Freyr Battery announces new organizational structure, leadership changes

FREYR Battery has announced organizational optimizations, including leadership changes intended to align resources with FREYR’s business priorities. Under FREYR’s new organizational structure, the following members of FREYR’s executive leadership team will assume elevated responsibilities with immediate effect: Dr. Andreas Bentzen has been promoted to the role of Chief Technology Officer. Ryuta Kawaguchi will assume the role of Chief Strategy Officer & Technical Fellow. Mike Brose, who has been serving as FREYR’s Senior Vice President of Operations in the U.S., will now lead all of FREYR’s activities in Mo i Rana, including the Customer Qualification Plant, Giga Arctic, and coordination of all FREYR’s functional teams along with vendors, suppliers, and customers. Amy Jaick, who has been serving as Senior Vice President of U.S. Communications, has been promoted to Head of Global Communications. Jan Dahm-Simonsen, who has been serving as Senior Vice President of Human Resources in Norway, will lead FREYR’s global human resources function. The new organizational structure is intended to generate long-term value for shareholders in accordance with FREYR’s top strategic priorities for 2024, which are: 1. Complete the final stages of commissioning and commence automated production of in-spec, customer-testable cells at the CQP as FREYR pursues continuous product and process development improvements on the 24M SemiSolid platform; and 2. Establish the U.S. as FREYR’s primary strategic production hub, driving towards first production at Giga America, and maximize the benefits of the U.S. Department of Energy loan program and the tax credits available under the Inflation Reduction Act.