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"In mid-2021, Jon André expressed to the Board that he had been CEO of the Company for over five years and that the time was right to initiate a process for identifying his successor. On that basis, the Board initiated a broad international search of available candidates based on a pre-defined set of criteria, including a proven track record on global business development, innovative top line initiatives, operational productivity improvements and growth strategy. That process is now completed, and the Board is delighted to announce the appointment of
The Company's nomination committee states that it is positive to proposing to the annual shareholders meeting in
"I have followed Nel's development over the last years with interest and admiration. The company is a technology-leader and has established an attractive position in a fast-growing market. To me this is essential for global success and I look forward to contributing to Nel's further growth in an industry with enormous potential for value creation and decarbonization",
"It has been a pleasure to serve as CEO over the latest six years, and to work with the entire Nel team to develop the leading hydrogen technology company in the world. The company has a rock-solid platform for the expected growth and expansion. The succession has been planned closely with the Board of Directors, comes at the right time following the opening of our Herøya facility, and provides me with somewhat more flexibility in life", Jon André Løkke concludes.
As prescribed by the continuing obligations for listed companies, the Company discloses that
ENDS
For additional information, please contact:
Jon André Løkke, CEO, + 90744949
About
Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.
This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act.
This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by
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