Norsk Hydro: Change in Hydro's Corporate Management Board
October 18 2016 - 1:07AM
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.
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