Elkem

Board/Management Information • Mar 8, 2024

Elkem appoints new acting SVP for Silicones division

Elkem appoints new acting SVP for Silicones division

Larry Zhang has accepted a new position in Sinochem and Sandy Chen has been

appointed Acting Senior Vice President for Elkem's Silicones division, a leading

global player in fully integrated silicone manufacturing.

Both will step into their new roles with immediate effect.

Sandy Chen comes from the position as the Vice President Asia Pacific region in

the Elkem Silicones division. Sandy has a long and extensive experience both

within leadership and the silicones global business. She holds a polymer

master's degree from Beijing Technology and Business University.

"Elkem is one of the world's leading suppliers of silicon-based advanced

material solutions shaping a better and more sustainable future, and we are

proud to be a global leader in fully-integrated silicone manufacturing. Elkem

pursues a strategy of dual play growth and green leadership, and this will

continue in the Silicones division under Sandy's temporary leadership. I know

Sandy as a committed business leader and I very much look forward to having her

as a temporary member of Elkem's corporate management team, until a permanent

solution is in place," says Elkem's CEO Helge Aasen.

"I am honored to be appointed as the Acting SVP for Elkem's Silicones division

and will do my utmost to lead the global team delivering on our ambitious

targets in 2024," says the acting SVP Silicones Sandy Chen.

Elkem's silicones division is a fully integrated producer from silicon metal to

upstream siloxanes and downstream silicone specialties. The division has two

large expansion projects in France and China which will be finalised in 2024.

These projects will improve the plants' cost positions, mainly through lower

energy and raw material consumption. The new production line in China is

expected to be on level with the current lowest cost producers.

For further information, please contact:

Odd-Geir Lyngstad

VP Finance & Investor Relations

Tel: +47 976 72 806

Email: odd-geir.lyngstad@elkem.com

Maria Ekornes Myhre

Acting VP Corporate Communications and Public Affairs

Tel: +47 994 12 707

Email: maria.ekornes.myhre@elkem.com

Elkem is one of the world's leading providers of advanced silicon-based

materials 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

7,400 people has a joint commitment to stakeholders: Delivering your potential.

In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings

of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on

the Oslo Stock Exchange (ticker: ELK), where the company is also included in the

ESG Index. www.elkem.com