FREYR Battery has welcomed Jessica Wirth Strine to its Board of Directors today, as the company advances its strategic development plans, including the Giga America project in Coweta County. Strine brings a wealth of experience from her tenure at leading investment firms and her role as CEO of Sustainable Governance Partners LLC.
Strine's appointment follows the resignation of Olaug Svarva from the Board of Directors and Audit & Risk Committee last Thursday. Svarva's departure is part of FREYR’s transition towards U.S.-based operations. Tom Einar Jensen, Co-founder & Executive Chairperson of FREYR, commended Svarva's contributions and expressed confidence that Strine's expertise in U.S. market governance and sustainability will be invaluable for the company's future.
Strine has a notable background in active equity management and ESG leadership, with experience at BlackRock Inc (NYSE:BLK)., Vanguard Investments, Putnam Investments, and Wellington Management Company. Her academic credentials include an M.B.A. from the Wharton School and a B.A. from Dartmouth College.
FREYR is committed to establishing a clean battery value chain and currently operates a Customer Qualification Plant (CQP) in Mo i Rana, Norway. The company is preparing to expand its operations with a new manufacturing site in Georgia, aimed at serving energy storage systems (ESS) and commercial mobility markets, with potential entry into the electric vehicle (EV) sector.
In light of these organizational changes, FREYR advises investors to exercise caution regarding forward-looking statements, directing them to risk factors outlined in SEC filings, including Forms S-3/S-4, as well as annual and quarterly reports. The company ensures regular updates to investors through its website and social media platforms such as Twitter and LinkedIn.
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