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Norsk Hydro ASA (NHY.OL)

NHY.OL on Oslo Stock Exchange

57.10NOK
14 Dec 2017
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Summary

Name Age Since Current Position

Dag Mejdell

60 2014 Chairman of the Board

Svein Brandtzaeg

60 2009 President, Chief Executive Officer, Member of the Management Board

Irene Rummelhoff

50 2016 Deputy Chairman of the Board

Eivind Kallevik

50 2016 Chief Financial Officer, Executive Vice President, Member of the Management Board

Anne-Lene Midseim

49 2015 Executive Vice President CSR, Compliance and General Counsel, Member of the Management Board

Hanne Simensen

50 2015 Executive Vice President People & HSE, Member of the Management Board

Hilde Aasheim

59 2009 Executive Vice President Primary Metal, Member of the Management Board

Kjetil Ebbesberg

46 2015 Executive Vice President Rolled Products, Member of the Management Board

Arvid Moss

59 2010 Executive Vice President Energy and Corporate Business Development, Member of the Management Board

Silvio Porto

57 2016 Executive Vice President Bauxite & Alumina, Member of the Management Board

Inger Sethov

47 2015 Executive Vice President Communication & Public Affairs, Member of the Management Board

Liv Bargem Stubholt

56 2010 Director

Billy Fredagsvik

61 2007 Director, Employee Representative

Finn Jebsen

67 2007 Director

Sten Martinsen

55 2005 Director, Employee Representative

Thomas Schulz

52 2016 Director

Svein Sund

2017 Director, Employee Representative

Marianne Wiinholt

52 2016 Director

Stian Hasle

2016 Head of Investor Relations

Biographies

Name Description

Dag Mejdell

Mr. Dag Mejdell has served as Chairman of the Board of Directors of Norsk Hydro ASA since May 27, 2014. He has been Member of the Board since May 25, 2012. He is currently Chairman of International Post Corporation, Chairman of Sparebank 1 SR Bank ASA, NSB AS, Deputy Chair of SAS AB and Board Member in Telecomputing AS. He holds a Master of Science degree in Economics and Business Administration from Norges Handelshoyskole, Bergen - NHH. He is Chairman of the Board's Compensation Committee at the Company.

Svein Brandtzaeg

Mr. Svein Richard Brandtzaeg has served as President and Chief Executive Officer of Norsk Hydro ASA since March 30, 2009. He has also been Member of the Management Board of the Company since 2006. Prior to this, he served as Executive Vice President responsible for Aluminum Products of Norsk Hydro ASA from 2006. He started his career as Project Manager in the ASV Group before joining Hydro in 1985. In subsequent years he held various positions within Hydro's aluminum business, including Cathode Workshop Manager, Human Resources Training and Education Manager, Technical Manager and Casthouse and Marketing Manager. From 1998 to 1999, he was Vice President Casthouses before serving as Head of Magnesium in 2000-2001. During the period 2002-2003, he was Head of Metal Products and in 2003-2006 Head of Rolled Products. He serves as Chairman of the Board of the Norwegian University of Science and Technology (NTNU). Mr. Brandtzaeg holds a degree from Handelhoyskolen BI and a Doctorate of Philosophy degree from Norges Teknisk-Naturvitenskapelige Universitet - NTNU.

Irene Rummelhoff

Ms. Irene Rummelhoff has served as Deputy Chairman of the Board of Directors of Norsk Hydro ASA since May 26, 2016. She has been Director of the Company since May 27, 2014. She serves as Executive Vice President, New Energy Solutions in Statoil. She holds a Master of Science degree in Geology/Geophysics from the Norwegian Institute of Technology (NTH). She is Member of the Company's Compensation Committee.

Eivind Kallevik

Mr. Eivind Kallevik has served as Executive Vice President, Chief Financial Officer and Member of the Management Board of Norsk Hydro ASA since February 15, 2013. He was also Acting Head of Bauxite & Alumina business area at the Company from October 18, 2016 till December 13, 2016. He was previously Head of Finance in Bauxite & Alumina business area at the Company. He has worked in the Company since 1998 in a variety of senior positions in the corporate center and in business areas along the value chain, in Norway and internationally. His career at the Company includes core positions within the finance area, including corporate accounting, financial reporting, performance management and treasury. He was Head of Corporate Financial Reporting, Performance and Tax, Head of Finance Aluminum Products, Head of Business Controlling Hydro Aluminum and responsible for Trade Finance & Cash Management in Norsk Hydro ASA. Prior to Hydro, he served 6 years of Oil and Gas Financing in Christiania Bank og Kreditkasse. He also serves as Board member in Sapa AS. Mr. Eivind Kallevik holds a Master of Business Administration from the University of San Francisco.

Anne-Lene Midseim

Ms. Anne-Lene Midseim has been Executive Vice President CSR, Compliance and General Counsel, Member of the Management Board at Norsk Hydro ASA since January 1, 2015. She has been company secretary and former Head of Staffs in Hydro's Bauxite & Alumina business area in Brazil. She was also Head of Corporate Social Responsibility and Legal Counsel, Resident Legal Advisor in East-Timor, Oil for development program, Lawyer for Norwegian Law firm Vogt & co, and Executive Officer in the Ministry of Oil and Energy. She joined Hydro in 1998. She is Member of the Board of Sapa AS and member of the Nomination Committee of Transparency International Norge. She holds a cand. jur. degree in Law from Universitetet i Oslo.

Hanne Simensen

Ms. Hanne Simensen has been Executive Vice President People & HSE (Health, Safety and Environment) and Member of the Management Board at Norsk Hydro ASA since January 1, 2015. She joined the Company in 1994. She is former Head of HR in the Energy business area and has been head of Energy Markets in Hydro. She was also Head of Trading Energy and Head of LPG Shipping and Trading. She has three years of experience from Rolled Products. She holds a Master of Management from Handelshoyskolen BI.

Hilde Aasheim

Ms. Hilde Merete Aasheim has been Executive Vice President Primary Metal and Member of the Management Board of Norsk Hydro ASA since March 30, 2009. She was Executive Vice President, Aluminum Metal business area of the Company from November 2008. She joined Norsk Hydro ASA in October 3, 2005, as Executive Vice President for Leadership & Culture (Human Resources, Health, Environment, Safety and Corporate Social Responsibility). Before she came to Hydro Norsk ASA, she was working at the Norwegian industrial Company Elkem AS from 1986 to 2005. She had several senior positions in the Company, both as Line Manager and Manager for Functions such as finance, human resources, health, environment and safety. In 2002, she was Head of the Silicon Division and also Member of Elkem’s Corporate Management Board. She was also Head of the Integration between Statoil and Hydro's oil and gas activities. Additionally to her current duties at the Company, she serves as Chairperson of the Board in Norsk Industri. Ms. Aasheim has a Master of Science degree in Economics and Business Administration from Norges Handelshoyskole, Bergen - NHH, and is also Certified Public Accountant.

Kjetil Ebbesberg

Mr. Kjetil Ebbesberg has been appointed Executive Vice President Rolled Products and Member of the Management Board at Norsk Hydro ASA effective as of January 1, 2015. Before that, he was Managing Director and Plant Manager at Holmestrand rolling mill in Norway. He previously served as Executive Vice President for Metal Markets and Member of Management Board of Norsk Hydro ASA until August 15, 2012. He has held this position since March 30, 2009. He worked as Chief Financial Officer (CFO) in Coop. He previously worked for Norsk Hydro ASA between 1996 and 2007. He also worked as CFO in Metal Products, Head of Foundry Alloys, and has international experience from Extrusion and Building Systems. He serves as Chairman of the board of European Aluminium (EA), Vice Chair of Gesamtverband der Aluminiumindustrie (GDA), Member of the management committee of Eurometaux, WirtchaftVereinigung Metalle (WVM), and German-Norwegian Chamber of Commerce. He holds as Master of Science degree in Business from Norges Handelshoyskole, Bergen - NHH.

Arvid Moss

Mr. Arvid Moss has served as Member of the Management Board of Norsk Hydro ASA since August 2008 and he has been Executive Vice President Energy and Corporate Business Development at the Company since September 1, 2010. He previously was Executive Vice President of Corporate Strategy and Business Development in the Company from August 2008 to September 1, 2010. He joined Hydro in 1991 and has held several senior management positions within the Company's aluminum business area, among them as President of Automotive Structures in 1996-2001 and President of the Metal Products sector in 2004-2006. He was also Project Leader for the oil and gas merger agreement with Statoil. Mr. Moss holds a Master of Science degree in Economics and Business Administration from the Norwegian School of Economics and Business Administration (Norges Handelshoyskole, Bergen - NHH).

Silvio Porto

Mr. Silvio Porto has served as Executive Vice President Bauxite & Alumina, Member of the Management Board at Norsk Hydro ASA since December 13, 2016. Silvio Porto came from the position as Chief Operational Officer (COO) in Bauxite and Alumina where he was also Executive Vice President. He joined Hydro in 2014, when he was appointed plant manager for Hydro Paragominas bauxite mine. Porto has more than 30 years' experience from the aluminum business on metal, bauxite and alumina refinery having several leadership positions in Brazil, Norway, Jamaica, Australia and Saudi Arabia. He is Chemical Engineer from Federal University of Para and Business Administration from Don Cabral University. He is Chairman of the Board of Brazilian Aluminum Association (ABAL).

Inger Sethov

Ms. Inger Sethov has been Executive Vice President Communication & Public Affairs and Member of the Management Board at Norsk Hydro ASA since January 1, 2015. Before that she was Senior Vice President for Communication & Public Affairs at the Company. She was also Head of Communication & Public Affairs in Hydro, Head of Media Relations in Hydro. She joined the Company in 2005. She also has 10 years of experience as journalist and correspondent for Reuters and Dow Jones news agencies. She holds a Bachelor of Arts degree in Mass Communication & Journalism from California State University Fresno.

Liv Bargem Stubholt

Ms. Liv Monica Bargem Stubholt has served as Member of the Board of Directors of Norsk Hydro ASA since May 7, 2010. She is Partner in Advokatfirmaet Selmer DA. She also serves as Board Chairman of the Russian-Norwegian Chamber of Commerce, Varanger Kraft AS and Board Member of the German-Norwegian Chamber of Commerce, and holds non-executive board positions in Solveig Gas AS, Broadnet AS, Rosneft Nordic Oil AS and VNG Norge AS. She holds a Master’s degree in Law from Universitetet i Oslo. She is Member of the Board's Audit Committee at the Company.

Billy Fredagsvik

Mr. Billy Fredagsvik has been Employee Representative on the Board of Directors of Norsk Hydro ASA since October 18, 2007. He works for the Company as Process Operator. He represents members of the Norwegian Confederation of Trade Unions (LO), and is a full-time union official. From 2005 to 2007, he was Member of the Corporate Assembly. He graduated from Trade school, specializing in Mechanics.

Finn Jebsen

Mr. Finn Jebsen has been Member of the Board of Directors of Norsk Hydro ASA since November 18, 2007. He was employed by the Orkla Group from 1980 onwards, becoming Member of the Group's main management team in 1984. He was Chief Executive Officer of Orkla from 2001 to 2005. He is currently Chairman of the Board of Directors of Kongsberg Gruppen ASA and Kavli Holding AS, and Member of the Board of Directors of A. Wilhelmsen AS, Norfund, Future Technology AS and his wholly-owned company Fateburet AS. Mr. Jebsen holds a Master of Science degree in Economics and Business Administration from Norges Handelshoyskole, Bergen - NHH (the Norwegian School of Economics and Business Administration) and has a Master of Business Administration degree from the University of California, Los Angeles. He is Chairman of the Board's Audit Committee at the Company.

Sten Martinsen

Mr. Sten Roar Martinsen has been Employee Representative on the Board of Directors at Norsk Hydro ASA since May 13, 2005. He is employed as process operator and represents the Norwegian Confederation of Trades Unions (LO). He is a full-time union official. He has a Certificate of apprenticeship in electrochemistry and has undergone work supervisor training. He is Member of the Compensation Committee at the Company.

Thomas Schulz

Mr. Thomas Schulz has been Director of Norsk Hydro ASA since May 26, 2016. He is Group Chief Executive Officer in FL Smidth. He holds Ph.D. in Mining & Mineral Processing, Rheinisch-Westfalische Universitat Aachen RWTH, Germany.

Svein Sund

Marianne Wiinholt

Ms. Marianne Wiinholt has been Director of Norsk Hydro ASA since May 26, 2016. She is Executive Vice President and Chief Financial Officer in Dong Energy A/S. She is State Authorized Public Accountant. She is Board Member and Chair of the Audit Committee of J. Lauritzen A/S.

Stian Hasle

Mr. Stian Hasle has been appointed Head of Investor Relations at Norsk Hydro ASA effective as of June 1, 2016. Hasle came from the position as senior analyst in Primary Metal Portfolio Development. He has a Master of Science in International Finance, from Ceram Sophia Antipolis in France and the University of Westminster in UK. He joined Hydro in 2005 as a corporate trainee within Finance. He then spent four years in the role of Investor relations.

Basic Compensation

Name Fiscal Year Total

Dag Mejdell

727,000

Svein Brandtzaeg

9,268,000

Irene Rummelhoff

449,000

Eivind Kallevik

4,939,000

Anne-Lene Midseim

3,560,000

Hanne Simensen

3,657,000

Hilde Aasheim

5,305,000

Kjetil Ebbesberg

5,752,000

Arvid Moss

5,657,000

Silvio Porto

3,584,000

Inger Sethov

3,423,000

Liv Bargem Stubholt

464,000

Billy Fredagsvik

411,000

Finn Jebsen

486,000

Sten Martinsen

421,000

Thomas Schulz

197,000

Svein Sund

--

Marianne Wiinholt

197,000

Stian Hasle

--
As Of  31 Dec 2016