Mycoprotein producer Norwegian Mycelium welcomes former Nutreco-exec Erik Tveteraas as Chief Financial Officer

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 (including Sustainable Ingredients), Precision Farming, Alternative Aquaculture Farming Tech and Alternative Protein. At NoMy, Tveteraas will leverage significant industry experience to support and de-risk NoMy’s growth journey as it embarks on its next chapter of development. Tveteraas has an MSc degree in International Business from the University of Edinburgh.

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, NoMy 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, NoMy plans to grow into pilot scale and initial commercial scale over the next six to 12 months.

“I’m delighted that Erik is joining the company at a pivotal moment," commented Ingrid Dynna, CEO & Co-founder of NoMy. "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."

“The formation of NoMy back in 2019 was built on the premise of building a business that delivers real impact," added David Andew Quist, Chief Explorer & Co-founder of NoMy. "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.”

“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," said Tveteraas. "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 chain resiliency that I’m confident will help meet sustainability goals across the value chains we target.”