Two new board members in Hydro
(Thomson Reuters ONE) -
The Corporate Assembly in Norsk Hydro ASA on Friday approved two new members of
the company's Board of Directors, Liv Monica Bargem Stubholt and Eva Persson.
The two new board members replace Heidi M. Petersen and Grete Faremo. Faremo
resigned from the board in October 2009, after she was appointed Norway's
Minister of Defense.
After Friday's election, the Board of Directors in Norsk Hydro ASA consists of
Chairperson Terje Vareberg, Deputy Chairperson Bente Rathe, shareholder-elected
board members Finn Jebsen, Inge K. Hansen, Liv Monica Bargem Stubholt and Eva
Persson, and the employee-elected board members Billy Fredagsvik, Jørn B.
Lilleby and Sten Roar Martinsen.
Hydro's board members are elected for a period of two years. In practice the
employee-elected members and the shareholder-elected members are up for
re-election every other year. This year, the shareholder-elected representatives
were up for election.
Liv Monica Bargem Stubholt (born 1961) is from Oslo and is acting chief
executive of Aker Seafoods ASA and responsible in Aker ASA for Aker Clean Carbon
ASA.
Eva Persson (born 1953) is from Gothenburg, Sweden, and is general counsel in
the Volvo Group and member of the Volvo Group Executive Committee.
For more information on the Board of Directors in Norsk Hydro ASA, visit Hydro's
web site:
http://www.hydro.com/en/About-Hydro/Organization/Management-and-board/Board/
Press contact:
Halvor Molland
Mobile: +47 92979797
E-mail: halvor.molland(at)hydro.com
********
Certain statements included within this announcement contain forward-looking
information, including, without limitation, those relating to (a) forecasts,
projections and estimates, (b) statements of management's plans, objectives and
strategies for Hydro, such as planned expansions, investments or other projects,
(c) targeted production volumes and costs, capacities or rates, start-up costs,
cost reductions and profit objectives, (d) various expectations about future
developments in Hydro's markets, particularly prices, supply and demand and
competition, (e) results of operations, (f) margins,
(g) growth rates, (h) risk management, as well as (i) statements preceded by
"expected", "scheduled", "targeted", "planned", "proposed", "intended" or
similar statements. Although we believe that the expectations reflected in such
forward-looking statements are reasonable, these forward-looking statements are
based on a number of assumptions and forecasts that, by their nature, involve
risk and uncertainty. Various factors could cause our actual results to differ
materially from those projected in a forward-looking statement or affect the
extent to which a particular projection is realized. Factors that could cause
these differences include, but are not limited to: our continued ability to
reposition and restructure our upstream and downstream aluminium business;
changes in availability and cost of energy and raw materials; global supply and
demand for aluminium and aluminium products; world economic growth, including
rates of inflation and industrial production; changes in the relative value of
currencies and the value of commodity contracts; trends in Hydro's key markets
and competition; and legislative, regulatory and political factors. No assurance
can be given that such expectations will prove to have been correct. Hydro
disclaims any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1413065]
Unternehmensinformation / Kurzprofil:
Datum: 07.05.2010 - 11:22 Uhr
Sprache: Deutsch
News-ID 20482
Anzahl Zeichen: 0
contact information:
Town:
Oslo
Kategorie:
Business News
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"Two new board members in Hydro"
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