Former McKinsey Middle East leader appointed to Arundo board

Long-time Doha-based McKinsey senior partner and now external adviser Tore Myrholt has joined the board of Arundo Analytics as the data software firm seeks to expand its global presence.

As one of three prominent business leaders appointed to Arundo Analytics’ Board of Directors, together with Sloan School professor Thomas Malone and Arundo co-founder and former McKinsey partner Stuart Morstead, the Qatar-based Tore Myrholt will bring more than 25 years of senior top-level international experience in business strategy, organisation and transformation advisory, with particular experience in corporate transformations.

Currently serving McKinsey as a senior external advisor based out of Doha, Myrholt has been with the strategy and management giant for over 35 years following the completion of an MBA in International Business with Harvard Business School in 1982 – going on to become one of McKinsey’s longest-serving partners, with stints leading the firm’s Doha and Scandinavian offices and for seven years its Europe, Middle East and Africa division.

During his time with McKinsey, Myrholt also served as Chairman of the Directors Committee and as a long-term board member of the McKinsey Shareholder Council, while his career in consulting has seen Myrholt advise clients across 25 countries, with a focus on CEOs and senior executives operating in the global energy & materials and public sectors. Described a true globetrotter, Myrholt has been based in Qatar since moving to Doha in 2012.Founded in 2015, and with current offices in Norway and the US, Arundo Analytics is an advanced data analytics and machine learning software provider for asset-intensive industries, such as the oil & gas, maritime, and power & chemicals sectors, allowing industrial companies and other organisations to better manage enterprise-scale data to enhance operational performance, mitigate risks and gain deeper insights for business decisions.

Joining Myrholt as fresh appointees to the Arundo board are its current Chief Operating Officer and co-founder Stuart Morstead, himself a ten-year veteran with McKinsey and a former Senior Consultant with PwC, and Thomas Malone, a management consultant and published organisational theorist who is a Sloan School of Management professor and founded MIT’s Center for Coordination Science. Malone has previously co-founded four software companies of his own.

Arundo believes that the appointment of the trio of senior business leaders will position the start-up for a global push. “Our new board members bring world-class, international expertise from global management consulting leadership, software entrepreneurship and academia,” Arundo Analytics CEO and founder Tor Jakob Ramsøy said. “Their involvement with Arundo showcases how we are well-positioned for a massive global opportunity.”

Ramsøy continued; “These new board members bring significant understanding of Arundo’s customer needs, the cutting-edge implications of machine learning and the Industrial Internet of Things, and what it takes to build a successful software company.” Responding to his appointment, Myrholt said, “I have been involved with Arundo since its earliest days, and I’ve seen its astounding growth over the last few years… I’m excited to become more actively involved and support the company’s strategies in energy and other heavy industries.”