Johan H. Andresen Jr. Explained

Johan Henrik Andresen
Birth Date:25 July 1961
Birth Place:Oslo, Norway
Alma Mater:Rotterdam School of Management
Dartmouth College
Occupation:Chairman of Ferd AS (2012-)
CEO of Ferd AS (1998-2012)
Known For:Ferd AS
Children:Katharina and Alexandra

Johan Henrik Andresen (born 25 July 1961) is a Norwegian industrialist and investor.[1] Since 1998, Andresen has been the owner of Ferd, one of the largest privately held companies in Norway. He served in the position of CEO from 1998 to 2012, and has been the chairman of the board since 2012. In the magazine Kapital’s list of the 400 richest Norwegians, Andresen is ranked as number five, with a net worth equaling more than USD 3.27 billion.[2] While his father Johan H. Andresen Sr. lived, Andresen added 'Jr.' to his name, but ended this practice when his father died in 2011.[3]

Early life

Andresen was born in 1961 in Oslo, as the son of industrialist Johan Henrik Andresen (1930–2011), and Swedish noblewoman Marianne Ebba Therese Bielke. He received a Bachelor of Arts degree in Government and Policy Studies from Dartmouth College in 1988, and an MBA in 1993 from the Rotterdam School of Management.[4]

Personal life

Andresen is the grandson of Johan H. Andresen, and the great-grandson of Johan Henrik Andresen. He is married to Kristin Gamlemshaug. The couple has two daughters, Katharina and Alexandra.

In 2007, Andresen transferred most of the Ferd Holding shares, with an estimated value of NOK 12 billion, to his daughters.[5]

Professional career

3.3 billion.

Tiedemanns-gruppen changed its name to Ferd in 2001. Today, Ferd owns Elopak, Aibel (50%), TeleComputing, Interwell and Swix Sport, among other companies, in addition to substantial portfolios of stock, hedge fund investments, Private Equity and property. The company’s net asset value has grown from NOK 7,4 billion in 2003 to NOK 24,3 billion as of year’s end 2013.[8]

In September 2006, Andresen famously attempted to acquire the Swiss packaging and former weapons producer SIG, by placing a bid of NOK 11 billion for 50.01% of the shares in the company. Andresen's plan was to merge SIG with Ferd-owned Elopak, making it the world's second largest packaging manufacturer.[9] SIG, however, initiated a bidding war, and in March 2007 Ferd announced that it would no longer be pursuing the transaction. This would have been one of the largest acquisitions in Norwegian history.[10]

Andresen chairs the Council on Ethics for the Government Pension Fund Global.[11] He is Chairman of the Board of Ferd AS, and serves as a board member of Skandinaviska Enskilda Banken AB (SEB) in Sweden, NMI – Norwegian Microfinance Initiative, Junior Achievement –Young Enterprise, Europe, and Junior Achievement –Young Enterprise, Norway (Ungt Entreprenørskap).[12]

Philanthropy

In 2006, Andersen initiated a collaborative project between public and private interests. This led to the launching of NMI – Norwegian Microfinance Initiative in 2008, a microfinance institution aimed at stimulating growth in impoverished countries. In 2009 he formed Ferd Social Entrepreneurs, a separate non-commercial business area within Ferd that supports selected organizations, projects and individuals in activities where the social results carry greater weight than the financial results.

External links

Notes and References

  1. Web site: Johan H. Andresen . . 2009-11-04.
  2. Web site: Kapital 400 rikeste.
  3. Web site: Andersen. Øystein. Endelig har tobakk- prinsen stumpet røyken. dagbladet.no. Dagbladet. 17 October 2014. no. 15 May 2012.
  4. Web site: Orkla ASA — Johan H. Andresen jr. (f. 1961). 2008-07-02. Orkla ASA. no. 2009-11-06. https://web.archive.org/web/20110104190650/http://orkla.no/bedriftsforsamling/johan-h-andresen#. 2011-01-04. dead.
  5. Web site: Gir døtrene 12 milliarder. Solend. Per Arne. Ulf Andre Andersen. 2007-12-21. Dagbladet. no. 2009-11-05. https://web.archive.org/web/20100409153804/http://www.kjendis.no/2007/12/21/521892.html. 2010-04-09. dead.
  6. Web site: Historyline. 27 January 2015. 15 June 2020. https://web.archive.org/web/20200615063357/https://www.ferd.no/en/startpage. dead.
  7. Encyclopedia: Johan Henrik Andresen jr. . . no . 2009-11-05 . dead . https://web.archive.org/web/20120927081649/http://snl.no/Johan_Henrik_Andresen_jr. . September 27, 2012 .
  8. Book: Ferd Annual Report 2013.
  9. Web site: Andresen jr. med gigantbud. Bjørndal. Bente. 2006-09-25. Dagens Næringsliv. no. 2009-11-07.
  10. Web site: Andresen jr. kaster kortene i SIG. Langum Becker. Cecilie. 2007-03-12. Dagens Næringsliv. no. 2009-11-07.
  11. Web site: Council on Ethics, Council Members. https://web.archive.org/web/20150126194917/http://etikkradet.no/en/council-members-2/#. 2015-01-26. dead.
  12. Web site: Ferd home page, Board of Directors. 26 January 2015. 17 May 2020. https://web.archive.org/web/20200517095008/https://www.ferd.no/en/about_ferd/board_and_administration/board_of_directors. dead.