Press release -
Dagfinn B. Lie appointed CFO
Morrow Batteries AS (Morrow) today announces the appointment of Dagfinn B. Lie as Chief Financial Officer (CFO) effective 1 October 2021.
“We are pleased to welcome Dagfinn to the Morrow team as we commence the construction of our first facility, rapidly expand the organization and further develop our financial strategy to support our ambitous targets. Dagfinn has a solid track record from large-scale and capital intensive companies, broad capital markets experience and will be instrumental in the development and implementation of our long-term financial strategy. I look forward to work closely with Dagfinn as part of our management team in an important time for our growth and expansion“, says Terje Andersen, CEO of Morrow.
Dagfinn B. Lie has been appointed CFO of Morrow effective 1 October 2021. Lie comes from the position as CFO of Siem Offshore Inc., listed on Oslo Stock Exchange, where he served in various positions since 2007. Prior to joining Siem Offshore, he has experience from the finance function of Wallenius Wilhelmsen Logistics AS and ABB. Lie holds a MBA from the Norwegian School of Management and a Master in Finance and Accounting and Bachelor in Engineering from the University of Agder.
Morrow will during 2021 start the construction of the Battery Innovation Centre and Pilot factory in Southern Norway. Morrow aims to commence the construction of its first giga-factory module during 2023.
“Morrow has ambious growth targets supported by an impressive team and strong owners. The company is entering the expansion phase of delivering the world’s most cost-effective and sustainable battery cells and I look forward to join the team to accelerate the green energy transition through the production of sustainable batteries“, says Dagfinn B. Lie.
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Morrow Batteries AS (“Morrow”) is an industrial technology company based in Norway. In face of the green energy transition, the Morrow strategy is twofold; delivering current technology products and developing next-generation batteries that are cost-effective and more sustainable. These new batteries will feature the breakthrough cathode material (LNMO) - eliminating the need for cobalt and reducing the use of nickel and lithium, while maximizing the utilization of readily available and clean manganese. The industrial scale-up was founded in 2020. Headquartered in Arendal, Norway, it now counts 100+ battery specialists across four offices internationally. Learn more at morrowbatteries.com and @MorrowBatteries on LinkedIn.
