Board/Management Information • May 13, 2024
Board/Management Information
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Norsk Hydro: Changes in Hydro's Executive Leadership Team
Hydro's new President and CEO, Eivind Kallevik, introduced changes to the
company's Executive Leadership Team when he assumed his new position on May
13, 2024.
Hanne Karine Simensen, former Head of Commercial in Hydro Aluminium Metal, will
take over as Executive Vice President (EVP) of Hydro Aluminium Metal, following
Eivind Kallevik. Kari Ekelund Thørud, Head of Ownership Governance in Hydro
Energy, is replacing Arvid Moss as Executive Vice President of Hydro Energy, as
Moss has decided to step out of the role effective from July 1, 2024 after 16
years in Hydro's Executive Leadership Team. Moss will continue in the capacity
as Chairman of the Board of Hydro Rein.
Trond Olaf Christophersen, Executive Vice President for Corporate Development
and interim Chief Financial Officer (CFO), will take on the role as CFO. The
Corporate Development portfolio will continue to report to Trond Olaf
Christophersen.
As part of the changes introduced, Hydro has revised the name of Corporate
Management Board to Executive Leadership Team.
Hydro's Executive Leadership Team will be as follows:
* President and CEO: Eivind Kallevik
* EVP and CFO: Trond Olaf Christophersen
* EVP Hydro Bauxite & Alumina: John Thuestad
* EVP Hydro Energy: Kari Ekelund Thørud*
* EVP Hydro Aluminium Metal: Hanne Karine Simensen
* EVP Hydro Extrusions: Paul Warton
* EVP People and HSE: Hilde Vestheim Nordh
* EVP Communication and Public Affairs: Therese Rød Holm
* EVP Compliance, IP and General Counsel: Anne-Lene Midseim
*Effective from July 1, 2024
With the new Executive Leadership Team, the share of women in Hydro's top
leadership is now 55 percent.
Hanne Karine Simensen to take on the position as new EVP Hydro Aluminium Metal,
succeeding Eivind Kallevik
Hanne Karine Simensen is appointed EVP in Hydro Aluminium Metal, following
Eivind Kallevik. Simensen comes from the position as Head of Hydro Aluminium
Metal Commercial. She has long experience from Hydro starting in 1994, including
Director and Head of Hydro's Global Business Services and EVP for People & HSE,
as well as several senior positions in Hydro within the energy business.
Kari Ekelund Thørud to take on the position as new EVP Energy, succeeding Arvid
Moss
Kari Ekelund Thørud is appointed EVP in Hydro Energy, effective from July 1.
Thørud follows Arvid Moss, who has decided to step out of the role. Thørud is
currently Head of Ownership Governance in Hydro Energy. She has extensive
experience from the energy industry, including CEO of Nord Pool, and Deputy CEO
and Senior Vice President in Hafslund Markets.
Trond Olaf Christophersen to take on the position as CFO
Trond Olaf Christophersen has been appointed CFO and EVP, succeeding Pål
Kildemo. Christophersen was appointed acting CFO on March 6, 2024.
Christophersen comes from the role as EVP Corporate Development. He has
extensive experience from various roles in Hydro since he joined the company in
1997. This includes Senior Vice President and Head of Recycling in Aluminium
Metal, key commercial leadership positions in Hydro Energy and Hydro Aluminium
Metal, plant manager for Hydro's Karmøy smelter as well as several commercial,
business development, and project roles in Hydro's previous oil and gas
activities.
Investor contact:
Martine Rambøl Hagen
+47 91708918
Media contact:
Halvor Molland
+47 92979797
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act
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