Yara International ASA, Oslo, on Aug. 22 announced organizational and management changes. Pablo Barrera Lopez will assume responsibility for Strategy & Business Development in addition to his current role as Executive Vice President, Supply Chain. Terje M. Tollefsen will take up the position of Newco IPO Lead Senior Vice President, Strategy & Business Development. The changes will take effect immediately.
“These changes represent a natural step in our journey to become a focused crop nutrition company, and will strengthen our execution of the ongoing IPO evaluation,” said Yara International President and CEO Svein Tore Holsether.
As part of a crop nutrition- focused strategy, the company announced in June that it is evaluating an IPO of its industrial nitrogen businesses, which would create the first integrated industrial nitrogen company (GM June 28, p. 1). The conclusion of a final IPO scope is expected in early 2020.
The Yara International ASA Executive Management team now has the following members: Svein Tore Holsether, President and CEO; Tove Andersen, EVP Production; Pablo Barrera Lopez, EVP Strategy and Supply Chain; Lair Hanzen, EVP Yara Brazil; Terje Knutsen, EVP Sales & Marketing; Kristine Ryssdal, EVP General Counsel; Lars Røsæg, EVP CFO; and Lene Trollnes, EVP People & Global Function.