FREYR Battery Appoints Jessica Wirth Strine to Board of Directors
November 27 2023 - 5:01AM
Business Wire
FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”), a
developer of clean, next-generation battery cell production
capacity, has announced the appointment of Jessica Wirth Strine to
FREYR’s Board of Directors.
Jessica Wirth Strine, a U.S.-based executive with prior
experience as a portfolio manager at BlackRock Inc. (NYSE: BLK) and
Vanguard Investments, is joining FREYR’s Board of Directors
effective immediately. Strine is the Chief Executive Officer and
Managing Partner of Sustainable Governance Partners LLC, an
independent corporate advisory firm that she co-founded in 2020. In
this capacity, she provides strategic counsel to public companies
with a focus on corporate governance, sustainability, and investor
relations best practices.
After serving as a Board Director since 2021, Olaug Svarva has
stepped down from her role as an independent director and a member
of the Board of Directors’ Audit and Risk Committee, effective
November 24, 2023.
“With the re-domiciliation process to the U.S. underway, this
was the right time for me to step down from FREYR’s Board. I wish
FREYR and the management all the best in creating a cleaner and
more sustainable battery value chain,” remarked Olaug Svarva.
“I am delighted to welcome Jessica Wirth Strine to FREYR’s Board
of Directors,” commented Tom Einar Jensen, FREYR’s Co-founder and
Executive Chairperson. “Jessica’s deep understanding of the U.S.
capital markets, corporate governance standards, and sustainability
programs will be instrumental to FREYR’s strategic development in
this next chapter of our company’s growth. On behalf of FREYR’s
Board of Directors, I also wish to thank Olaug for her invaluable
contributions to the company.”
Jessica Wirth Strine brings nearly twenty years of experience in
active equity fund management and passive fund stewardship. Prior
to forming Sustainable Governance Partners, Jessica was a senior
director on the Investment Stewardship team at Vanguard, where she
also led an interdisciplinary ESG working group. Jessica also has
experience in active equity portfolio management, most recently at
BlackRock and previously at Putnam Investments and Wellington
Management Company. She holds a B.A. from Dartmouth College, and an
M.B.A. from the Wharton School at the University of
Pennsylvania.
About FREYR Battery
FREYR Battery is a developer of clean, next-generation battery
cell production capacity. The company’s mission is to accelerate
the decarbonization of global energy and transportation systems by
producing clean, cost-competitive batteries. FREYR seeks to serve
the primary markets of energy storage systems (“ESS”) and
commercial mobility, and the company maintains an ambition to serve
the passenger electric vehicles market (“EV”). FREYR’s Customer
Qualification Plant (“CQP”) for technology development is in
service in Mo i Rana, Norway, and the company is commencing
development of the Giga America battery manufacturing project in
Coweta County, Georgia, in the U.S. To learn more about FREYR,
please visit www.freyrbattery.com.
Cautionary Statement Concerning Forward-Looking
Statements
All statements, other than statements of present or historical
fact included in this letter, including, without limitation, any
potential or intended benefits of FREYR’s new organizational and
board structure, including FREYR’s ability to execute its strategic
development are forward-looking statements.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from the expected results. Most of these factors are
outside FREYR’s control and are difficult to predict. Additional
information about factors that could materially affect FREYR is set
forth under the “Risk Factors” section in (i) FREYR’s Registration
Statement on Form S-3 filed with the Securities and Exchange
Commission (the “SEC”) on September 1, 2022, (ii) FREYR Battery,
Inc.’s Registration Statement on Form S-4 filed with the SEC on
September 8, 2023 and subsequent amendments thereto filed on
October 13, 2023, October 19, 2023, and October 31, 2023, (iii)
FREYR’s Annual Report on Form 10-K filed with the SEC on February
27, 2023, and (iv) FREYR’s Quarterly Reports on Form 10-Q filed
with the SEC on May 15, 2023, August 10, 2023 and November 9, 2023
and available on the SEC’s website at www.sec.gov. Except as
otherwise required by applicable law, FREYR disclaims any duty to
update any forward-looking statements, all of which are expressly
qualified by the statements in this section, to reflect events or
circumstances after the date of this presentation. Should
underlying assumptions prove incorrect, actual results and
projections could differ materially from those expressed in any
forward-looking statements.
FREYR intends to use its website as a channel of distribution to
disclose information which may be of interest or material to
investors and to communicate with investors and the public. Such
disclosures will be included on FREYR’s website in the ‘Investor
Relations’ sections. FREYR also intends to use certain social media
channels, including, but not limited to, Twitter and LinkedIn, as
means of communicating with the public and investors about FREYR,
its progress, products, and other matters. While not all the
information that FREYR posts to its digital platforms may be deemed
to be of a material nature, some information may be. As a result,
FREYR encourages investors and others interested to review the
information that it posts and to monitor such portions of FREYR’s
website and social media channels on a regular basis, in addition
to following FREYR’s press releases, SEC filings, and public
conference calls and webcasts. The contents of FREYR’s website and
other social media channels shall not be deemed incorporated by
reference in any filing under the Securities Act of 1933, as
amended.
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version on businesswire.com: https://www.businesswire.com/news/home/20231127304295/en/
Investors:
Jeffrey Spittel Head of Investor Relations
jeffrey.spittel@freyrbattery.com Tel: (+1) 409 599-5706
Media:
Amy Jaick Global Head of Communications
amy.jaick@freyrbattery.com Tel: (+1) 973 713-5585
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