Investment Manager
The principals of the Investment Manager are experienced professionals who combine extensive knowledge of international and local finance markets and practise with experience in making and developing forestry and timberland investments. In addition to the individuals detailed below, the Investment Manager also has a variety of individuals providing experience in such areas as tax, accounting and compliance in addition to core forestry experience.
The Forest Company has entered into the Investment Management Agreement with the Investment Manager Timber Capital under which the Investment Manager will be responsible for sourcing, evaluating, negotiating, completing and monitoring investments, in compliance with our Investment Policy and subject to the overall supervision of the Board. The Investment Manager will also advise the Board on the proposed divestment of investments and will be authorised to give effect to their implementation.
J. Harald Örneberg, Director and CEO
J. Harald Örneberg (aged 45) has been a principal and shareholder of the Investment Manager since co-founding 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. 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.
Sally-Anne Baron, Director and CFO
Sally-Anne Baron (aged 38), has been a director of the Investment Manager since it was founded in June 2007. Ms. Baron joined the Investment Manager as CFO in March 2009. Prior to joining the Investment Manager, Ms. Baron was a Director of the ORN Capital Management (Bermuda) Limited and Treasurer to the ORN Capital Group of Funds from October 2004. There she was responsible for fund financing, governance and service provider relationships with operational and legal oversight. From 1997 to 2004 Ms. Baron worked for Morgan Stanley, firstly with responsibility for cash-equity trade support including P&L and operational risk management and lastly as a Prime Brokerage client service representative responsible for all aspects of a wide range of hedge fund relationships. Ms. Baron received a BA (Hons) in Business from Manchester Metropolitan University, a Maitrise in Commerce Exterieur from L’IUP Clermont-Ferrand, France. Ms Baron is also an associate of the Chartered Institute of Management Accountants.
Johan Larsson, Forest Director
Johan Larsson (aged 37) has been a principal of the Investment Manager since July 2008. Mr. Larsson has in excess of 14 years experience in the forestry and financial sectors. Mr. Larsson has worked as a senior forest investment specialist at a private equity firm that is part of the Louis Dreyfus Group. From 2003 to 2007, Mr. Larsson worked as a consultant at Pöyry Forest Industry Consulting, the leading global management consulting company providing services to clients operating in the value chain from forest resources to the end-consumer. As part of the Forest Team Mr Larsson was based in London and supervised, managed and was involved in projects in Europe, Latin America, Africa and China. From 2001 to 2003, he worked as a sales representative at Baro Wood, a Swedish sawmill, where he was responsible for the launch of a new product line as well as sales of the existing product portfolio. Mr. Larsson is an owner and manager of forest assets in Sweden and his family has been in the forestry business in Sweden for 70 years, including saw milling, harvesting and forest management. Mr. Larsson holds an MSc in forestry and a major in business economics.
