growth, and we look forward to welcoming Scott as we bring our client-centric, flexible customer service model and extensive product offerings to an increasing number of geographies, customers and applications,” said Rakesh Sachdev, Chairman of Actylis. “We also want to thank Gilles Cottier for his leadership as CEO of Actylis over the last five years and wish him well in his retirement.”

Joe Walker, Managing Director at New Mountain Capital, said, “Since New Mountain’s investment in 2019, Actylis has transformed into a leading manufacturer and distributor of key ingredients in pharma, biopharma, nutritional, agri-science, cosmetics and specialty chemicals markets, completing seven acquisitions and substantially expanding the company’s global reach. We are excited for Scott to leverage and accelerate Actylis’ strong growth trajectory with increasing emphasis on high growth end markets and products.”

Andre Moura, Managing Director at New Mountain Capital, added, “Actylis has tremendous runway for sustainable growth due to its strong value proposition and market positioning. We are thrilled to invest further and support Scott and the management team to realize the company’s long-term strategic vision.”

Actylis offers standard and custom ingredients through a rapidly growing portfolio of GMP and non-GMP facilities worldwide, as well as through the company’s strong sourcing partner network. Actylis’ hybrid manufacturing and global sourcing model for ingredients and raw materials delivers the most flexible and reliable solutions for its customers’ unique manufacturing requirements, supported by industry-leading standards of quality documentation and regulatory compliance.

Scott Thomson, CEO of Actylis, commented, “I feel privileged to lead the Actylis team at this exciting juncture, and I look forward to partnering with our customers, Actylis’ management and employees, and New Mountain to grow and further develop Actylis’ offerings. There is significant opportunity to accelerate the company’s growth and I look forward to building upon the company’s achievements to date both organically and inorganically.”

About Actylis

Actylis is a leading global manufacturer and sourcing expert of critical materials and performance ingredients for the life sciences and specialty chemicals markets. Actylis has a presence in 10 countries spanning three continents and offers more than 4,000 products supported by over 800 employees. Actylis has more than 75 years of manufacturing and sourcing experience across both GMP and non-GMP facilities and offers customers the flexibility to choose from a wide range of individualized solutions, all backed by the same world-class quality, supply chain reliability and regulatory expertise. Its capabilities encompass the entire R&D, product development and manufacturing spectrum, including technical sales support, R&D, manufacturing and production, quality, supply chain, global sourcing, and regulatory compliance. Actylis serves pharmaceutical, biopharmaceutical, nutritional, cosmetics, agri-science and specialty chemical end markets. The company is headquartered in Port Washington, New York. https://actylis.com/

About New Mountain Capital

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit and net lease investment strategies with approximately $50 billion in assets under management. New Mountain Capital seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit https://www.newmountaincapital.com/.

Media Contact:

Actylis

Paul Staunton

pstaunton@actylis.com

New Mountain Capital

Dana Gorman

H/Advisors Abernathy

dana.gorman@h-advisors.global

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Hudson Yards Experiences Appoints Andrew Lustgarten As Executive Chairman

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KKR

Expands Senior Leadership Team with Hires of Francesca Merlino as Chief Commercial Officer and Joseph Wittmann as General Manager

 

NEW YORK—June 3, 2024—Hudson Yards Experiences (“HYE”), operator of Edge (the highest indoor/outdoor sky deck in the Western Hemisphere), CityClimb (the world’s highest aerial adventure course) and Peak (restaurant, bar and private event business), today announced the appointment of longtime entertainment, media and sports executive, Andrew Lustgarten, to the new role of Executive Chairman of HYE.

Joining HYE’s newly created senior leadership team headed by Mr. Lustgarten are Francesca Merlino as Chief Commercial Officer and Joseph Wittmann as General Manager. The new appointments bolster HYE’s strong operating capabilities and team, positioning HYE’s portfolio of marquee New York City attractions for continued growth and success.

“HYE presents a tremendous opportunity to build upon a portfolio of already distinguished New York brands,” said Mr. Lustgarten. “Edge offers a unique experiential destination that we will continue to position at the forefront of New York City’s live entertainment market through fresh experiences and partnerships that make it a must-visit destination for locals and visitors alike.”

“Andy’s proven track record of building businesses, driving synergies across multi-venue operating portfolios, and orchestrating inventive consumer activations uniquely position him to lead Edge’s multifaceted business,” said Blaine MacDougald, Partner and Co-Head of KKR’s Strategic Investments Group. “We are delighted to unveil HYE’s newly created senior leadership comprised of executives behind some of the world’s most successful entertainment properties.”

“Hudson Yards’ success is a testament to the visionary talent driving every aspect of the neighborhood, and our commitment to continually investing in forward-thinking leaders like Andy,” said Mike Gilbane, Senior Vice President, Related Companies. “Edge is one of New York City’s most recognizable experiences and we look forward to leveraging Andy’s unparalleled entertainment expertise, alongside our impressive group of new and existing team members, as we continue to grow the business.”

Biographies of HYE’s new senior leadership team:

Andrew Lustgarten, Executive Chairman

 

Mr. Lustgarten is an Executive Advisor to KKR focused on sports and entertainment investment opportunities and was most recently CEO and President of Madison Square Garden Sports Corp. and President of Madison Square Garden Entertainment Corp. where he oversaw the overall business strategy and day-to-day operations for the Companies’ wide range of entertainment franchises, including the New York Knicks, New York Rangers, and Radio City Rockettes as well as world-class venues Madison Square Garden, Radio City Music Hall, The Hulu Theater, The Beacon Theatre, The Chicago Theater, The LA Forum and the development of first-of-its-kind, entertainment venue, Sphere. He was also responsible for leading efforts to identify new initiatives and investments to advance the Companies’ business, such as driving numerous landmark marketing partnership deals across MSG’s portfolio, overseeing MSG’s acquisition of Tao Hospitality Group and Hakkasan and investments in DraftKings and Townsquare Media.

Mr. Lustgarten remains a member of the MSG Sports board of directors and is a member of Parella Motorsports Holdings board of directors.  Prior to joining Madison Square Garden’s family of companies, Mr. Lustgarten held senior positions at the NBA and Cablevision. He also previously served on the board of governors for the NBA and the NHL, the board of directors of Tao Group Hospitality, Boston Calling Music Festival, Tribeca Film Festival and Counter Logic Gaming. He is also Chairman of the Board of the Lustgarten Foundation, the world’s largest private funder of pancreatic cancer research.

Francesca Merlino, Chief Commercial Officer

Mrs. Merlino will join HYE in July from Hornblower Group where she serves as Chief Marketing Officer and is responsible for engaging over 22 million visitors annually across a global portfolio of travel and experience offerings. At Hornblower, she oversees the organization’s marketing strategy, communications, brand, digital, revenue optimization, and analytics teams. Before Hornblower, she spent seven years at The Madison Square Garden Company overseeing media planning and marketing for a diverse array of entertainment and sporting franchises including the Radio City Rockettes, the New York Knicks, and the New York Rangers, as well as over 250 events annually across MSG’s iconic New York and Chicago venues. She spent the first six years of her career in marketing at the Solomon R. Guggenheim Museum. She is a graduate of Fordham University.

Joseph Wittmann, General Manager

Mr. Wittman has over 20 years of experience directing some of the U.S.’s most iconic venues and attractions, including over a decade at The Madison Square Garden Company where he managed renowned performance venues including the 3,600 seat Chicago Theatre and 2,900 seat Beacon Theatre. He spent nearly five years at The Shed, a multi-disciplinary non-profit cultural intuition at Hudson Yards, where he oversaw facilities and operations.

About Hudson Yards Experiences:

Hudson Yards Experiences operates Edge, CityClimb and Peak on behalf of a joint venture ownership group led by KKR and Related.

Edge is the highest indoor/outdoor sky deck in the Western Hemisphere offering unparalleled 360-degree views of New York City’s iconic skyline. Rising 1,131 feet in the air and extending out 65 feet from the 100th floor of 30 Hudson Yards, the outdoor viewing area features a thrilling glass-floor, angled glass walls and outdoor skyline steps from the 100th to 101st floors. The venue’s cantilevered terrace is an iconic part of the New York’s skyline and is featured regularly in film and media worldwide. For more information, please visit: https://www.edgenyc.com/.

CityClimb is the highest open-air building ascent in the world. The aerial adventure course allows guests, secured by harness and escorted by certified guides, to scale the outside of a skyscraper more than 1,200 feet above ground, then lean out and look down from the highest outdoor platform in New York City. For more information, please visit: https://www.edgenyc.com/en/cityclimb.

Peak’s roughly 10,000 square foot restaurant, bar, café and private event space is located on the 101st Floor overlooking Edge. For more information, please visit: https://www.peaknyc.com/.

Media Contacts:

KKR

Miles Radcliffe-Trenner
(212) 750-8300
media@kkr.com

Related Companies

Kathleen Anne Corless
(212) 801-1000
communications@related.com

 

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Categories: People

FSN Capital announces three partner promotions

Fsn Capital

FSN Capital Partners (“FSN Capital”) is proud to announce the election of three new partners, recognizing their significant impact on the firm and their contribution to promoting FSN Capital’s ethos and values.

Eskil Koffeld and Niclas Thiel have been elected Partners, and Knut Røsjorde has been elected Operating Partner. The promotions take effect at the end of 2024, bringing FSN Capital’s partner group to 14 across offices in Oslo, Stockholm, Copenhagen and Munich.

Eskil Koffeld, based in Oslo, joined the firm in 2015 as an Associate, with prior experience in investment banking. He plays a key role in the firm’s Services sector strategy. From 2019 to 2020, he contributed to developing FSN Capital’s presence and track record in the DACH region, on secondment in Munich.

Niclas Thiel, based in Stockholm, joined FSN Capital in 2016 as an Investment Director, with prior experience in private equity and investment banking. Niclas is responsible for the firm’s Industrials sector strategy and was previously responsible for resource allocation of the investment advisory team.

Knut Røsjorde, based in Oslo, joined FSN Capital in 2018 as CFO, where he has played an important role in building structural capital in both the firm and in advising the FSN portfolio. Since April 2024, Knut has also led the FSN Execution Framework (FEF) team, a team of 20 in-house operating professionals. Knut is a member of the firm’s Portfolio Performance Committee (PPC) and Valuation Committee.

Robin Muerer and Ulrik Smith, Co-Managing Partners at FSN Capital, said: “Electing new partners is one of the most important decisions we take as a firm and as a partnership. For all promotions in the firm, we consider two dimensions: impact and values. In addition to their strong impact and contribution to the firm, all three new elected partners are true role models when it comes to living our firm values and leading their teams.”

 

About FSN Capital

Established in 1999, FSN Capital is a leading Northern European private equity firm and investment advisor to the FSN Capital Funds. FSN Capital has a team of more than 90 professionals across Oslo, Stockholm, Copenhagen, and Munich. Our ethos, “We are decent people making a decent return in a decent way” defines our core values.

The FSN Capital Funds have more than €4 billion under management and make control investments in growth-oriented Northern European companies, to support further growth and to transform companies into more sustainable, competitive, international, and profitable entities.  The FSN Funds are committed to being responsible investors and having a positive environmental and social impact across its portfolio while achieving market-leading returns. The FSN Funds are supported by 14 executive advisors with extensive industry experience.

Learn more about FSN on our website: www.fsncapital.com

Categories: People

CapMan Growth appoints Timo Larjomaa as Senior Advisor

Capman

CapMan Growth appoints Timo Larjomaa as Senior Advisor

Timo Larjomaa has been appointed as Senior Advisor for the CapMan Growth team. Timo has long experience in international asset management from Intermediate Capital Group (ICG), where he worked for many years, most recently as Managing Director, Head of Nordics. Timo currently works as a private investor and is a co-investor in CapMan Growth’s companies Silmäasema and Fennoa.

“Timo brings us valuable know-how related to international business, larger-scale business operations and especially software business and healthcare services. We have already had the pleasure of working with him on several joint projects,” says CapMan Growth’s Managing Partner Antti Kummu.

CapMan Growth is the leading Finnish growth investor making significant minority investments in entrepreneur-led growth companies with revenues ranging between €10–200 million. We offer entrepreneurs an alternative to selling the majority of their business by facilitating a partial exit while also supporting growth and internationalisation. We have been part of building companies such as Coronaria, Cloud2, Digital Workforce, Fennoa, Fluido, Neural DSP, Picosun, Sofigate, Silmäasema and Unikie.

For more information, please contact:

Antti Kummu, Managing Partner, CapMan Growth, +358 50 432 4486

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

Categories: People

Blackstone appoints Philip Sherrill as Global Head of Insurance

Blackstone

NEW YORK – May 7, 2024 – Blackstone (NYSE:BX) today announced the appointment of Philip Sherrill as Global Head of Insurance. In his new role, Mr. Sherrill will focus on growing the firm’s insurance platform globally, working closely with Gilles Dellaert, Global Head of Blackstone Credit & Insurance.

Blackstone’s insurance platform has tripled in size since 2020, recently surpassing $200 billion in assets under management. The platform leverages the firm’s scale and breadth to serve Blackstone’s insurance clients, to drive stronger long-term performance, and, ultimately to meet the needs of more policyholders.

Gilles Dellaert, Global Head of Blackstone Credit & Insurance, said: “We are very pleased to welcome Phil to Blackstone as Global Head of Insurance. Our credit and insurance business is experiencing enormous growth momentum, and we see a significant opportunity set ahead of us. Phil’s experience and expertise will be instrumental in taking our platform’s growth to the next level.”

Philip Sherrill said: “Blackstone has an unparalleled platform and an exceptional record of client service, putting it in a unique position to deliver value to insurance companies. I am privileged to become a part of this team and I look forward to joining Blackstone.”

Mr. Sherrill was previously Chief Strategy Officer at Global Atlantic Financial Group, where, for more than a decade, he led corporate strategy, mergers and acquisitions, capital raising, and other strategic initiatives across business lines, serving on the firm’s Management Committee, Investment Committee, Operating Committee, Risk Committee, and Capital Committee, among other leadership roles. Mr. Sherrill worked at Goldman Sachs prior to Global Atlantic’s separation from Goldman, and holds an A.B. in Social Studies from Harvard College.

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Contact
Felix Lettau
+44 (0) 7587 020 020
Felix.Lettau@Blackstone.com

Categories: People

Mobysoft expands executive management team

ECI

Mobysoft has expanded its executive management team with the appointment of Chris Fleck, Chief Technology & Product Officer, Paul Jackson, Chief Marketing Officer, and Nicola Brazewell, Chief People Officer.

The move forms part of Mobysoft’s ambitious growth plans, with each new member bringing a wealth of knowledge and insight to their respective areas of the business.

Left to right: CTPO, Chris Fleck, Paul Jackson, CMO and Nicola Brazewell, CPO

Chris Fleck joins Mobysoft from LandTech, a global PropTech business serving thousands of property developers in the UK and USA, where he was CTO for the last three years. Prior to LandTech, Chris spent 10 years as CTO in other fast growing SaaS businesses.

Paul Jackson has over 30 years’ experience in B2B technology and professional services marketing, spanning several markets and global regions. Paul joins Mobysoft from Clinisys, where, as CMO, he led the marketing evolution over the last three years.

Nicola Brazewell joins Mobysoft from Interactive Investor where she was Head of People. Prior to that, Nicola was Head of HR, Northern Europe at Hilti, for eight and a half years. Nicola has over 25 years of HR experience, covering the financial services, construction and FMCG sectors.

I am delighted with our three new executive appointments, all of whom bring a wealth of additional senior management experience to our 100 strong Mobysoft team.”

Paul Evans

CEO, Mobysoft

Chris, Paul and Nicola are all highly experienced additions to the Mobysoft executive team.  I’m looking forward to working with them as the business continues its exciting growth journey.”

Stephen Roberts

Partner, ECI

ECI announce close of latest fund

Categories: People

Annica Bresky and Henrik Jonsson elected new Board members of Nordstjernan AB

Nordstjernan

At today’s Annual General Meeting of Nordstjernan AB, the following Board members were re-elected: Viveca Ax:son Johnson (chairman), Axel Mörner (vice chairman), Johan Blomquist and Peter Leimdörfer. Tomas Nicolin and Christoph Vitzthum have declined re-election. Annica Bresky and Henrik Jonsson were elected as new members of Nordstjernan’s Board.

Annica Bresky has a civil engineering degree from Uppsala University and an Executive MBA from the M group/School of Economics in Stockholm. Annica has extensive experience from Swedish industrial companies and previously held roles at Holmen and Stora Enso where she also was CEO from 2019 to September 2023. Annica Bresky is currently a member of the Royal Academy of Engineering Sciences (IVA) and a member of the Boards of the wind power company Ørsted and in the technology and sensor company Vaisala.

 

Henrik Jonsson has a civil engineering degree from KTH and has completed Diploma training for financial analysts (CEFA) at the Stockholm School of Economics. Henrik Jonsson has broad experience from investments, asset management and Board work. Since 2020, he has been CEO of Interogo Holding, a position he will leave in August 2024. Before that, Henrik Jonsson was Chief Investment Officer for Interogo Holding between 2018 and 2020, CEO of Nalka Invest between 2009 and 2018 and before that CEO of Catella Investments.

 

“We are very happy to have been able to attract both Annica and Henrik to our Board. Annica’s solid experience from large industrial companies and Henrik’s many years of experience in international investment activities are excellent additions to our Board,” says Viveca Ax:son Johnson, Chairman of the Board, Nordstjernan. “I also want to take this opportunity to thank both Tomas Nicolin and Christoph Vitzthum for their many years of work for the company”.

Questions answered by:
Tor Krusell, media contact Nordstjernan
Mobile: +46 70 543 87 47
E-mail: tor.krusell@nordstjernan.se

 

 

Nordstjernan is predominantly owned by the Axel and Margaret Ax:son Johnson Foundations. Since its establishment in 1890, Nordstjernan has owned and developed hundreds of companies in a range of industries. Today, Nordstjernan has investments in more than 20 companies in five sectors. Together, these companies have sales of SEK 120 billion and employ more than 50,000 people. Read more on www.nordstjernan.se.

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Categories: People

Red Oak Compliance Solutions Welcomes Dave Dutch as CEO

Mainsail partners

Dutch Brings More Than Three Decades of Leadership Experience in Software, Financial Technology and Compliance.

AUSTIN, TexasMay 1, 2024 /PRNewswire/ — Red Oak Compliance Solutions, a leading provider of regulatory compliance software for the financial services industry, announced today that Dave Dutch has joined the company as Chief Executive Officer and as a board member. Dutch joins Red Oak to lead the company through its next stage of growth. Joining him is Tripp Neville, newly appointed as the company’s Chief Revenue Officer. Co-founder and former CEO, Stephen Pope, will remain on the board and focus on strategic initiatives.

“I am excited and honored to be Red Oak’s new CEO at such a transformative time for the company,” Dutch said. “There is a growing need for compliance solutions specific to financial institutions, and we see an opportunity to continue to inject deep subject matter expertise into our software platform. This is a unique opportunity to continue shaping the way financial services firms manage their compliance programs using a platform that is already trusted and respected by hundreds of organizations globally.”

 

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Dutch brings a wealth of experience as a seasoned SaaS executive, having successfully scaled several growth-stage businesses in previous roles. Dutch’s background includes CEO positions at Paylease and OrderMyGear and extends to many board roles at SaaS companies like Clubspeed, Raken, and Trakref.

“Dutch’s track record of energizing and strategically leading high growth software companies align perfectly with Red Oak’s trajectory. We are pleased to welcome Dave to the team,” said Romir Bosu, who serves as the Executive Chairman of the board and has worked closely with Dutch at multiple companies over the past decade.

“Dave’s vast experience in financial technology, SaaS and compliance will be invaluable as Red Oak continues to build on its momentum and capitalize on the compliance market opportunity,” said David Farsai, Partner at Mainsail Partners, the growth equity firm that invested $51 million into Red Oak in June 2023.

Founded in 2010, Red Oak has distinguished itself by providing intelligent software solutions to global financial services and insurance industries, underpinned by a customer-centric culture. Co-founder, Stephen Pope, who was serving in the role of CEO prior to Dutch joining, says the company has been steadfast in its commitment to customers, consistently refining its product roadmap in response to customer needs and feedback, while aiming to stay ahead of innovation trends.

“With Dave Dutch at the helm, I am confident we will be able to deliver an even more powerful suite of compliance products to our valued customers. His industry expertise, his reputation as a fantastic and inspirational leader and his demonstrated commitment to thoughtful growth all strongly align with our core values,” says Pope.  Pope will continue to be involved in strategic initiatives and serving as a board director.

Since receiving a $51 million investment from Mainsail Partners in June 2023Red Oak has experienced meaningful scale and recently completed the strategic acquisition of SiteQuest, a comprehensive intelligent compliance monitoring and website surveillance software firm, which significantly expanded the breadth of Red Oak’s product offerings. In addition, Red Oak has scaled its product and engineering teams and has launched a stack of innovative AI-powered ancillary compliance products, leading to the company being named to the AI FINTECH 100 list in 2023.

About Red Oak
Red Oak Compliance Solutions is a global advertising review software in the financial services and insurance industries, serving over 1,800 firms globally, ranging from single-state advisors to over half of the top 20 asset managers. Their flagship advertising compliance review software offers quick implementation timelines and agile technology that is 100% Books and Records/WORM compliant.

Clients of Red Oak typically see 35% faster approvals and 70% fewer touches, with many experiencing even better results. Overall, Red Oak allows firms to minimize risk, reduce costs, and increase compliance review process effectiveness and efficiencies. To learn more about Red Oak Compliance Solutions, visit www.redoakcompliance.com or follow them on LinkedIn.

About Mainsail Partners
Mainsail Partners is a growth equity firm that partners with founders of bootstrapped software companies to help them realize their potential. For more than 20 years, Mainsail has been helping management teams navigate the challenges and opportunities that come with rapidly scaling a software company. The firm includes women and men who are former software company operators who have seen these challenges first-hand. Mainsail offers assistance across various functional areas, including talent, finance, customer success, sales and marketing, product management, and R&D. With offices in Austin and San Francisco, the firm has raised over $2.2 billion in committed capital and invested in more than seventy companies. For more information, visit www.mainsailpartners.com or follow the firm on LinkedIn.

CONTACT: Amy Watsonawatson@redoakcompliance.com

SOURCE Red Oak Compliance Solutions

Categories: People