(June 15, 2026 - Oslo, Norway) Nel ASA (Nel, OSE: NEL) Håkon Volldal has decided
to step down as President & Chief Executive Officer of Nel ASA to pursue another
professional opportunity.
Mr. Volldal has a six-month notice period and will continue in his role while
the search for his successor is conducted. The Board of Directors has initiated
the process to recruit a new CEO.
Chair of the Board, Arvid Moss, comments: "Since joining the company in July
2022, Mr. Volldal has played an important role in shaping Nel's strategy,
renewing the product portfolio, strengthening the organization and leadership
team, and building strategic partnerships with some of the world's leading
companies in the industry. The Board would like to thank him for his strong
contributions during his tenure and wish him the best of luck with the next step
in his career. Furthermore, the Board would like to emphasize that Nel's
strategic direction and top priorities remain unchanged."
Håkon Volldal says: "I am grateful for the opportunity I have had to serve as
Nel's President & CEO and would like to thank the Board of Directors and my
colleagues for their continued support during an eventful four-year period.
Although my new job will be in a different industry, I continue to be a strong
supporter of clean hydrogen in general and of Nel in particular. Electrolytic
hydrogen is essential for decarbonizing industry/transportation and for building
stable and resilient energy systems. Nel's long track record of delivering
reliable electrolyzers in combination with its ability to innovate and develop
new solutions, for example the recently launched pressurized alkaline system,
put the company at the forefront of the hydrogen industry. I am committed to
ensuring a smooth transition for the company."
ENDS
For additional information, please contact:
Kjell Christian Bjørnsen, CFO, +47 917 02?097
Wilhelm Flinder, Head of IR, Communications and Marketing, +47 936 11 350
About Nel ASA | www.nelhydrogen.com
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen
technology company with a global presence. The company specializes in PEM and
Alkaline electrolyser technology for production of renewable hydrogen. Nel's
product offerings are key enablers for a green hydrogen economy, making it
possible to decarbonize various industries such as transportation, refining,
steel, and ammonia.
This information is subject to a duty of disclosure pursuant to Section 5-12 of
the Norwegian Securities Trading Act. This information was issued as inside
information pursuant to the EU Market Abuse Regulation, and was published by
Wilhelm Flinder, Head of Investor Relations, Communications and Marketing, at
Nel ASA on the date and time provided.
\, Communications and Marketing\, at\
Nel ASA on the date and time provided.\