Board of Directors
Rainer Häggblom, Chairman and Non-Executive Director
Rainer Häggblom (aged 55) has participated in strategy and investment planning, and mergers and acquisitions assignments, in more than 50 countries and for a wide variety of companies. Mr. Häggblom joined the Jaakko Pöyry Group in 1984. In 1989, he was appointed Vice President of Corporate Investment Planning, in 1990 as Chief Operating Officer of the Consulting Division and in 1992 as President of Jaakko Pöyry Consulting Oy. In 1999, he was appointed Chairman and CEO of Jaakko Pöyry Consulting Oy. In 2006 the name of the company was changed to Pöyry Forest Industry Consulting Oy. In 2008, he left Pöyry in order to establish his own independent advisory company Häggblom & Partners. Mr. Häggblom has participated in a number of international conferences, and has published numerous articles on forestry and forest industry issues. He has also chaired several international forestry, pulp and paper, and business management conferences. Mr. Häggblom has participated in management training at INSEAD, Harvard and the Helsinki School of Business Administration.Mr. Häggblom is currently a director or Vaahto Group Ouj, Preseco Oy, Filterit Oy, Hunting Minds Oy, Carbatec Oy, Avilon Oy, Häggblom & Partners Ltd Oy, Prime Energy Power Ltd., and Linnunmaa Oy. Mr. Häggblom has worked on numerous plantation and industrial projects in Latin America and worldwide. He has participated in several major M&A assignments in Brazil, Uruguay, Colombia and Argentina.
Dr. Dermot Smurfit, Deputy Chairman and Non-Executive Director of the Company (non-independent) and Non-Executive Chairman of the Investment Manager
Dr. Dermot Smurfit (aged 67) has over 40 years of experience in the paper and packaging sector being formerly the Joint Deputy Chairman of Jefferson Smurfit Group PLC. Dr. Smurfit is the Chairman of Powerflute Oyj, a producer of semi-chemical fluting paper for the corrugated box industry based in Finland, and a producer of coated wood free paper for the general print and advertising markets based in Germany (the company floated on the AIM market in London in May 2007 and was subsequently dual listed on the First North market of the NASDAQ OMX Helsinki). Dr. Smurfit is also the Chairman of Eurolink Motorway Services Ltd, a toll road operator for one of the largest single toll roads in Ireland and Chairman of Cosmo Specialty Fibres Inc.. He is also the former Non-Executive Chairman of Peach Holdings Inc., a U.S. specialty finance company which floated on AIM in March 2006 and was subsequently acquired by a U.S. based financial institution in November 2006, the former Chairman of Anker PLC, an electronic point-of-sale company floated on AIM in November 2004 and subsequently bought in June 2005, the former Chairman of Pankaboard Oy, a Finnish manufacturer of paper, graphic and beer mat board, and a former Non-Executive Director of ACE Ltd, a major insurance/reinsurance company. Dr. Smurfit graduated from Oatlands College, Dublin in 1962 and Harvard Business School’s Advanced Management Program in 1991. Dr. Smurfit became an honorary Doctor of Business Administration for the International Management Centres in 1998.
Susan Lloyd, Non-Executive Director of the Company, Senior Independent Director and chair of the Management Engagement committee
Susan Lloyd (aged 70) has 30 years of experience in the private equity industry, initially as Managing Director of the European arm of Venture Economics, which at the time was the leading U.S. provider of information on the venture capital industry, and latterly as an independent placement agent for private equity funds. Since founding Susan Lloyd & Associates in November 1997, Ms. Lloyd has assisted in the placing of more than 10 funds with total committed capital in excess of £1.5 billion. Previously, from 1990 to 1997, she was Director of Investor Relations at Schroder Ventures where she was directly involved in raising £2.5 billion for 13 buyout and venture funds and was part of the team that listed Schroder Ventures International Investment Trust plc (now SVG Capital plc) on the London Stock Exchange in 1996. From 1992 to 1995, Ms Lloyd was also a member of the Board of the European Venture Capital Association (EVCA). Since moving to Guernsey in 1999, Ms Lloyd has served as nonexecutive director of a number of Channel Island-based funds. Ms. Lloyd sits on the board of Langholm Capital Parterns (Guernsey) Limited, Greenpark Capital Investment Management (Guernsey) Limited, VenCap 12 Limited, VenCap 10 US Limited, and VenCap 10 Euro Limited. Ms Lloyd holds an honours degree in Physics from Oxford University and is a Sloan Fellow of the London Business School. Ms. Lloyd is also chairman of the Company’s Management Engagement Committee.
J. Harald Örneberg, Non-Executive Director of the Company, Director and CEO of the Investment Manager
J. Harald Örneberg (aged 48) has been a principal and shareholder of the Investment Manager since establishing the firm in June 2007. Prior to forming the Investment Manager, Mr. Örneberg was the Founder and CEO of ORN Capital. From 1999 to 2005 Mr. Örneberg was manager of the ORN Event Fund and from 2002-2007 the manager of the ORN Multi-Strategy Fund. In June 2006, Mr. Örneberg sold ORN Capital to Aviva. Prior to forming ORN Capital, from 1997 to July 1999, Mr. Örneberg served as Vice President in the Merger Arbitrage group of Salomon Smith Barney. From 1992 to 1997, he was an investment manager at Industri Kapital (originally Enskilda Ventures, a division of SEB). From 1990 to 1992, Mr. Örneberg worked in the Mergers and Acquisitions group of Enskilda Securities, also a division of SEB. From 1986 to 1988, Mr. Örneberg was a Financial Analyst in the investment banking division at Salomon Brothers. Mr. Örneberg received an MBA from The Amos Tuck School of Business at Dartmouth College in 1990 and a B.Sc. in Monetary Economics from the London School of Economics in 1986. Mr. Örneberg has extensive experience in the Swedish forest industry, where he has managed forestry assets for the past 20 years. In addition, he has invested personally in Brazilian land assets since 2005.
Birgitta Johansson-Hedberg, Non-Executive Director of the Company and Chair of the Audit Committee
Birgitta Johansson-Hedberg (aged 64) has considerable experience in executive positions, the Nordic finance sector and the forestry and agricultural industries. Ms. Johansson-Hedberg has most recently been president and CEO of Svenska Lantmännen AB, one of the largest groups within food, energy and agriculture in Scandinavia. Prior to the position at Lantmännen, Ms. Johansson-Hedberg was president and CEO of Swedbank AB (publ) (formerly Förenings-Sparbanken AB), Sweden’s leading retail bank and the country’s fourth-largest bank. Ms. Johansson-Hedberg is currently active as a board member of Umea˚ University (Chairman), Rieber & Son ASA, Sveaskog AB, the Swedish Financial Supervisory Authority, Sveriges Radio AB, Vectura Consulting AB, Almi Stockholm AB, KSLA (The Royal Swedish Academy of Agriculture and Forestry) and P Pocketstället AB. Ms. Johansson-Hedberg holds a B.A. and is a registered psychologist from Lund University.