Governance
Here at Nel, we believe that good corporate governance builds confidence among shareholders, employees, partners, customers, and other stakeholders, and thereby supports maximum value creation over time.
As a company which conducts business on all continents, our compliance system is vital in order to achieve sustainable value creation and a robust culture.
Nel group management

CEO
CFO


CTO
Marius Løken assumed his role as Chief Technical Officer (CTO) of Nel ASA in June 2023. Prior to this, he honed his leadership at TOMRA Systems ASA, ascending through positions like Head of Europe Asia Pacific, Head of Technology, and Head of Product Management. In total, Marius spent over 23 years at TOMRA, making significant contributions across various technological and commercial facets. His academic foundation is rooted in a Master of Science in Mechanical from the Norwegian University of Science and Technology (NTNU), with the master thesis conducted at Michigan Technological University.
COO


CHRO
CPO Electrolyser


SVP Legal and General Counsel
CCO Electrolyser


SVP Fueling
Board members

Ole Enger
Chair
Hanne Blume
Board member


Charlotta Falvin
Board member
Beatriz Malo De Molina
Board member


Tom Røtjer
Board member
Arvid Moss
Board member


Jens Bjørn Staff
Board member
Code of Conduct
In Nel we believe that conducting business in an ethical, transparent, and responsible manner is not just the right way to work, but the only way to work. It is not sufficient to provide the best possible technical solutions, we also need to conduct ourselves in the best possible way.
Compliance with applicable national and international laws and regulations is mandatory, but we have to go beyond that. We must ensure that we do our business with the highest integrity, respecting the cultures, dignity, and rights of individuals and entities in the regions where we operate. We want to avoid the risks associated with inappropriate conduct and instead turn ethical and responsible business into a competitive advantage for Nel. I expect all of us to show the world that Nel will lead the way in this area also.
Therefore, we have developed a Code of Conduct, which describes business ethics principles and practices that are fundamental to Nel. The document reflects our values, the key pillars of the Nel Business System (NBS), and generally accepted principles for how to behave and act. Adhering to the Code of Conduct is mandatory for everyone who works in Nel or acts on behalf of Nel.
Combined with your sound judgement, the Code of Conduct should help you to make the right decisions. If anything is unclear or you have any questions about the Code of Conduct, you should seek guidance from your manager or other internal resources. I strongly encourage all employees and stakeholders to ask questions if you observe any suspicious behavior and/or possible violations of the Code of Conduct.
Any report of concern can be done through one of our reporting channels.
- Håkon Volldal, CEO
Remuneration
Our remuneration principles are designed to ensure responsible and sustainable remuneration practises that support our business strategy, long-term interests, and sustainable business practises.
We have a leading role within the global hydrogen industry, and as such we compete for senior management talent within the industry in all its locations worldwide.
For previous information please see our Reports and Presentations page.