Mikkel Tørud Appointed as New CEO of North Ammonia

The Board of Directors at North Ammonia has appointed Mikkel Tørud as the Company’s new Chief Executive Officer. Tørud will replace Vidar Lundberg who becomes Chair of the Board.

“Mikkel has a solid and relevant background with international management experience from project development, capital markets, renewable energy and hydrogen projects. The Board is pleased to bring him to North Ammonia and is confident he is the right person to lead the company forward.

“We are also happy that Vidar will continue to be closely involved in the development of North Ammonia in his new role as Chair of the Board,” says outgoing Chair Nicolai Grieg.

Tørud comes from the Oslo stock exchange listed renewable energy company Scatec ASA where he has had several management positions, including Chief Financial Officer and most recently Executive Vice President Green Hydrogen & MENA. He has also been part of the group management in REC (Renewable Energy Corporation) ASA as SVP Business Development and Investor Relations, and previously worked in BP and PA Consulting Group. Tørud holds a Master of Science in Industrial Economics and Technology.

“I am thrilled to join North Ammonia as CEO and to further develop the company together with a talented team, solid partners and dedicated industrial owners. North Ammonia is well positioned to pioneer the green fuels segment with strong roots in both the maritime sector and renewable power in Norway”, says Mikkel Tørud.

Tørud will take on the role of CEO from October this year, replacing Vidar Lundberg, who will become the new Chair of the Board.