Yara International ASA announces organizational and management changes with immediate effect.
“Yara has developed well despite challenging market conditions, improving our internal operations and strengthening our platform for further growth. It is now time to simplify our organization, to be even more agile and responsive in a time marked by both big challenges and immense opportunities” said Svein Tore Holsether, President and Chief Executive Officer of Yara.
Today Yara announces the following changes to Yara’s organization structure and corporate management:
Petter Østbø will take up the position of EVP and Chief Financial Officer (CFO). Østbø currently serves as EVP Production. Torgeir Kvidal will take up the position of Head of Mining operations, reporting to EVP Production.
Tove Andersen will take up the position of EVP Production. Andersen currently serves as EVP Supply Chain. Pablo Barrera Lopez, currently Country Manager Yara Chile, will take up the position of EVP Supply Chain.
Corporate Innovation will be moved to Industrial and report to EVP Industrial, Yves Bonte. Consequently, Pierre Herben will no longer be part of the executive management team.
Alvin Rosvoll will continue to be responsible for our partner operations and will from now on report to EVP People & Global Functions, Lene Trollnes.
The above changes will take effect immediately, except for Tove Andersen and Pablo Barrera Lopez who will take up their new positions on 1 April. Petter Østbø will continue as EVP Production until 1 April, in addition to his new role as CFO.
Following these changes, the executive management team of Yara International ASA will be as follows:
Svein Tore Holsether, President and CEO
Tove Andersen, EVP Production
Yves Bonte, EVP Industrial
Lair Hanzen, EVP Yara Brazil
Pablo Barrera Lopez, EVP Supply Chain
Terje Knutsen, EVP Crop Nutrition
Kristine Ryssdal, EVP General Counsel
Terje M. Tollefsen, EVP Strategy & Business Development
Lene Trollnes, EVP People & Global Functions
Petter Østbø, EVP Chief Financial Officer
“The changes we make today will strengthen our ability to deliver on our strategy – meeting global challenges with value-creating business opportunities. I would like to express my gratitude to the colleagues who now leave the management team for their considerable efforts and dedication to Yara,” said Svein Tore Holsether.
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?