NEL ASA: Bent Skisaker appointed new CFO of Nel

(Oslo, 21 June 2016) Bent Skisaker has been appointed Chief Financial Officer of Nel ASA (Nel) with effect from 1 September 2016.

“We are happy to announce Bent as the new Chief Financial Officer of Nel. Bent has extensive experience as a financial executive from performance-driven listed- and private equity owned companies, and his background is a perfect fit for the industrial growth phase Nel has entered. I look forward to working with Bent as a part of the management team where he will play an important role,” says Jon André Løkke, Chief Executive Officer of Nel.

Skisaker comes from a position as Chief Financial Officer (CFO) of Eureka Pumps and has more than ten years experience as CFO in various companies in the Aker Group. Bent has also served eight years as an auditor and financial advisor at Ernst & Young/Arthur Andersen. Skisaker holds a Master in Accounting and Auditing from the Norwegian School of Economics (NHH), a B.A. of Business Organisation from Heriot-Watt University, and is qualified as a State Authorised Public Accountant in Norway.

1 June 2016, Nel established the new Nel Hydrogen Solutions division focusing on new markets like California and Japan. In addition, the markets in Germany and Scandinavia represents significant opportunities. The key business propositions are:  

  •   Hydrogen fueling station networks, including hydrogen production
  •   Renewable hydrogen production from small- to large scale projects
  •   Energy storage solutions and constant renewable supply
  •   Operation, maintenance, ownership, and financing solutions

“Nel Hydrogen Solutions aims to be the preferred business partner for the hydrogen industry in California, Japan and Germany for the development of hydrogen solutions across the value chain, from hydrogen fueling stations networks to large-scale renewable hydrogen production plants. Nel Hydrogen Solutions leverages on the experience from delivering and operating the entire Danish hydrogen network, in collaboration with leading oil-, energy- and gas companies. Nel Hydrogen Solutions will also be responsible for the deployment of equipment to Uno-X Hydrogen and the building of a network of hydrogen fueling stations that will enable fuel cell electric vehicles to operate between all the major cities in Norway within 2020,” says Løkke.  

Following the appointment, Nel’s management group will consist of the following five executives and three division managers:

  • Chief Executive Officer: Jon André Løkke
  • Chief Financial Officer: Bent Skisaker
  • Chief Technology Officer: Anders Søreng
  • Market Development/PR: Bjørn Simonsen
  • Business Development: Mikael Sloth

Division managers:

  • Nel Hydrogen Electrolyser: Lars Markus Solheim (operations in Notodden, Norway)
  • Nel Hydrogen Fueling: Jørn Rosenlund (operations in Herning, Denmark)  
  • Nel Hydrogen Solutions: Jacob Krogsgaard (system integration)

“With this last appointment, Nel has establisted a management team ready to leverage on the growth opportunities going forward, “ says Løkke.

Skisaker assumes the CFO position September 1 2016, succeeding CFO Lars Christian Stugaard.

"Lars Christian has served as both interim CEO and CFO during a very important and successful period for Nel. He has played an important role in the development of the company, following the road from inception as a listed company to where Nel stands today. Lars Christian will continue to support Nel during the transision phase and I would like to thank him for his dedication and great efforts to Nel,” Jon André Løkke concludes.

For additional information, please contact:

Jon André Løkke, CEO, +47 90 74 49 49

About Nel

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its foundation in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today. www.nel-hydrogen.com.

About Us

NEL ASA is a leading global supplier of hydrogen technology for industrial / energy purposes, and has made over 500 deliveries in more than 50 countries. The company's main products are hydrogen production plants based on water electrolysis, complete hydrogen stations for transport and renewable energy storage solutions. The company has its roots from the hydrogen activities of Norsk Hydro, which dates back to 1927. The company also has a number of patents related to tests for early detection and diagnosis of diseases.

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