Yara International ASA announced on Aug. 10 that Magnus Krogh Ankarstrand has been appointed Executive Vice President, Corporate Development. He has held the position of CEO, Yara Clean Ammonia, since 2021 and previously held positions as Senior Vice President of 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. He 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 also retain this responsibility. Jorge Noval is named EVP and CEO Yara Industrial Solutions. He previously held the position of President, Yara Industrial Solutions, and will join the Yara Group Executive Board with this change.
“Yara has a clear strategic direction as presented in our recent Capital Markets Day and we are already well into the execution phase,” said Svein Tore Holsether, President and CEO of Yara International. “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.”
The changes are effective immediately. In addition to Holsether, Ankarstrand, and Noval, the Group Executive Board now consists of Chrystel Monthean, EVP Yara Americas; Fernanda Lopes Larsen,EVP Yara Africa and Asia; Mónica Andrés, EVP Yara Europe; Johan Labby, EVP Global Plants & Operational Excellence; Thor Giæver, EVP and CFO; Kristine Ryssdal, EVP and General Counsel; and Solveig Hellebust, EVP People, Process and Digitalization.