NHYDY Norsk Hydro ASA (QX)

TIDMNHY 
 
 
 
   The Corporate Assembly in Norsk Hydro ASA on Thursday approved Irene 
Rummelhoff as new deputy chair of the Board of Directors and two new 
members of the company's Board of Directors, Thomas Schulz and Marianne 
Wiinholt. 
 
   Inge K. Hansen is resigning from the Board of Directors and will be 
replaced by Irene Rummelhoff as new deputy chair of the Board effective 
May 26, 2016. Eva Persson is also resigning from the Board of Directors. 
Thomas Schulz and Marianne Wiinholt, will replace Inge K. Hansen and Eva 
Persson as shareholder-elected board members as of May 26, 2016. 
 
   After Thursday's election, the Board of Directors in Hydro consists of 
chair Dag Mejdell, deputy chair Irene Rummelhoff, shareholder-elected 
board members Finn Jebsen, Liv Monica Bargem Stubholt, Pedro Rodrigues, 
Thomas Schulz and Marianne Wiinholt, and the employee-elected board 
members Billy Fredagsvik, Sten Roar Martinsen and Ove Ellefsen. 
 
   Hydro's board members are elected for a period of up to two years. This 
year, the shareholder-elected representatives were up for election. The 
shareholder elected members of the board were elected for a period of up 
to two years. 
 
   Irene Rummelhoff (born 1967) is from Norway and is Executive Vice 
President New Energy Solutions  in Statoil. 
 
   Thomas Schulz (born 1965) is from Germany and is Group Chief Executive 
Officer in FLSmidth. 
 
   Marianne Wiinholt (born 1965) is from Norway and is Executive Vice 
President and Chief Financial Officer in Dong Energy 
 
   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/ 
 
 
   Investor contact 
 
   Contact Pål Kildemo 
 
   Cellular +47 97096711 
 
   E-mail Pål.Kildemo@hydro.com 
 
   Press contact 
 
   Contact Halvor Molland 
 
   Cellular +47 92979797 
 
   E-mail Halvor.Molland@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 pursuant to 
section 5-12 of the Norwegian Securities Trading Act. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Norsk Hydro via Globenewswire 
 
   HUG#2015767 
 
 
  http://www.hydro.com/en/?WT.mc_id=Pressrelease 
 

(END) Dow Jones Newswires

May 26, 2016 05:56 ET (09:56 GMT)

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