For investors

For investors

Governance and group management

Group governance policies

The aim of our governance policies is to build trust and create value for our investors, customers, and employees.

Group management

A company’s most valuable assets are its employees. With the guidance and leadership of our experienced management team, our employees are able to grow and perform their best every day.

Our management team has both varied and extensive experience across companies and industries – making it well equipped to lead Visma into the future as an international leader in cloud software.

Merete Hverven

Merete Hverven

Chief Executive Officer

As CEO, Merete Hverven dedicates her time to ensuring the continued growth and success of Visma.

Merete Hverven
Merete Hverven
Chief Executive Officer
Stian Grindheim

Stian Grindheim

Chief Financial Officer

As CFO, Stian ensures that Visma maintains world-class financial control across the organisation. His primary responsibilities include financial control, planning and analysis, as well as overseeing financial reporting to investors and lenders.

Stian Grindheim
Stian Grindheim
Chief Financial Officer
Steffen Torp

Steffen Torp

Chief Commercial Officer & Segment Director, Ecosystem

As CCO and Segment Director of Ecosystem, Steffen is in charge of Visma’s international portfolio, growth strategy, and implementation. In his role, he’s responsible for keeping up Visma’s unique history of profitable organic growth year after year – with a rich web of companies and products.

Steffen Torp
Steffen Torp
Chief Commercial Officer & Segment Director, Ecosystem
Ellen Furru

Ellen Furru

Chief Operations Officer

As COO, Ellen is responsible for initiatives driving operational excellence. With her extensive experience from different parts of the Visma Group, Ellen is building a scalable group structure to support companies across Visma to improve their profitability and ensure continued growth.

Ellen Furru
Ellen Furru
Chief Operations Officer
Ari-Pekka Salovaara

Ari-Pekka Salovaara

Segment Director, Small Businesses

As Segment Director, Ari-Pekka is responsible for Visma’s rapidly growing small business segment in continental Europe with 1.4 million customers. The small business segment is focused on delivering top SaaS accounting and payroll solutions for small and medium businesses.

Ari-Pekka Salovaara
Ari-Pekka Salovaara
Segment Director, Small Businesses
Yvette Hoogewerf

Yvette Hoogewerf

Segment Director, Medium Businesses

As Segment Director, Yvette drives Saas growth and scalability within our organisations and offerings for medium and large enterprises. With her extensive understanding of ERP and payroll processes in this segment, she enhances what Visma companies have to offer within core business and employee processes, ERP, and HRM. Her responsibilities also include strengthening the wide network of partners who sell, implement, and connect with Visma solutions.

Yvette Hoogewerf
Yvette Hoogewerf
Segment Director, Medium Businesses
Kasper Lyhr

Kasper Lyhr

Segment Director, Public

As Segment Director for public sector, Kasper is responsible for increasing our presence in the Nordics, with cloud transformation projects and SaaS solutions. Kasper’s responsibilities include leading the segment management team, developing the segment strategy, and setting budgets. He also has chair and board positions in a number of boards across the segment.

Kasper Lyhr
Kasper Lyhr
Segment Director, Public
Alexander Lystad

Alexander Lystad

Chief Technology Officer

Since Alexander joined Visma in 2012, his main focus has been modernising how we build, deliver and operate innovative cloud software that meets our customers’ needs. This includes adoption of continuous delivery practices, DevOps organisation and culture, use of public cloud technology and removing friction to increase engineering performance.

Alexander Lystad
Alexander Lystad
Chief Technology Officer
Sindre Talleraas Holen

Sindre Talleraas Holen

Chief Mergers & Acquisitions Officer

As Chief M&A Officer, Sindre is responsible for coordinating all M&A related processes for the entire Visma Group, across all segments and geographies.

Sindre Talleraas Holen
Sindre Talleraas Holen
Chief Mergers & Acquisitions Officer
Lars Ottersen

Lars Ottersen

Chief Risk Officer

As CRO, Lars ensures that Visma maintains an appropriate risk level within our organisation and services. His primary responsibility is to ensure that Visma and our services are secure and fulfil all necessary compliance and legal requirements.

Lars Ottersen
Lars Ottersen
Chief Risk Officer
Merete Hverven

Merete Hverven

Chief Executive Officer

Stian Grindheim

Stian Grindheim

Chief Financial Officer

Steffen Torp

Steffen Torp

Chief Commercial Officer & Segment Director, Ecosystem

Ellen Furru

Ellen Furru

Chief Operations Officer

Ari-Pekka Salovaara

Ari-Pekka Salovaara

Segment Director, Small Businesses

Yvette Hoogewerf

Yvette Hoogewerf

Segment Director, Medium Businesses

Kasper Lyhr

Kasper Lyhr

Segment Director, Public

Alexander Lystad

Alexander Lystad

Chief Technology Officer

Sindre Talleraas Holen

Sindre Talleraas Holen

Chief Mergers & Acquisitions Officer

Lars Ottersen

Lars Ottersen

Chief Risk Officer

Board and owners

Our Board of Directors supports our Management team and oversees the organisation’s operations and strategy.

Ten international investors own Visma

These shareholders have co-investors comprising large Nordic and international pension funds. The Management team and a group of employees also own a total of 6.6%.

Hg

54.8

%

GIC

18.1

%

CPP Investments

6.1

%

Warburg Pincus

4.7

%

ICG

3.3

%

TPG

3.1

%

General Atlantic

1.7

%

Folketrygdfondet

0.6

%

Aeternum

0.6

%

Vind

0.4

%

Board of Directors

Øystein Moan

Executive Chairman

As CEO from 1997-2020, Moan led Visma to become one of the most innovative companies in the Nordic region. He took the company from 300 to more than 11,000 employees and increased revenue from EUR 30 million to over EUR 1.5 billion.

Nic Humphries

Director

Nic is the Senior Partner and Executive Chairman of Hg and Head of the Saturn fund. He has ultimate responsibility for Hg’s strategy, management and governance. He focuses on larger software investments that provide daily-use mission-critical applications for accountants, lawyers, tax/compliance professionals and designers/engineers/scientists.

Irina Vartic

Director

Irina is a member of the Saturn team at Hg. She joined Hg in 2018, after working for more than three years in the UBS EMEA TMT Investment Banking team where she advised clients on M&A, debt and equity transactions. Irina holds an MSc in Finance from University of Paris Dauphine and Sorbonne, and speaks fluently English, French, Russian and Romanian.

Hanna Jacobsson

Director

Hanna Jacobsson is an independent board member in Visma, and chair of the audit and risk committee. She also serves on the Board of Skandia, IFS, wefox and Advisense. Before that she was the CRO at Klarna, and has also held different CFO positions within the financial services industry.

Henry Ormond

Director

Henry Ormond is Head of the European Direct Investments Group for GIC, focused on direct investments in Europe across a range of industries.

Richa Sirohi

Director

Richa Sirohi is Managing Director for Direct Private Equity at CPP Investments, and responsible for leading private equity investments in the Technology sector in Europe. At CPP, Richa has lead/co-lead investments in Visma, Octopus Energy – Kraken Technologies, and Aareal Bank/Aareon Software. Prior to joining CPP in 2019, Richa was an Investment Director in the Direct Private Equity team at CDC Group, where she led growth equity and significant minority investments in growth markets of Asia and Africa with a particular focus on technology, consumer, and healthcare sectors.

David Toms

Director

David is Head of Research at Hg, leveraging over two decades of technology sector experience to provide broad market context to Hg’s deep cluster knowledge, researching how market trends and data impact new investment opportunities, existing portfolio companies, and potential exits. David holds an MA in Natural Sciences from the University of Cambridge.

Merete Hverven

Director and CEO

Hverven is the CEO of Visma as of March 31st, 2020. Since joining Visma in 2011, she has been driving strategy, acquisitions and change management leading up to her appointment as Deputy CEO in 2018.

Owners

Hg

Owns 54.8% of Visma.

Established in 2000, HgCapital is a leading investor in the European private equity market. It is the successor to Mercury Private Equity (founded in 1985), which was acquired by Merrill Lynch in 1997. In December 2000, Mercury Private Equity staff acquired the business from Merrill Lynch and renamed it Hg.

GIC

GIC owns 18.1% of Visma.

GIC is a leading global investment firm established in 1981 to manage Singapore's foreign reserves. A disciplined long-term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including equities, fixed income, private equity, real estate and infrastructure.

CPP Investments

CPP Investments owns 6.1% of Visma.

As a professional investment management organisation, it invests funds not needed by the Canada Pension Plan (CPP) to pay current benefits in the best interests of 20 million contributors and beneficiaries. In order to build a diversified portfolio, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments.

Warburg Pincus

Warburg Pincus owns 4.7% of Visma.

Established over 50 years ago, the firm specialises exclusively in private equity, with a globally integrated partnership that ensures resources are committed to the success of each portfolio company. Regardless of an investment’s stage of development, industry focus or geography — the right people, with the right experience, are available to every entrepreneur and management team.

ICG

ICG owns 3.3% of Visma.

As markets have evolved and developed, ICG's core investment approach has always been based on being local, expert and entrepreneurial. Since 1989, they have been committed to supporting business owners, developing new investment strategies for fund investors and delivering shareholder value.

TPG

TPG owns 3.1% of Visma.

The private equity firm focuses on growth and venture capital, public equity, and debt investments. Since 1992, TPG has managed investments in a range of industries including consumer and retail, media and telecommunications, industrials, technology, travel, leisure, and health care.

General Atlantic

General Atlantic owns 1.7% of Visma.

As a global growth equity investor, General Atlantic partners with leading entrepreneurs and innovative growth companies to deliver value for institutional capital partners. Since 1980, we have identified disruptive businesses with transformative potential and helped them scale globally by leveraging our patient capital, operational expertise and global platform.

Folketrygdfondet

Folketrygdfondet owns 0.6% of Visma.

The fund is a professional investment manager whose main task is to manage the Government Pension Fund Norway on behalf of the Ministry of Finance. Folketrygdfondet is a responsible, active investor with a long investment horizon with the aim to achieve high financial returns over time. Its investment mandate has a benchmark allocation of 60% in equities and 40% in fixed income, with 85% in Norway and 15% in the other Nordic countries. Folketrygdfondet is the largest institutional investor on the Oslo Stock Exchange, owning around 5% of the market capitalization corresponding to approximately 10% of the free float.

Aeternum

Aeternum owns 0.6% of Visma.

The firm is an alternative investment manager with a strategy to invest in public and private companies across the Nordic region. The main focus of the investment strategy is to apply an active ownership model to drive sustainable value creation in quality companies in the Nordics.

Vind

Vind owns 0.4% of Visma.

The firm is a private owner company specialising in software for professionals, laboratory science and niche technology. Investments are made in private and listed companies across Europe. At present, Vind is the majority owner in seven companies and has a concentrated portfolio of minority positions in listed and large private companies. Vind has an eternal perspective and seeks to partner with exceptional businesses with the potential for creating value in the longest term.

Visma Management

Visma management and a group of employees have 6.6% ownership in the business.

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