March 6, 2020

Heidi Wolden Becomes New CEO of Norled

The board of Norled has appointed Heidi Wolden (50) as the new CEO of Norled (as from 1 May)

Norled is one of Norway’s largest ferry companies. With more than 1,000 employees, the company operates over 80 vessels.

Heidi Wolden was CEO of the construction and housing group Kruse Smith, a position she has held since June 2017. Before that, Wolden had more than 20 years of experience in Equinor.

The move comes after the company was sold last summer from DSD (det Stavangerske Dampskibsselskab) to the Nordic infrastructure fund CapMan Infra and the Canadian company CBRE Caledon Capital Management. Norled’s former CEO Ingvald Løyning is also CEO of DSD, and until recently he held both positions in parallel.

CapMan is an investment and asset management company that seeks active value creation in the portfolio companies as well as real estate and infrastructure investments. In 2019, CapMan had over € 3 billion under management.

CBRE Caledon Capital Management Inc., is a provider of infrastructure and private equity solutions and represents over $ 9 billion on behalf of institutional investors globally.