Vibeke H. Madsen is educated as radiographer and has extensive management experience from commercial and non-commercial activities . Since 2002 until today, Madsen has developed and led Virke, the Enterprise Federation of Norway. Before this, she worked for PA Consulting Group and Statoil Marketing. In Statoil Marketing she was responsible for Business Support and for several re-organisation processes.  Madsen has had a number of directorships,  among others in Kværner ASA, Forskningsrådet, Aker Solutions ASA og Storebrand.  

The Norfund board, chaired by Kristin Clemet, is with the appointment of Ms Madsen extended with one director and consists in total of 8 directors. Overview of the full Norfund board can be found here