Yara appoints Magnus Krogh Ankarstrand as EVP Corporate Development

Magnus Krogh Ankarstrand is appointed EVP Corporate Development at Yara. Ankarstrand has held the position of CEO, Yara Clean Ammonia since 2021 and has previously held positions as SVP Yara North America, CFO of the Industrial segment and Director of Strategy & Business Development. He also has previous experience from The Boston Consulting Group and the Royal Norwegian Navy. Magnus holds a degree from The Norwegian School of Economics (NHH - Siviløkonom).

The process to identify Ankarstrand´s successor as CEO of Yara Clean Ammonia has been initiated, and during a transition phase Ankarstrand will retain also this responsibility.

Jorge Noval is named EVP & CEO Yara Industrial Solutions. Noval has held the position of President, Yara Industrial Solutions, and will with this change be a member of the Yara Group Executive Board.

″Yara has a clear strategic direction as presented in our recent Capital Markets Day and we are already well into the execution phase. Magnus and Jorge both bring extensive experience to the Group Executive Board and represent areas which are key in our strategy execution. I am delighted to welcome them both onto the team,″ says Svein Tore Holsether, President & CEO of Yara International.

The changes are effective immediately and the Group Executive Board now consists of;

• Svein Tore Holsether, President & CEO

• Chrystel Monthean, EVP Yara Americas

• Fernanda Lopes Larsen, EVP Yara Africa & Asia

• Mónica Andrés, EVP Yara Europe

• Johan Labby, EVP Global Plants & Operational Excellence

• Jorge Noval, EVP & CEO Yara Industrial Solutions

• Thor Giæver, EVP & CFO

• Kristine Ryssdal, EVP & General Counsel

• Magnus K Ankarstrand, EVP Corporate Development

• Solveig Hellebust, EVP People, Process & Digitalization