Yara makes the following appointments to its Group Executive Board effective 1 July 2021, to strengthen transformation focus and portfolio development.
Lars Røsæg is appointed EVP Corporate Development & Deputy CEO. Røsæg has served as EVP & Chief Financial Officer in Yara since November 2018. In this new role, Røsæg will be responsible for overseeing operations and capital allocation across Yara as well as Yara’s Strategy, M&A, Portfolio Development, Corporate Communications and Corporate Affairs functions.
Thor Giæver is appointed EVP & Chief Financial Officer. Giæver has served as SVP Investor Relations in Yara since 2011, and has previously held the positions of Acting CFO (2014-2015) and Head of Controlling & Risk Management (2009-2011), having joined Yara in 2004. He holds a BSc (Hons) degree from the School of Management, University of Bath, UK. Giæver will be responsible for Corporate Finance, Market Intelligence, Investor Relations, Accounting, Funding, Treasury, Insurance and Sustainability Governance functions.
“These changes to our Group Executive Board will strengthen our transformation focus, in line with our corporate strategy and capital allocation policy,” says Svein Tore Holsether, President & CEO of Yara International.
“Lars has played a key role in driving performance management and efficient capital allocation in recent years, and I’m pleased to see him take on an even broader role in driving our transformation forward. I would also like to welcome Thor into his role as EVP & Chief Financial Officer. With 17 years’ experience from Yara’s finance organization, he brings a deep understanding of our company and its investor base, and has been a key player in developing both our strategy and our equity story,” says Holsether.
Mónica Andrés is appointed EVP Europe. Andrés is currently VP Farming Solutions Europe and member of the Yara Europe regional leadership team with the overall responsibility for shaping Yara Europe’s strategic agenda, and has previously held several leading commercial and operational positions in Yara including SVP Business Unit Asia and Commercial Director Mediterranean. She holds a Master’s degree in Business Administration from Instituto de Empresa Spanish Business School and a degree in Agronomy Engineering from the Spanish Polytechnic University of Engineers (ETSIA).
Solveig Hellebust is appointed EVP People, Process and Digitalization. Hellebust has served as Yara’s Chief HR Officer since December 2020, before which she was Group EVP People & Operations in DNB. She has previously held senior roles in Pronova BioPharma and Telenor. Hellebust will have overall responsibility for Yara’s people and competence development, and for the data architecture and infrastructure to enable the digitalization of Yara’s core processes and operations. Hellebust holds a PhD in International Trade from the Norwegian University of Life Science (NMBU), MSc in Agricultural Economics from the University of Illinois, and a MSc in Business and Economics from BI Norwegian Business School.
“Monica is another excellent example of Yara’s internal talent development, with over 20 years’ experience and a strong commercial track record from our operations both in Europe and Asia. Solveig brings critical skills to our Group Executive Board, in particular related to driving cross-functional transformation,” says Holsether.
By Yara, Press Release
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?