▸ Management Team
Pål Dale – Managing Director
Pål Dale co-founded the Voxtra Foundation in 2008 and then initiated the Voxtra East Africa Agribusiness Fund in 2011. Previously, he worked for five years as a management consultant in The Boston Consulting Group. He is also trained as an officer in the Norwegian Army, and has served in the NATO operation in Bosnia & Herzegovina. He holds an MSc in Economics from the Norwegian University of Science and Technology. Pål currently serves on the board of Mtanga Farms Ltd and as the Chairman of the board of Biyinzika Poultry International Ltd.
Kyle Denning – Investment Director
Kyle Denning joined Voxtra in 2017 and is based in the Nairobi office. He has lived in Nairobi full time since 2010, initially focusing on the development and financing of grid-connected renewable energy projects and building a project finance advisory firm. Additionally, he has invested into and subsequently developed various agribusiness across Kenya, most notably what would become the leading coconut processor in the country. Kyle holds an MBA from IE Business School in Madrid and a BBA in International Business and Finance from Grand Valley State University in Michigan.
Joel Wanjohi – Investment Manager
Joel Wanjohi joined Voxtra in August 2015 and is based in the Nairobi office. Previously he spent 9 years at Industrial & Commercial Development Corporation (ICDC), a leading Development Financial Institution in Kenya. His prior role at ICDC was as a Principal Investment Officer, overseeing the Corporation’s equity and debt investments. He holds an MSC-Finance and a Bachelor of Commerce degree from the University of Nairobi. He is also a Certified Public Accountant and participates in the CFA® program.
Morten Henriksen – Finance Manager
Morten Henriksen has more than 30 years of experience from finance management from investment companies, including family offices Gill-Johansen; andAstrup Fearnley, and from corporate banking with Nordea. He holds a Postgraduate degree from BI Norwegian Business School.
▸ Board of Directors
Kim Wahl – Chairman
Kim Wahl is owner and Chairman of the Board of the investment firm Stromstangen AS since 2009. He is co-founder of the European private equity firm IK Investment Partners (formerly Industri Kapital). IK was founded in London in 1989 and Mr. Wahl was the company’s Partner and Deputy Chairman for 20 years. Prior to this he worked for Goldman Sachs in London and New York and for the Trade Commission of Norway in New York. Kim Wahl has served on the Board of Directors of European companies across a number of industries. He is presently board member of DNB Bank ASA, UPM Kymmene and Intermediate Capital Group plc. He holds an MBA from Harvard Business School and a bachelor in Economics from University of San Diego.
Stig Grimsgaard Andersen – Board Member
Stig Grimsgaard Andersen is Executive Chair and Partner of Holmen Industri AS, and chairs the boards of several companies including, Grieg Investor ASA, Silver Pensjonsforsikring AS and Goodtech ASA. He has previously been CEO of Aon Norden. He holds an MBA from the University of San Francisco.
Cecilie Andersland – Board Member
Cecilie Andersland is the General Manager of Gamma Capital AS. She is a board member of several of the investment management companies within the Sector Asset Management Group. She has previously worked for Deloitte/Coopers & Lybrand, Sparebanken NOR, Europay Norge and Sector Asset Management. She is a graduate in Business Administration and Finance from University of Utah, USA.
Tom Bergesen – Board Member
Tom Bergesen is a private investor with engagements in shipping, trade, real estate and other industries.
Hans Furuholmen – Board Member
Hans Furuholmen joined Voxtra in 2010 on a part time basis. Hans is the investment director of Furuholmeninvest. He has experience from investment banking, Credit Suisse in London, and private equity, EQT Partners AB in Stockholm, as well as operational experience from Findus AB in London. He is trained as an officer in the Norwegian army. He holds a BSc in Business Administration from Boston University.
Wollert Hvide, Jr. – Board Member
Wollert Hvide, Jr. is co-founder and partner of Sector Asset Management. He has previously worked for McKinsey & Co and R.S. Platou. He holds an MSc in Technology from the Norwegian University of Science and Technology and an MBA from INSEAD.
Reynir Indahl – Board Member
Reynir Indahl is a Partner at Altor Equity Partners, a private equity fund manager focused on the Nordic region. Prior to joining Altor in 2003, Mr. Indahl served as the CEO of Ignis Photonyx which he took public on the Oslo Stock Exchange. In addition, he has held senior positions at Kistefos AS and McKinsey & Company. He currently serves as the Chairman of the Board of Norsk Gjenvinning and Elixia, and board member of AGR, Helly Hansen, and Navico. Mr. Indahl has previously served on the board for Constructor Group, Lindorff, SPT Group, and Byggmax. He holds an MBA from Harvard Business School and a BSc from Wharton School at University of Pennsylvania.
Knut Nordenhaug – Board Member
Knut Nordenhaug is Investment and Finance Director of Gjensidigestiftelsen, one of Norway’s largest foundation with approx. USD 2 billion of financial assets under management. He has previously worked as a COO Storebrand Asset Management, CFO/Deputy CEO at Sparebank1 Livsforsikring and Head of Middle Office at Nordea Markets. He holds a Master of Science in Finance from BI Norwegian Business School as well as a degree from the University of Bergen.
▸ Investment Committee
Tellef Thorleifsson – Investment Committee Chair
Tellef Thorleifsson is co-founder and General Partner of Northzone Ventures, a leading Nordic technology-focused venture fund. Tellef has acted as Chairman of the Norwegian Venture Capital Association and board member of the European Venture Capital Association. He has previously worked within shipping, project development and politics. He holds an MSc from the Norwegian School of Economics and an MSc from London School of Economics.
Per Gerhard Jacobsen – Investment Committee Member
Per Gerhard Jacobsen is an Investment Director at Norfund, where he is involved in several of Norfund’s agriculture investments. His past experience includes many years in the cement industry, with roles such as President for Africa and as CFO/EVP for Scancem International (now Heidelberg Cement), and a stint at management consulting with Hartmark Consulting. He holds a postgraduate degree in business from the Norwegian School of Economics (NHH).
Mutuma Marangu – Investment Committee Member
Mutuma Marangu is an investor and Director in several forestry, energy and real-estate companies in sub-Saharan Africa, most notably the forestry company Green Resources AS. Marangu holds a BA in Economics from Vassar College, an MPhil in Economics & Politics from Cambridge and an MBA from the Wharton School. Prior to investing in Green Resources in 2003, he spent 12 years as a commodity trader at Glencore, having first worked 2 years at Morgan Stanley after Vassar College and Phillip Brothers immediately after Wharton.
Svein Wilhelmsen – Investment Committee Member
Svein Wilhelmsen is the chairman and founder of Basecamp Explorer, which since its founding in 1998 has become one of the world’s premier eco-tourism companies. Prior to this he co-founded and was a senior partner at the private equity company Industrifinans, for a period of 16 years. Svein Wilhelmsen also co-founded the Human Rights House in 1989 with the mission to protect, empower and support human rights organizations locally and unite them in an international network. He holds a post graduate degrees in business from the Norwegian School of Economics (NHH) and from the Thunderbird School of Global Management.
▸ Trusted Advisors
Gro Brækken is the CEO of the Norwegian Oil and Gas Association. Until 2009, she served as the CEO of Save the Children Norway for 10 years. Before that, she held top management positions in business, including as CEO of Ulstein International and as Regional Vice President of Den Norske Bank. From 1994 to 1999 she was in charge of industrial, environmental and international policy at the Confederation of Norwegian Enterprise (NHO). She has also served as member of several boards including Kongsberg Gruppen, Statkraft and Trade Commission of Norway. She holds an MSc in chemical engineering from the Norwegian Institute of Technology.
Jannik Lindbæk has served as Executive Vice President of the IFC (1994-99), CEO of Nordiska Investeringsbanken, CEO of Storebrand, Chairman of Statoil ASA and Chairman of Den norske bank ASA. He founded Transparency International Norway and became its first Chair. He currently holds a number of advisory and board roles, including at Plan Norway and the International Advisory Board of the East African Development Bank. He is a graduate of the Norwegian School of Business Administration and Economics.
Ambassador Jon Westborg
Amb. Jon Westborg has served as Norway’s ambassador to India, to Sri Lanka, and as Special Envoy to South Asia. As a consequence of his work in the area of development and humanitarian assistance Amb. Westborg has working experience from a number of countries in South Asia and Africa. He has held senior positions with Norad, worked as International Program Director at Save the Children Norway, and was the first Secretary-General of the Strømme Foundation – initiating their entrepreneur-development and microfinance programs in the late 1980s. He has also worked as General Manager of a large contracting firm in Zambia. He holds a postgraduate diploma from the Bergen School of Engineering and a Master of Philosophy from Cranfield School of Management, UK. He is a Knight Commander of the Royal Norwegian Order of Merit.
Ambassador Jorunn Mæhlum
Amb. Jorunn Mæhlum has served as Norway´s ambassador to Tanzania and as an Alternate Executive Director and Executive Director at the World Bank in Washington DC. She has fifteen years of experience from bilateral and multilateral development assistance from Norad, the Ministry of Development and Tanzania. She has worked as Assistant Director General in the Department of Political Affairs and as Director General in the Department for Africa, Latin- America, Asia and Middle East at the Ministry of Foreign Affairs. She has a graduate degree from the University of Oslo.