Yara strengthens board with new appointments

These changes to Group Executive Board will strengthen the company's transformation focus, in line with its corporate strategy and capital allocation policy

Yara has made new appointments to its Group Executive Board effective 1 July 2021, to strengthen transformation focus and portfolio development.

Lars Rosæg is appointed EVP Corporate Development & Deputy CEO. Rosæg has served as EVP & Chief Financial Officer in Yara since November 2018. In this new role, Rosæg will be responsible for overseeing operations and capital allocation across Yara as well as Yara’s Strategy, M&A, Portfolio Development, Corporate Communications and Corporate Affairs functions.

Thor Giæver is appointed EVP & Chief Financial Officer. Giæver has served as SVP Investor Relations in Yara since 2011, and has previously held the positions of Acting CFO (2014-2015) and Head of Controlling & Risk Management (2009-2011), having joined Yara in 2004. Giæver will be responsible for Corporate Finance, Market Intelligence, Investor Relations, Accounting, Funding, Treasury, Insurance, and Sustainability Governance functions.

“These changes to our Group Executive Board will strengthen our transformation focus, in line with our corporate strategy and capital allocation policy,” says Svein Tore Holsether, President & CEO, Yara International.

Monica Andres is appointed EVP Europe. Andres is currently VP Farming Solutions Europe and member of the Yara Europe regional leadership team with the overall responsibility for shaping Yara Europe’s strategic agenda, and has previously held several leading commercial and operational positions in Yara including SVP Business Unit Asia and Commercial Director Mediterranean.

Solveig Hellebust is appointed EVP People, Process and Digitalization. Hellebust has served as Yara’s Chief HR Officer since December 2020, before which she was Group EVP People & Operations in DNB. She has previously held senior roles in Pronova BioPharma and Telenor. Hellebust will have overall responsibility for Yara’s people and competence development, and for the data architecture and infrastructure to enable the digitalization of Yara’s core processes and operations.

“Monica is another excellent example of Yara’s internal talent development, with over 20 years’ experience and a strong commercial track record from our operations both in Europe and Asia. Solveig brings critical skills to our Group Executive Board, in particular related to driving cross-functional transformation,” says Holsether.