Hugo Maurstad

Hugo Lund Maurstad is an experienced investor and self-employed advisor with a diverse background in private equity and management consulting.12 He joined Altor Equity Partners in 2004 and was a Partner there until December 2021.23 Prior to Altor, Maurstad spent 13 years at McKinsey & Company, rising to the position of senior partner.3

Career Highlights

• Altor Equity Partners: Partner from 2004 to 2021, responsible for investments in companies such as Lindorff, Helly Hansen, Rossignol, Dale of Norway, EWOS, and Odlo.3
• McKinsey & Company: Worked for 13 years, ending his tenure as a senior partner in 2003.3
• Monte Rosa Capital: Currently serves as Managing Partner.23

Board Positions

Maurstad holds several prominent board positions, including:

• Chairman of SATS ASA12
• Chairman of XXL ASA3
• Chairman of D-Fetch3
• Chairman of Odlo3
• Director at Schibsted ASA (since 2021)2

Education and Personal

Hugo Lund Maurstad holds a Master's in Economics from the Norwegian Business School (BI).1 He is a Norwegian citizen currently residing in Norway.1

Shareholdings

As of January 1, 2024, Maurstad holds:

• 5,000,000 shares (2.44%) in SATS ASA
• 110,000 shares (0.11%) in Schibsted ASA Class A
• 320,000 shares (1.60%) in XXL ASA2

His estimated net worth as of August 30, 2024, is $15 million.2