Deepak Fertilisers And Petrochemicals Corporation Limited announced that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company vide Circular Resolution passed on 21st February, 2023, have approved the appointment of Mr. Terje Bakken as an Additional Director of the Company in the capacity of Independent Director for a first term of 3 consecutive years with effective from 20th February, 2023, subject to approval of Shareholders of the Company. The company announced that Mr. Bakken is not debarred from holding the office of Director. Mr. Terje Bakken, aged 62 years is a national of Norway, holding a master's degree of Science in Business Administration, MBA (Siviløkonom) Bath University, School of Management, England, has to his credit a thesis on R&D and Technology Transfer in Norwegian Multinational Corporations.

He is a Senior Executive in the Plant Nutrition and Industrial Nitrogen Solutions space with over 30 plus years rich experience from the International Fertilizer and process chemical industry, including 18 years in international assignments in Asia and Europe, enabling companies achieving strong global growth and operational achievements within fertilisers marketing, premium speciality Fertilisers, R&D Management, commodity trading, supply chain operations, global optimisations, solution oriented industrial marketing, nutrient recycling, organic fertilisers and general management. Given his experience as per above, he is well positioned for taking new senior positions in pioneering and sustainably oriented fertilizer companies. His key skills are strategic planning, international sales, supply chain management, business development, negotiations and international business operations.

He has a broad and deep fertilizer industry knowledge. He has a vast international network of fertilizer relationships. Mr. Bakken was in the Royal Norwegian Navy from 1979 ­ 1981, where he served as a deep-sea clearance diver.

Since May 2022 Bakken has been working as independent consultant, being General Manager for his own consultancy company.