Press release -
Morrow Batteries appoints Steffen Føreid as new Chief Financial Officer
Morrow Batteries ASA ("Morrow") announces the appointment of Steffen Føreid as Chief Financial Officer. Føreid brings considerable capital markets and strategic management expertise, setting the stage for Morrow's expansive industrial growth.
"I'm very pleased that Steffen joins Morrow. He brings almost 15 years of CFO experience from the energy and maritime sectors. In addition to his prowess in capital markets, finance, and strategic management, Steffen has a global perspective enriched by living and working internationally for years," says Morrow CEO Lars Christian Bacher.
Føreid joins Morrow from the position of Interim CFO at Gen2 Energy AS. Previously, he held CFO positions at Freyr Battery AS, Höegh LNG Holdings Ltd, and Höegh LNG Partners LP.
With experience in LNG infrastructure, battery manufacturing, hydrogen value chain, and oil & gas services, besides corporate finance, Føreid brings unparalleled knowledge to Morrow. His accomplishments, highlighted by two IPOs and one de-SPAC across the NYSE and Oslo Børs, and almost USD 5.0 billion of funding over the years, underscore his formidable capital markets acumen.
As Steffen Føreid takes the reins of financial management, Morrow stands poised to tap into a number of promising opportunities.
"Steffen's expertise and forward-thinking approach are exactly what Morrow requires at this time. We´re optimistic about what the future holds with him", says Bacher.
"Joining the ranks of Morrow Batteries is indeed a privilege. I have been impressed by the company's speed in achieving stable production at the Customer Qualification Plant in Korea and the tremendous achievements in developing the next-generation battery cell technology. Morrow is on track for industrial scale-up, and I look forward to working with our highly skilled team to grow the business and supply customers with sustainable batteries while creating value for all our stakeholders," says Føreid.
Føreid joins Morrow effective Monday, 9 October 2023.
Morrow Batteries ASA (Morrow) is an industrial battery technology company on a mission to develop and deliver next-generation batteries with cathode material (LNMO). These batteries replace cobalt, reduce nickel and lithium, and maximise the use of clean and abundant manganese. Founded in 2020 and headquartered in Arendal, Norway, the company now has 150 battery specialists across four international offices. Learn more at morrowbatteries.com and @MorrowBatteries on LinkedIn.