Terje Knutsen appointed Head of Yara Downstream
(Thomson Reuters ONE) -
(Oslo, 10 April 2015) Yara International ASA has appointed Terje Knutsen as Head
of Downstream. He succeeds Egil Hogna, who has submitted his resignation.
Knutsen will assume his new position on 1 May 2015. Yara's Downstream business
unit manages the company's global sales, marketing and distribution of
fertilizers.
Terje Knutsen currently heads Yara's business unit for Downstream activities in
North & East Europe. Prior to this, he was Head of Business Unit Asia. Aged 52,
Knutsen holds a Master's degree in economics and business administration from
the Norwegian School of Economics (NHH). Since joining the company in 1987, he
has had an extensive international career, working twelve years outside Norway.
Knutsen will be part of Yara's executive management team and report to the
President and CEO.
"Terje Knutsen has extensive experience from Yara, ranging from heading business
units abroad to managerial positions at the headquarters. His competence will be
highly valuable as Yara continues its efforts to support a more efficient and
climate-smart agricultural sector," said Torgeir Kvidal, acting CEO of Yara
International.
Egil Hogna joined the company in 1999, and has been a member of Yara's
executive management team since August 2008, first as Chief Financial Officer,
and thereafter as Head of Downstream since August 2009. Hogna will be employed
by Yara until July 31, 2015.
"I have concluded that the timing is right to seek new challenges, and I look
forward to exploring potential opportunities. My tenure in Downstream and Yara
has been exciting, and I am particularly proud of our increased efforts and
results within safety, marketing and innovation, and the significant
acquisitions and company integrations we have carried out, especially in Latin
America," said Egil Hogna.
Egil Hogna has been a valuable member of the management team, and I regret that
he is leaving. I am grateful for the good and close cooperation we have had
during the years and wish him continued success," said Torgeir Kvidal.
For further information, please contact:
Esben Tuman, Head of Corporate Communications
Cellular: (+47) 90 50 84 00
E-mail: esben.tuman(at)yara.com
Anders Lerstad, Head of Investor Relations
Telephone: (+47) 24 15 72 95
Cellular: (+47) 93 42 69 54
E-mail: anders.lerstad(at)yara.com
Photos of Terje Knutsen: https://yaraurl.com/32l8
Photos of Egil Hogna: https://yaraurl.com/wtmb
About Yara
Yara's knowledge, products and solutions grow farmers' and industrial customers'
businesses profitably and responsibly, while nurturing and protecting the
earth's resources, food and environment. Our fertilizers, crop nutrition
programs and technologies increase yields, improve product quality and reduce
the environmental impact of agricultural practices. Our industrial and
environmental solutions improve air quality by reducing emissions from industry
and transportation, and serve as key ingredients in the production of a wide
range of goods. We foster a culture that promotes the safety of our employees,
contractors and societies. Founded in 1905 to solve emerging famine in Europe,
today, Yara has a worldwide presence, with more than 12,000 employees and sales
to more than 150 countries.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: Yara International ASA via GlobeNewswire
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