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
Sindre Talleraas Holen

Sindre Talleraas Holen

Director of Mergers & Acquisitions

Sindre is the Head of Mergers and Acquisitions in Visma. He is responsible for coordinating all M&A related processes for the entire Visma group – across all divisions and geographies.

Sindre Talleraas Holen
Sindre Talleraas Holen
Director of Mergers & Acquisitions
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
Ellen Furru

Ellen Furru

Chief Operations Officer

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

Ellen Furru
Ellen Furru
Chief Operations 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
Steffen Torp

Steffen Torp

Chief Commercial Officer

As Chief Commercial Officer, Steffen is in charge of Visma’s growth strategy and implementation. Growth is coming from investing in already successful business areas in the Visma group, and expanding by adding and nurturing new acquisitions into the Visma family.

Steffen Torp
Steffen Torp
Chief Commercial Officer
Ari-Pekka Salovaara

Ari-Pekka Salovaara

Segment Director, SMB

Ari-Pekka is Segment Director for SMB, where he holds responsibility for Visma’s rapidly growing SMB segment in the Nordics, Central and Eastern Europe. The SMB segment is focused on delivering top SaaS accounting and payroll solutions for small and medium businesses.

Ari-Pekka Salovaara
Ari-Pekka Salovaara
Segment Director, SMB
Kasper Lyhr

Kasper Lyhr

Segment Director, Public

Kasper is responsible for Visma’s Public segment with over 2,000 dedicated employees. He is also a board member of 14 companies, chairing nine of them.

Kasper Lyhr
Kasper Lyhr
Segment Director, Public
Alexander Lystad

Alexander Lystad

Chief Technology Officer

Alex has worked at Visma since 2012 in various roles and has for the last 2 years been leading the Cloud and Engineering department in Visma Tech Hubs.

Alexander Lystad
Alexander Lystad
Chief Technology Officer
John Reynders

John Reynders

Area Director, Benelux

As Area Director for Benelux, John leads Visma’s growth in the strategic and rapidly expanding markets of the Netherlands, Belgium and Luxembourg. His role as Director is to build the most complete portfolio of cloud solutions in FMS, HRM and eGovernment for companies and organisations of all sizes. John joined Visma in 2019 as country director for the Netherlands.

John Reynders
John Reynders
Area Director, Benelux
Merete Hverven

Merete Hverven

Chief Executive Officer

Sindre Talleraas Holen

Sindre Talleraas Holen

Director of Mergers & Acquisitions

Stian Grindheim

Stian Grindheim

Chief Financial Officer

Ellen Furru

Ellen Furru

Chief Operations Officer

Lars Ottersen

Lars Ottersen

Chief Risk Officer

Steffen Torp

Steffen Torp

Chief Commercial Officer

Ari-Pekka Salovaara

Ari-Pekka Salovaara

Segment Director, SMB

Kasper Lyhr

Kasper Lyhr

Segment Director, Public

Alexander Lystad

Alexander Lystad

Chief Technology Officer

John Reynders

John Reynders

Area Director, Benelux

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.

Jean-Baptiste Brian

Director

Jean-Baptiste is a partner, focusing on investments in software businesses, with a particular interest in SME and enterprise software.

Hafiz Lalani

Director

Hafiz Lalani is Managing Director of CPP Investments. He joined the company at its Toronto office in February 2006, subsequently moving to the company’s London office in 2013. He has worked on multiple direct private equity investments including AgCoA, Asurion, AWAS, Dorna, and ista. He currently serves on the board of GlobalLogic, Hotelbeds, Sportradar, and Visma.

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.

Zoe Zhao

Director

Zoe is a member of the Saturn team at Hg, focusing on large-cap investments in B2B software. She joined Hg in 2018 after six years at Bain & Co in Hong Kong & London, where she worked in private equity and TMT practices. Zoe holds an MBA from Stanford Graduate School of Business. She studied Computer Science and Electrical Engineering at Tsinghua University and Stanford University.

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.

Drag