Norsk Hydro
oslo : NHY

June 08, 2012 02:13 ET

Changes to Hydro's Corporate Management Board

OSLO, NORWAY--(Marketwire - Jun 8, 2012) - 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.

The Projects business area 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Norsk Hydro via Thomson Reuters ONE [HUG#1618075]

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