New CEO at Investinor
Terje Eidesmo has been appointed CEO of Investinor AS. Eidesmo brings extensive experience from Norwegian and international business as a CEO, an entrepreneur and academic. He succeeds Haakon H. Jensen who left his role earlier this year.
Most recently, Eidesmo was CEO at Scale-AQ (formerly Kverva Technology). He also has experience from the Venture Capital industry as Managing Partner of ProVenture, an early stage investor focused on energy technology. Prior to that, he held several positions in Equinor ASA and was a Professor of Petrophysics at NTNU. Eidesmo is probably best known for having established, led and developed EMGS ASA from its conception to an IPO valued at around USD 1,5 billion.
– Eidesmo brings a wider perspective to Investinor. As an inventor, entrepreneur and CEO, he has first-hand experience from the ups and downs involved with bringing a start-up from conception to unicorn status. He has a broad experience base and is a strategic, energetic and wise leader, says the Chairman of Investinor, Thomas Falck.
– Investinor plays a decisive role in developing the next generation of Norwegian growth companies. It provides competent capital and has access to a wide network of expertise. Investinor partners with Norwegian and international investors who invest in the Norwegian early phase market. The company also has a strong team that I am looking forward to working with in the years to come, says Eidesmo.
Investinor is a Norwegian investment company funded and owned by the Norwegian State. Investinor manages around USD 500 million and currently has a portfolio of 60 companies. Investinor invests in some of the most promising Norwegian start-ups and scale-ups that aspire to become internationally leading. The company is headquartered in Trondheim, where Eidesmo resides and has built his career.
– We are moving into a phase where the focus will shift to increasing value creation in our portfolio. Investinor builds the businesses of tomorrow, and we work closely with co-investors, founders and management to develop businesses and create strong returns for our owner. The board welcomes Eidesmo to the Investinor team and is looking forward to collaborating with him in the future.
Eidesmo will start on October 1st, 2019.