Yara changes to the Executive Management Team

22-May-2009 - Norway

Yara International ASA is introducing changes to the company's Executive Management Team through both an internal reshuffle and the hiring of new employees.

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.

Håkan Hallèn 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. Håkan Hallén 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. Håkan Hallén will bring with him crucial experience to Yara, which will contribute to the further developlement of the Company" says President and CEO, Jørgen Ole Haslestad.

Yara's Executive Management Team will comprise the following persons as and from 1 August 2009: President and CEO: Jørgen 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 Officer: Håkan Hallén; Chief Legal Counsel: Trygve Faksvaag; Chief Communications Officer: Arne Cartridge

https://www.chemeurope.com/en/news/101145/yara-changes-to-the-executive-management-team.html