August 12, 2024 - Norwegian Mycelium (NoMy) has announced the appointment of Erik Tveteraas as Chief Financial Officer (CFO). Erik joins NoMy from Nutreco, where he led its strategic investment and innovation arm, NuFrontiers. There he managed Nutreco's investment portfolio across Animal Health, Nutrition (incl. Sustainable Ingredients), Precision Farming, Alternative Aquaculture Farming Tech and Alternative Protein.
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| Erik Tveteraas |
NoMy is a fermentation technology company transforming food industry side and waste streams into low-carbon, circular ingredients, using the power of fungi. Founded in 2020 and based in Oslo, Norway, the company currently collaborates with industry players and science powerhouses such as Skretting, SINTEF and the Norwegian Research Council to commercialise mycoprotein for feed applications. By deploying an asset-efficient scaling strategy and clear focus on product market-fit, the company plans to grow into pilot scale and initial commercial scale over the next 6-12 months.
Ingrid Donna, CEO and Co-founder of NoMy said: "I'm delighted that Erik is joining the company at a pivotal moment. As a strategic CFO, he enhances our investor readiness and strengthens our ongoing development of symbiotic industry partnerships. His extensive knowledge of the feed industry, coupled with his vast experience in investments, impactful innovations and partnerships, makes him the ideal choice to support NoMY in our long-term go-to-market strategy."
David Andew Quist, Chief Explorer and Co-founder of NoMY added: "The formation of NoMy back in 2019 was built on the premise of building a business that delivers real impact. The world has a massive and growing protein deficit. Fungi and proven fermentation technologies are key solutions in solving that. We are excited that Erik will add his expertise to the team, based on his wealth of experience in the feed industry and technology-enabled investments".
Erik Tveteraas contributed: "I'm excited to join NoMy at an important time in the company's history, and a critical time for the society to deliver new sustainable protein solutions. Having tracked raw materials markets for years and evaluated dozens of alternative ingredient sources, NoMy stood out with clear differentiating features. The feed and farming industries need to adapt to maintain social acceptance. In NoMy I saw a credible business model for scale, cost and product quality that can complement the traditional raw material basket; delivering both low environmental impact and 'local-for-local' supply cain resiliency that I'm confident will help meet sustainability goals across the value chains we target".
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The Aquaculturists
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