Capsol's Management

Wendy Lam
Chief Executive Officer

Experienced leader with technology background with more than 20 years from major inter-national and listed industrial companies, including Baker Hughes, Rolls-Royce, and GE. Wendy has a proven track record of driving growth, developing strategic partnerships, and commercializing new technologies worldwide. Wendy holds a mechanical and industrial engineering degree from the Universities of Waterloo and Toronto and an MBA from IN-SEAD / Wharton.

Ingar Bergh
Chief Financial Officer

Ingar brings over 15 years of experience as an advisor and executive in the energy and ship-ping sectors, working with development, funding and commercialization of large energy infrastructure projects based on novel technology. Prior to joining Capsol, he worked with Global LNG Services, Marsoft, DNV and Green Reefers. Ingar holds a master’s degree in science in supply chain management and an MBA in Finance.

Tone Bekkestad
Chief marketing Officer

Tone has extensive experience in communication and media from television, lecturing, moderating and author of two books. Prior to joining Capsol, Tone worked as a sales man-ager for a state-of-the-art weather presentation software company, on-air meteorologist at TV4 Sweden, and lecturer / moderator. Tone holds a MSc in meteorology from the Universi-ty of Bergen and Calgary, Canada.

Cato Christiansen
Chief Technology Officer

Mechanical engineer (PhD) with more than 20 years’ experience within the energy sector, specializing in CCS, including planning and operation of Technology Centre Mongstad (TCM) and the Norwegian industrial CCS demonstration project “Longship, working for the Norwe-gian Ministry of Petroleum and Energy. Cato is a former director of the program board for CLIMIT, Norway’s national program for research, development, and demonstration of CCS technology.

Johan Jungholm
Chief Commercial Officer

Long track record and experience in the complexities around both public and private project management, procurement, and other commercial drivers in major projects globally with more than 15 years of experience in B2B complex technical sales, marketing, and business development. Johan holds a BA with a double major in Geology and Environmental Science.

Philipp Staggat
Chief Product Officer

Philipp brings more than 10 years of experience from technical and commercial roles.
Prior to joining Capsol, Philipp was lead commissioning engineer for heavy duty rotating equipment at Siemens AG, commissioning powerplants in Europe, the US, South Korea, Ma-laysia, and the Middle East. Philipp holds both a bachelor’s in mechanical engineering from the Berliner Hochschule für Technik (BHT) and an MBA with Distinction from London Business School.

Board Members

Endre Ording Sund

Chairman

Served since
2018

Shares held
1 844 136

Experience and skills
Endre Ording Sund is an independent advisor in the Finance, E&P and shipping sector.

Sund is educated from the Royal Navy Academy, the Norwegian School of Economy and finance (BI), and Harvard Business School (PMD).

His career spans over 40 years, starting with 9 years of service as officer in the Royal Norwegian Navy, to his present-day roles as Chairman and member of the board of numerous companies. His working career includes CEO of the A. Wilhelmsen group, Head of Oil, Gas & Shipping related Corporate Finance business in SEB from 2002-2007, and several leading and founder roles within Private Equity. His Board experience includes Ferd, Euronav and Awilco (Chairman). He is also the co-founder and previous Chairman of the International Maritime & Merchant Bank and EV Private Equity.

Wayne G. Thomson

Board member

Served since
2022

Shares held
11 904

Experience and skills
Wayne G. Thomson has an extensive career internationally as a top executive with strong results from private and listed companies within the oil and gas industry, and more recently the carbon capture technology area. This includes a strong track record in building profitable business strategies.

Up until 2021, Mr. Thomson was Chairman of Svante Inc., a Canadian carbon capture technology company. Thomson was Chairman in a key period of Svante Inc's development and growth stage from 2015 to 2021. He also held the position as Executive Chairman for a period.

Thomson´s career includes holding the positions of Director at TG World Energy Corporation, Orion Oil and Gas Corporation, EnCana Corporation, Iskander Energy Inc., and Cenovus Energy Inc. He has also served as the Chairman of the board of Maha Energy Inc. Mr. Thomson currently serves as the Chairman of the board of Envirovalve Inc. and Blue Sky Hemp Ventures Inc.

Thomson has a B.Sc. in Mechanical Engineering from the University of Manitoba, in addition to Post University courses in management and petroleum engineering.

Ellen Merete Hanetho

Board member

Served since
2023

Shares held
-

Experience and skills

Ellen Merete Hanetho has extensive experience from executive positions within finance, strategic business development and private equity in companies such as Brussels Stock Exchange and Citibank in Brussels, Goldman Sachs Investment Banking Division in London and New York, Credo Partners, Frigaardgruppen and Cercis in Oslo, and through various board engagements.

She founded Cercis in 2020 to focus on business development and investments combining technological advances and capital to create profitable companies that contribute to solving global challenges.

Ellen has served on a number of boards and held several board positions including chairman of the board of Hydrogenpro ASA, Fleks AS and Mer AS, and board member of Kristian Gerhard Jebsen Group Limited, Stokke Industri AS, Kongsberg Automotive ASA, Eqva ASA and MPC Container Ships ASA.

Ms. Hanetho has a BSBA from Boston University and an MBA from Solvay University, in addition to executive training from INSEAD and Harvard Business School.

John Arne Ulvan

Board member

Served since
2021

Shares held
19 841

Experience and skills
John Arne Ulvan has an extensive career as a top executive with strong results from national, international, and listed companies.  This includes a strong track record in developing and implementing profitable business strategies globally.

His career includes holding the positions of VP - Business Unit Manager, VP - Strategy & Programs, VP - Business Development Environment and Marketing Director Canada at Yara International ASA and Norsk Hydro ASA from 1990 to 2010. From 2011 to 2020 he was the CEO/Group CEO of Felleskjøpet Agri SA.

Ulvan has served on a number of boards including serving as member of the Executive Committee of InterCOOP Europe (Switzerland), member of the board of the Confederation of Norwegian Enterprise’s Food & Drink, Chairman of the board of Norgesmøllene AS, Deputy chairman of the corporate assembly of Moelven Industrier ASA, Chairman of the board of CEFIC AGU (Belgium), Chairman of the board of Purico ltd (China) and as member of the board of Yarwil AS. Mr. Ulvan is currently a member of the board of directors of Borregaard ASA.

Ulvan has a M.Sc. in Chemistry/Chemical Engineering from the Norwegian University of Science and Technology (NTNU/NTH).

Monika Inde Zsak

Board member

Served since
2021

Shares held
5 952

Experience and skills
Monika Inde Zsak has an MSc in industrial engineering and a Master in finance from the Norwegian University of Science and Technology (NTNU) and University of New South Wales, Australia (UNSW). Previously she has worked as a Senior Manager for Accenture Strategy, advising top management within the Nordic Energy and Renewable sector. In parallel, she was one of the initiators to build up Accenture’s sustainability practice and led the Norwegian team. From 2013-2021 Inde Zsak worked for one of Norway's largest utility companies, BKK, heading up the corporate venture activity and leading the internal innovation portfolio on corporate level.

Inde Zsak is currently a partner at Wiski Capital, a Venture capital firm providing active ownership and funding to startups and growth companies within sustainability.

Monika has also been appointed top ten Young Executive of the Year award by Assessit and serves as a Board Director at several Seed Funds and Startups in Norway.