Changes to the Yara Group Executive Board
Oslo, 15 December 2021: Terje Knutsen, EVP Farming Solutions, has asked to step down from his current position to work closer to the commercial domain. At the same time, Yara has a need to strengthen the Global Plants & Operational Excellence team and Knutsen will take up the new position of SVP Global Optimization and Procurement, reporting to Pål Hestad, EVP Global Plants & Operational Excellence.
“Terje has been instrumental in shaping Yara commercially, and I would like to thank him for both his impressive results as well as his contribution to the Group Executive Board over the past seven years. His wish to focus more on the commercial side times well with both the needs in Global Plants & Operational Excellence and the second phase of transformation where the central Farming Solutions organization will continue to play an instrumental role”, says Svein Tore Holsether, President & CEO.
The Farming Solutions lead team will report to Lars Røsæg, EVP Corporate Development and Deputy CEO, in an acting capacity until Knutsen’s successor is identified.
Silje Nygaard, Investor Relations
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Kristin Nordal, Corporate Communications
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Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.
To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming, and work closely with partners throughout the food value chain to improve the efficiency and sustainability of food production. Through our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. We operate an integrated business model with around 17,000 employees and operations in over 60 countries, with a proven track record of strong returns. In 2020, Yara reported revenues of USD 11.6 billion.