FREYR Battery announced two appointments to strengthen the company?s leadership capabilities and accelerate key strategic initiatives. The appointments to the senior management and Board of Directors, are as follows: Birger Steen, currently Board Chair of Nordic Semiconductor ASA and Pagero AB, has been appointed FREYR?s Board of Directors, effective August 9th. Mr. Steen brings more than 30 years of technology sector senior leadership and Board of Directors experience in roles at companies including Parallels Inc., Microsoft Corp., Schibsted ASA and McKinsey & Co.

Tom Einar Jensen, FREYR?s Co-Founder and CEO, has been appointed Executive Chair of FREYR?s Board of Directors effective August 21. As Executive Chair, Mr. Jensen will work closely with the leadership team to drive key global corporate development initiatives, capital formation, and engagement with FREYR?s capital providers based on a customer centric and partnership- oriented approach. Torstein Dale Sjøtveit, FREYR?s Founder and Executive Chair, has retired, effective August 9. Prior to joining FREYR, Birger Steen was a Thematic Partner at Summa Equity.

He is currently Board Chair at Nordic Semiconductor ASA and Pagero Group AB (publ.), and serves on the boards of Nordea Bank Abp, where he chairs the Operations and Sustainability Committee, and Pragmatic Semiconductor LLC. He was previously Chief Executive Officer of Parallels Inc., WW Vice President of Distribution & SMB at Microsoft Corp, both in Seattle, VP & General Manager at Microsoft Russia and General Manager at Microsoft Norge AS (subsidiaries of Microsoft Corp.). Prior to joining Microsoft, Mr. Steen was Chief Executive Officer at Scandinavia Online AS (publ.), a VP at Schibsted ASA and a consultant at McKinsey & Co.

He holds an MBA degree from INSEAD as well as degrees from the Norwegian Defense School of Intelligence & Security and Norwegian Institute of Technology (NTNU).