Norsk Hydro AS Norsk Hydro: Change In Hydro's Corporate Management Board
18 October 2016 - 4:01PM
UK Regulatory
TIDMNHY
Executive Vice President and Head of Hydro's business area Bauxite &
Alumina, Alberto Fabrini, will leave Norsk Hydro ASA. The change will be
effective from October 18.
Alberto Fabrini was appointed Executive Vice President and member of
Hydro's Corporate Management Board in 2014. He was previously Chief
Operating Officer in Bauxite & Alumina and plant manager of the Albras
primary plant in Brazil.
Fabrini has also held the position as plant manager of Hydro's former
part-owned Alpart alumina refinery in Jamaica and plant manager at
Hydro's Kurri Kurri primary plant in Australia.
Eivind Kallevik has been appointed acting EVP/Head of Bauxite & Alumina
business area. The process to find a permanent successor has started and
will be communicated in due time. Kallevik will at the same time remain
in his position as CFO.
Investor contact
Contact Stian Hasle
Cellular +47 97736022
E-mail Stian.Hasle@hydro.com
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland@hydro.com
This information is subject of the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
Certain statements included in this announcement contain forward-looking
information, including, without limitation, information relating to (a)
forecasts, projections and estimates, (b) statements of Hydro management
concerning plans, objectives and strategies, such as planned expansions,
investments, divestments, curtailments 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, and (i) qualified statements such as
"expected", "scheduled", "targeted", "planned", "proposed", "intended"
or similar.
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 businesses; 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 because of new information, future
events or otherwise.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
http://www.hydro.com/en/?WT.mc_id=Pressrelease
(END) Dow Jones Newswires
October 18, 2016 01:01 ET (05:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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