SOURCE: Norsk Hydro

August 18, 2010 03:22 ET

Changes to Hydro's Corporate Management Board

OSLO, NORWAY--(Marketwire - August 18, 2010) -

Arvid Moss, 52, has been appointed executive vice president for Hydro's Energy business area, following Ola Sæter, 49, who will take over as head of Global Smelters in the Primary Metal business area, in a move that will strengthen the company's ability to develop its current portfolio and pursue new business opportunities.

Moss, currently executive vice president for Strategy and Business Development, will in his new position retain responsibility for Corporate Business Development. Moss remains on the Corporate Management Board (CMB), while Sæter steps down from the CMB.

The changes will become effective from September 1, 2010.

This information is subject of the disclosure requirements acc. to §5- 12 vphl (Norwegian Securities Trading Act)


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Source: Norsk Hydro via Thomson Reuters ONE

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