Shake-Up In Norsk Hydro’s Executive Management As Aasheim Assumes Company’s Top Office

Shake-Up In Norsk Hydro’s Executive Management As Aasheim Assumes Company’s Top Office

Norwegian aluminium producer Norsk Hydro ASA announced several changes in its executive team earlier this week following Hilde Merete Aasheim’s ascension to the company’s position of president and CEO.

Aasheim, who assumed her new role on Wednesday, named Eivind Kallevik to fill her former seat of head of Primary Metal, while Pål Kildemo assumes Kallevik’s vacated position as Chief Financial Officer. Kildemo will step in as temporary acting head of Primary Metal in addition to his current role of Head of Finance in Primary Metal until all the above changes go into effect on August 15.

Meanwhile, Einar Glomnes will vacate his post as head of global joint ventures in Primary Metal to become head of Rolled Products upon Kjetil Ebbesberg’s vacancy, which will also occur in mid-August.

“Eivind Kallevik, a senior leader with broad international experience from across Hydro’s value chain, will assume responsibility for Primary Metal,” explained Aasheim. “The young but already experienced talent Pål Kildemo will take a key role as our new CFO and accelerating Hydro’s ongoing improvement agenda. Einar Glomnes brings with him extensive commercial and industry experience as we are now accelerating restructuring and performing a strategic review of Rolled Products.”

John Thuestad will remain as EVP of Bauxite and Alumina, Arvid Moss will continue as EVP of Energy in addition to taking on responsibilities for Projects, Corporate Climate Office and Corporate Business Development, and Egil Hogna will remain as EVP of Extruded Solutions.

Acting EVP of People and HSE Hilde Vestheim Nordh, EVP of Communication and Public Affairs Inger Sethov, and EVP of Legal, CSR, and Compliance Anne-Lene Midseim remain to round out Hydro’s executive management.

Norsk Hydro, which was founded in 1905, financed by the Swedish Wallenberg family and French banks, began its life named Norsk hydro-elektrisk Kvælstofaktieselskab (literally, “Norwegian hydro-electric nitrogen limited”) by Sam Eyde. The Norwegian government owns approximately 40% of the company at the present time. Norsk Hydro is one of the largest aluminium companies in the world, with plants in Rjukan, Raufoss, Vennesla, Karmøy, Høyanger, Årdal, Sunndalsøra, and Holmestrand. Norsk also has several plants abroad, including in Germany and Brazil.