Elkem

Board/Management Information • Feb 25, 2022

Changes in Elkem's corporate management

Changes in Elkem's corporate management

Frederic Jacquin has been appointed as Elkem's SVP Strategy & Business

Development and Asbjørn Søvik has been appointed as Elkem's SVP Green Ventures &

Digital. Mr. Jacquin will continue to head up the company's Silicones division

until the replacement process has been concluded, expected by end of June 2022.

Frederic Jacquin will start in his role as Senior Vice President for Strategy &

Business Development from 1 March 2022. In this role, he will be responsible for

corporate strategy and business development, including mergers and acquisitions

(M&A) and new growth projects supporting all of Elkem's business divisions.

"Fred has served as Elkem's head of the Silicones division since 2015,

concluding with a year of record results in 2021 both for the company as a whole

and for the division. This is a strong achievement. I am very pleased that Fred

has accepted the opportunity to use his experience in the role of head of

Elkem's strategy and business development, and I look forward to continuing to

have him as a member of the corporate management team. The process to nominate

Fred's successor as head of the Silicones division is ongoing. Our aim is to

further strengthen the presence of Elkem's corporate and divisional leadership

in Asia while continuing the existing dual strategy for the Silicones division

of development and growth both in China and the rest of the world," says Elkem's

CEO, Helge Aasen.

Asbjørn Søvik has been appointed Senior Vice President for Green Ventures &

Digital from 1 March 2022. In this new role, Asbjørn will assume responsibility

for Elkem's work within battery materials, biocarbon and digitalisation. This

includes the responsibility for Vianode, the subsidiary and brand created by

Elkem to pursue strategic growth opportunities for advanced battery materials.

"Asbjørn has served as Elkem's head of Business Development since 2018. In this

period, we have set out a clear strategy to grow and strengthen our competitive

positions through operational excellence and increased specialization, with a

special focus on continuous improvement within people and organisation,

digitalisation and ESG. We have delivered strong progress, including the

acquisitions of Basel Chemie and Polysil, further strengthening our position in

specialised silicones segments in Asia. I am very pleased that Asbjørn has

accepted the opportunity to use his experience as our head of Green Ventures &

Digital, a new role set up to further accelerate Elkem's efforts in these

important and high-potential areas, and I look forward  to continuing to have

him as a member of the corporate management team," says Aasen.

Mr. Frederic Jacquin has been the Senior Vice President of Silicones at Elkem

since 2015. He has previously worked for 11 years in Elkem Silicones

International. He held the position as Vice President of Marketing and Sales

before he was appointed head of Elkem Silicones in early 2015. Mr. Frederic

Jacquin has a long experience with specialty chemicals and has thereby acquired

a broad and international experience in specialty chemicals business development

and industrial marketing. He holds an Executive MBA from the ESSEC French

Business School and a Magistere in Marketing and Communication from La Sorbonne

French University (Celsa).

Mr. Asbjørn Søvik has been the Senior Vice President of Business Development at

Elkem since 2018. He has worked in the company since 1995 and was previously the

SVP for the Carbon division from 2007 to 2018. Mr. Søvik has an extensive

international management experience from plants and divisions in the United

States, Brazil and Norway. He has a broad experience from most of Elkem's

different functions, such as Raw Materials, Marketing & Sales, Energy,

Operations and M&A. He holds a MSc (Siving.) in Engineering from the Norwegian

University of Science and Technology (NTNU) and an MBA from IESE in Spain.

For further information, please contact:

Odd-Geir Lyngstad

VP Finance & Investor Relations

Tel: +47 976 72 806

Email: odd-geir.lyngstad@elkem.com

Fredrik Norman

VP Corporate Communications & Public Affairs

Tel: +47 918 66 567

Email: fredrik.norman@elkem.com

About Elkem

Elkem is one of the world's leading providers of advanced material solutions

shaping a better and more sustainable future. The company develops silicones,

silicon products and carbon solutions by combining natural raw materials,

renewable energy and human ingenuity. Elkem helps its customers create and

improve essential innovations like electric mobility, digital communications,

health and personal care as well as smarter and more sustainable cities. With a

strong track record since 1904, its global team of more than 7,000 people has a

joint commitment to stakeholders: Delivering your potential. In 2021, Elkem was

rated among the world's leading companies on climate, with a roadmap towards net

zero emissions by 2050, and achieved an operating income of NOK 33.7 billion.

Elkem is listed on the Oslo Stock Exchange (ticker: ELK). www.elkem.com