Oslo, 26 September 2022: Scatec ASA, a leading renewable energy company, is
implementing changes to the Executive Management team to position Scatec for
increased growth and to further strengthen the company's organisation.
Renewable energy is more critical than ever. Scatec sees vast opportunities in
its key markets to further accelerate the green transition and continue to
deliver clean, sustainable, and affordable energy to customers across emerging
markets. To achieve this and deliver on Scatec's ambitions, the company is
expanding its executive management team to 11 members and strengthening its
regional set up.
Strengthened regions and centralised support and service functions
The regional approach entails that management will be even closer to Scatec's
main markets to drive growth opportunities for the company and ensure long-term
success. Each region, namely Sub-Saharan Africa, Middle East & North Africa
(MENA), Asia, and Latin America/Europe, will be responsible for the company's
operating power plants and business development. We are also lifting green
hydrogen as a key focus area to executive management level.
In addition, Scatec will further strengthen the business structure to be able to
deliver on the company's strategy in the best possible way. This will entail
that the regional organisation will be supported by central support and service
functions including People, Strategy & Digital, ESG & HSSE, Legal (Compliance),
Finance, as well as Solutions and Operations & Maintenance.
Scatec's current CFO Mikkel Tørud will take on a new executive management role
as EVP, Green Hydrogen and MENA, in the new organisation. A recruitment process
for his successor is set into motion with immediate effect and will be
communicated once finalised. Tørud will continue as CFO until a successor is in
place.
Accelerating Scatec's future journey
"We are strengthening Scatec and enabling our regions to have direction and
focus to further grow and deliver on our strategy. People are at the centre of
everything we do, and I am looking forward to accelerating Scatec's future
journey with a strengthened team and structure. Renewable energy is more
critical than ever, and this is the moment in time when real change in the
energy sector can be made. Scatec is at the centre of this transformation and is
ready to provide clean and affordable energy to emerging markets," says Scatec
CEO Terje Pilskog.
Scatec's Executive Management team, effective as of mid-November:
* Terje Pilskog, Chief Executive Officer
* Mikkel Tørud, CFO until successor in place. Thereafter, EVP, Green Hydrogen
& MENA
* Jan Fourie, EVP, Sub-Saharan Africa
* Ann-Mari Lillejord, EVP, Latin America/Europe
* Eliseo Ana, EVP, Asia
* Pål Helsing, EVP, Solutions
* Pål Strøm, EVP, Operations & Maintenance
* Kate Bragg, EVP, People, Strategy & Digital
* Roar Haugland, EVP, ESG & HSSE
* Snorre Valdimarsson, EVP, Legal
For further information, please contact:
For analysts and investors: Andreas Austrell, VP IR, tel: +47 974 38 86,
andreas.austrell@scatec.com (mailto:andreas.austrell@scatec.com)
For media: Meera Bhatia, SVP Communications, tel: +47 46 84 49 59,
meera.bhatia@scatec.com (mailto:meera.bhatia@scatec.com)
About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to
reliable and affordable clean energy in high growth markets. As a long-term
player, we develop, build, own and operate renewable energy plants, with 4.6 GW
in operation and under construction across four continents today. We are
committed to grow our renewable energy capacity, delivered by our 700 passionate
employees and partners who are driven by a common vision of 'Improving our
Future'. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock
Exchange under the ticker symbol 'SCATC'. To learn more, visit www.scatec.com
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This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange announcement was published by Kine Aaltvedt, Communication &
IR Coordinator at Scatec ASA, on 26 September 2022 at 07:00 CEST