ESTABLISHMENT AND GOVERNANCE
Fast forward seven years to 2019, and HG's member companies were ready for the next step – to become an integrated group. Out of 43 member companies, 30 banded together with FSN Capital V* to form the new HG in July 2020.
The original members of HG found FSN Capital V to be the perfect supporter for their existing companies, with a culture and approach that aligned perfectly with their own. Together, they could work towards a common vision for the future of the industry. Today, about half of the shares are owned by HG's employees and former business owners – craftspeople and entrepreneurs who believe in what we are building together – with the rest held by FSN Capital V.
At the heart of what we do is our people. That's why former owners of craft businesses who join us reinvest into HG, meaning that the number of co-owners who invest increases every time a new company becomes part of the group. Additionally, the key individuals at each business are invited to invest in our holding company as part of HG's Management Incentive Program. With more than 800 co-owners who are also employees, we are focused on building and consolidating the strength of our business – as a team of proud craftspeople.
Today, about half of the shares are owned by HG's employees and former business owners – craftspeople and entrepreneurs who believe in what we are building together – with the rest held by FSN Capital V.
Board of Directors
Leading our Board of Directors is Per W. Sjöstrand, a seasoned chairperson and founder of Instalco, with extensive experience from building decentralised service businesses across the Nordics.
Per Sjöstrand, Chairman of the Board of Directors, has been with HG since it's inception.
Our Board comprises a diverse group with a wide range of complementary skills and experience. This includes in-depth market knowledge of all the countries in which we operate. Their collective background includes significant entrepreneurial experience, insight from running decentralised businesses, and international expertise – well suited to support HG's continued growth across the Nordics and beyond. In addition, our Board has extensive experience of IPOs and listings, particularly through our association with FSN Capital V.
The Board of Directors is responsible for hiring the CEO, approving the corporate strategy and budget, in addition to ensuring solid management and control.
* FSN Capital GP V Limited acting in its capacity as general partner for and on behalf of each of FSN Capital V L.P., FSN Capital V (B) L.P. and FSN Capital V Invest L.P.