FREYR Battery (FREY), a clean battery solutions provider, said on Monday that Steffen Føreid has been relived from the role of Group Chief Financial Officer. It also appointed Oscar Brown as the new finance chief.
Føreid will continue in the position as CFO of FREYR Battery Norway AS until the end of the first quarter of 2022.
Tom Einar Jensen, CEO of FREYR, said: "Our geographical expansion and growth plans along the battery value chain will require significant financing efforts. Oscar's experience in large scale financing, M&A, and deep corporate development expertise in the energy space will continue to strengthen our financial capacity as we evolve into a global organization."
With over three decades of industry experience, Brown has recently served as Senior Vice President of Strategy, Business Development and Supply Chain for Occidental Petroleum Corporation.
Prior to joining Occidental in 2016, he held positions of increasing responsibility as an investment banker with CS First Boston, Lehman Brothers, Barclays Capital, and Bank of America Merrill Lynch, where he was co-head of Americas Energy Investment Banking.
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