FREYR Battery announces new organisational structure and leadership changes

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The new organisational structure is intended to generate long-term value for shareholders in accordance with FREYR’s top strategic priorities for 2024.

FREYR Battery, a developer of clean, next-generation battery cell production capacity, has announced organisational optimisations, including leadership changes intended to align resources with FREYR’s business priorities. 

Under FREYR’s new organisational 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. Dr. Bentzen, who has been shaping the Company’s technology road map in his previous role as Executive Vice President of Technology, will lead the development of FREYR’s technology strategy and product innovation initiatives.
• Ryuta Kawaguchi will assume the role of Chief Strategy Officer & Technical Fellow, where he will grow FREYR’s team of battery subject matter experts to assist with FREYR’s technology and product development.
• 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 (“CQP”), Giga Arctic, and coordination of all FREYR’s functional teams along with vendors, suppliers, and customers. He will report directly to the CEO. In this newly created role to empower the ’Asset Mo’ owner with the autonomy to drive results, Brose will oversee final commissioning and lead the start of automated production and the scale up of the 24M Technologies’ SemiSolid platform.
• 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.

“I am pleased to announce that several of our executives will be taking on additional responsibilities to position FREYR as a U.S. based technology leader in the battery solutions industry. The new organisational structure simplifies interfaces, globalises our teams, and strengthens our technology focus, including product development and digitalisation. We believe our organisation is optimised to meet the priorities we set for the coming year, in which we will focus on the CQP as our technology development centre in Norway while we establish the U.S. as our core strategic GWh production hub. I am confident that the changes we are implementing will strengthen and expedite our ability to execute on our vision, and I wish to extend my sincere thanks to all our employees for their dedication and commitment to FREYR’s mission,” commented Birger Steen, FREYR’s Chief Executive Officer.

The new organisational structure is intended to generate long-term value for shareholders in accordance with FREYR’s top strategic priorities for 2024, which are: 

• 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
• Establish the U.S. as FREYR’s primary strategic production hub, driving towards first production at Giga America, and maximise the benefits of the U.S. Department of Energy loan program and the tax credits available under the Inflation Reduction Act.