Norsk Hydro ASA (NHYDY: OTC Link) | Changes to Hydro’s Corporate Management Board

OTC

Changes to Hydro’s Corporate Management Board

Jun 08, 2012

OTC Disclosure News Service

Oslo, Norway –

Norsk Hydro ASA will change the structure and composition of its Corporate Management Board, effective August 15, to reflect the company’s strategic agenda.

 

Metal Markets and Primary Metal will be organized under the leadership of Executive Vice President (EVP) Hilde Merete Aasheim. Metal Markets will continue to be reported as a separate reporting segment. The changes will ensure a realization of even more synergies between the two business areas.

 

Kjetil Ebbesberg, EVP and currently head of Metal Markets, will take on the job as plant manager of the Holmestrand rolling mill.

 

Projects and EVP Tom Røtjer, today part of Corporate Management Board, will report to EVP and head of Energy Arvid Moss.

 

The announced changes will take effect on August 15 and will reduce the number of members of Corporate Management board from 10 to 8.

 

 

Investor contact

Contact     Stian Hasle

Cellular    +47 97736022

E-mail      Stian.Hasle@hydro.com

 

Press contact

Contact     Halvor Molland

Cellular    +47 92979797

E-mail      Halvor.Molland@hydro.com

 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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