Norsk Hydro AS Norsk Hydro: Change In Hydro's Corporate Management Board

 
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 [phone] 
 
   E-mail [e-mail] 
 
   Press contact 
 
   Contact Halvor Molland 
 
   Cellular [phone] 
 
   E-mail [e-mail] 
 
   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)

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