Board of Directors

The board of directors is elected by the shareholders and employees to oversee the executive management of the company and to ensure that the long-term interests of the shareholders and other interested parties are being served.

The board of directors has ultimate responsibility for the management of the company and for supervising its day-to-day business and activities in general. Its main responsibilities are to determine and oversee the company’s overall vision, objectives and strategy. The board of directors also ensures that the company’s activities are well organised, keeping itself informed about the company’s financial situation and ensuring that the company’s risk exposure is handled by the management in an appropriate way.

Members of the Board

Tore Valderhaug (1960)
Chairman of the Board
Served since 2016

Tore Valderhaug is a financial advisor. He is a Norwegian State-Authorized Public Accountant with 10 years of external audit experience and close to 20 years’ experience as CFO in the Norwegian publicly listed companies Cermaq, EDB Business Partner, ASK Proxima, Ocean Rig and Unitor. Valderhaug has also been CFO and head of business development in the privately held PHARMAQ AS. In addition to his position in Q-Free ASA, he is currently a member of the board in the publicly listed companies Nordic Semiconductor ASA, Salmones Camanchaca S.A.,  as well as in the privately held Companies Optimar AS, in April AS and Remøy Group. Valderhaug is a Norwegian citizen and resides in Oslo, Norway. Valderhaug owns indirectly through Proventi AS 25,000 shares in Q-Free ASA.

Trond Valvik (1980)
Vice Chairman of the Board
Served since 2017

Trond Valvik is Investment Director and responsible for the business area of Direct Investments in Atlantis Vest. Atlantis Vest is the investment company of the Rieber family in Bergen, Norway. Valvik has previously been Partner in the Private Equity company Borea Opportunity. Working with investments and exercising active ownership for several years, Valvik possess significant Board experience from different industries. Valvik also has operational experience as interim leader in various companies in connection to restructuring and change processes, e.g. in the field of IT and software, where he acted as Group CEO of Software Innovation for a period. Valvik also has experience from transaction support and audit in EY. Valvik holds a MSc Business degree from the Norwegian School of Economics (NHH). Valvik represents 19,199,644 (21.52%) shares in Q-Free ASA, through his position in AS Atlantis Vest.

Ragnhild Wahl

Ragnhild Wahl (1967)
Board member
Served since 2015

Ragnhild Wahl is Head of R&D at Norwegian Railway Directorate. She was previously Head of R&D at Norwegian National Rail Administration and Research Director at SINTEF department of Transport Research. She is Chairman of the Board of ITS Norway, the member association for the ITS sector in Norway, since 2008. Wahl is currently member of the Board of Itema AS and of TRANSPORT 2025, the Research Council of Norway’s strategic program on research and innovation within the transport sector. Wahl holds a MSc in industrial economy and a PhD in transportation and logistics from the Norwegian University of Science and Technology (NTNU). Ragnhild Wahl is a Norwegian citizen and resides in Trondheim, Norway. Wahl has no shares in Q-Free ASA.

 

Snorre Kjesbu

Snorre Kjesbu (1969)
Board member
Served since 2016

Snorre Kjesbu is the Vice President and General Manager for the Collaboration systems and Video Technology Group (CVTG) in Cisco. He is responsible Cisco’s global video division. Before joining Cisco, Kjesbu was Senior Vice President for Tandberg’s Endpoint Product Division. Prior to Tandberg, he was at ABB responsible for wireless communications. Kjesbu and his team at ABB were awarded the Wall Street Journal Innovation award for their work on wireless sensors in 2002.

Kjesbu serves on the board of directors of several IT-companies, and holds more than 20 patents in the area of communications and video conferencing. He is frequently invited to speak at key events and was a guest lecturer at the Stanford Network Research Center at Stanford University. Kjesbu is a Norwegian citizen and resides in Oslo, Norway. Kjesbu has 39,505 shares in Q-Free ASA.

Ingeborg Molden Hegstad (1976)
Board member
Served since 2018

Ingeborg Hegstad has since 2015 been a partner in the consulting company Imsight, offering business, strategy and leadership advisory to executives, teams and organizations. She has 12 years of experience from McKinsey & Company where she was Associate Partner working with retail, telecom and IT. Hegstad has also been a management consultant at Egon Zehnder, where she worked with executive search, coaching of executives and teams, organizational development and board work. She has extensive experience from working internationally, with organizations and executives in many countries in Europe and Asia. Hegstad holds a Master of Business and Administration from Norwegian Business School BI (2000). She is also a member of the board of Cxense ASA. Ingeborg Molden Hegstad resides in Oslo, Norway. Hegstad owns indirectly through Imsight AS 24,600 shares in Q-Free ASA.

Rune Joraandstad

Rune Jøraandstad (1977)
Employee-elected Board member
Served since 2016

Rune Jøraandstad has been with Q-Free since 2009 and holds the position as Global Director Bid Management. Jøraandstad has a MSc in Electronics and Telecommunications from the Norwegian University of Science and Technology in Trondheim, Norway. Jøraandstad is a Norwegian citizen and resides in Trondheim, Norway. Jøraandstad has no shares in Q-Free ASA.

Olav Gulling (1980)
Employee-elected Board member
Served since 2018

Olav Gulling has been with Q-Free since 2006, and holds the position as R&D Manager Software in Service Line Tolling. Gulling holds a MSc in computer science from the Norwegian University of Science and Technology (NTNU). Olav Gulling is a Norwegian citizen and resides in Trondheim, Norway. Gulling has no shares in Q-Free ASA.