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Yara's Head of Downstream, Edward Cavazuti, will move back to the USA, for family reasons, where he will head up Yara's business development in the Americas. The current Chief Financial Officer, Egil Hogna, will take over as the new Head of Downstream, while the Head of Strategy, Supply & Trade, Hallgeir Storvik, will become the new Chief Financial Officer & Head of Strategy. Head of Industrial, Terje Bakken, will take over responsibility for the company's activity within the fields of Supply and Trade. An external recruitment process will take place to hire a new Head of Industrial. Trond Stangeby will act as the Head of Industrial until this position is filled. Changes to responsibilities within the Executive Management Team will come into effect on 1 August 2009.
Hakan Hallen has been hired as the new Chief Human Resources Officer as Anne Grethe Dalane will take over on 1 August 2009 as the Business Unit Manager for Latin America and Country Manager for Argentina. Hakan Hallen is coming from Aibel and has extensive experience in the area of human resource administration and management within international organizations, including UBS, Volvo, The World Bank, OECD and Accenture.
"The changes to the Executive Management Team do not imply a change to company strategy but they relate to the efforts to further improve the Company's global processes and also an opportunity to concentrate on development within important areas for the future. Hakan Hallen will bring with him crucial experience to Yara, which will contribute to the further developlement of the Company" says President and CEO, Jorgen Ole Haslestad.
Yara's Executive Management Team will comprise the following persons as and from 1 August 2009:
President and CEO Jorgen Ole Haslestad CFO & Head of Strategy Hallgeir Storvik Head of Upstream Tor Holba Head of Downstream Egil Hogna Head of Industrial New employee (Trond Stangeby acting) Head of Supply & Trade Terje Bakken Chief Human Resources Hakan Hallen Officer Chief Legal Counsel Trygve Faksvaag Chief Communications Officer Arne Cartridge
Contact
Bente Slaatten, Communications Mobile: (+47) 91 606 215 E-mail: bente.slaatten@yara.com
Torgeir Kvidal, Investor Relations Tel: (+47) 24 15 72 95 Mobile: (+47) 91 339 832 E-mail: torgeir.kvidal@yara.com
Yara International ASA er et ledende kjemiselskap som konverterer energi, naturlige mineraler og nitrogen fra luften til essensielle produkter for bonder og industrielle kunder. Som verdens storste leverandor av mineralgjodsel med 8 prosent markedsandel og agronomiske losninger hjelper vi til med a skaffe mat til verdens voksende befolkning. Var industrielle produktportefolje inkluderer miljoprodukter som renser luft og avlopsvann og bevarer matvarekvaliteten. Yaras globale arbeidsstyrke pa over 8.000 ansatte representerer betydelig mangfold og talent, og bidrar til Yaras posisjon som den ledende aktoren innen sin bransje. www.yara.com
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
SOURCE: Yara International ASA
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