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Norsk Hydro: Egil Hogna appointed new CEO at Sapa

The Board of Directors of Sapa AS has appointed Egil Hogna (44) as the
company's new President&Chief Executive Officer. He will replace Svein Tore
Holsether on September 1, 2015.

"I am very excited about the opportunity to lead Sapa. As the leading player
in its industry, with 23,500 employees in over 40 countries, Sapa is well
positioned to deliver innovative aluminium solutions meeting customer's
demands all over the world - today and tomorrow," says Egil Hogna.

For the last six years, Egil Hogna has led the downstream operations at Yara
International. He has previously served in a variety of management positions
in Yara and Hydro, including CFO and head of Investor Relations. Hogna has a
Master of Science degree from the Norwegian university of science and
technology, NTNU, in Trondheim and an MBA from INSEAD.

"Both owners are very pleased that Egil Hogna will lead Sapa into the next
phase. With the integration in place and synergy realization well ahead of
plan, Hogna will, with his broad international industrial experience,
continue Sapa's development as the most innovative and customer oriented
aluminium solutions company in the world," says Svein Richard Brandtzæg,
chairman of the board.

Sapa announced March 30, 2015 that Svein Tore Holsether is leaving Sapa to
take over as President and CEO for Norwegian fertilizers group Yara
International ASA. His last working day at Sapa will be September 8.

"The board would like to thank Svein Tore Holsether for being a great capacity
for Sapa during the forming of the joint venture. Together with a solid and
highly competent top management in Sapa, he has led the company through a
crucial initial phase, taking forceful actions to ensure that Sapa is well
positioned for a bright future", concludes Brandtzæg.

Sapa AS is a 50/50 joint venture owned equally by Orkla ASA and Norsk Hydro
ASA. Sapa is the world leader in aluminium solutions, shaping a lighter
future through a global reach and local presence within extrusions, building
systems, and precision tubing. The company has 23,500 employees in more than
40 countries, and is headquartered in Oslo, Norway.

Investor contact
Contact Pål Kildemo
Cellular +47 97096711

Press contact
Contact Halvor Molland
Cellular +47 92979797


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Norsk Hydro via Globenewswire


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