OSLO, NORWAY: Scatec ASA, a leading renewable energy company, is implementing changes to the Executive Management team to position Scatec for increased growth and to further strengthen the company’s organisation.

Renewable energy is more critical than ever. Scatec sees vast opportunities in its key markets to further accelerate the green transition and continue to deliver clean, sustainable, and affordable energy to customers across emerging markets.

To achieve this and deliver on Scatec’s ambitions, the company is expanding its executive management team to 11 members and strengthening its regional set up.

Strengthened regions and centralised support and service functions

The regional approach entails that management will be even closer to Scatec’s main markets to drive growth opportunities for the company and ensure long-term success.

Each region, namely Sub-Saharan Africa, Middle East & North Africa (MENA), Asia, and Latin America/Europe, will be responsible for the company’s operating power plants and business development. We are also lifting green hydrogen as a key focus area to executive management level.

In addition, Scatec ASA will further strengthen the business structure to be able to deliver on the company’s strategy in the best possible way. This will entail that the regional organisation will be supported by central support and service functions including People, Strategy & Digital, ESG & HSSE, Legal (Compliance), Finance, as well as Solutions and Operations & Maintenance.

Scatec’s current CFO Mikkel Tørud will take on a new executive management role as EVP, Green Hydrogen and MENA, in the new organisation. A recruitment process for his successor is set into motion with immediate effect and will be communicated once finalised. Tørud will continue as CFO until a successor is in place.

Accelerating Scatec’s future journey

“We are strengthening Scatec ASA and enabling our regions to have direction and focus to further grow and deliver on our strategy. People are at the centre of everything we do, and I am looking forward to accelerating Scatec’s future journey with a strengthened team and structure.

Renewable energy is more critical than ever, and this is the moment in time when real change in the energy sector can be made. Scatec is at the centre of this transformation and is ready to provide clean and affordable energy to emerging markets,” says Scatec CEO Terje Pilskog.

Scatec’s Executive Management team, effective as of mid-November:

 * Terje Pilskog, Chief Executive Officer

 * Mikkel Tørud, CFO until successor in place. Thereafter, EVP, Green Hydrogen & MENA

 * Jan Fourie, EVP, Sub-Saharan Africa

 * Ann-Mari Lillejord, EVP, Latin America/Europe

 * Eliseo Ana, EVP, Asia

 * Pål Helsing, EVP, Solutions

 * Pål Strøm, EVP, Operations & Maintenance

 * Kate Bragg, EVP, People, Strategy & Digital

 * Roar Haugland, EVP, ESG & HSSE

 * Snorre Valdimarsson, EVP, Legal