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The Corporate Assembly in Norsk Hydro ASA has approved Dag Mejdell as new chair of the Board of Directors and one new member of the company's Board of Directors, Irene Rummelhoff.
Terje Vareberg resigns from the Board of Directors and will be replaced by Dag Mejdell as new chair of the Board effective from May 27, 2014. Victoire de Margerie resigns from the Board of Directors and will be replaced by Irene Rummelhoff as a shareholder-elected board member as of May 27, 2014. The Board of Directors is reduced by one member from 11 to 10.
After the election, the Board of Directors in Hydro consists of chair Dag Mejdell, deputy chair Inge Hansen, shareholder-elected board members Finn Jebsen, Liv Monica Bargem Stubholt, Eva Persson, Pedro Rodrigues and Irene Rummelhoff, and the employee-elected board members Billy Fredagsvik, Sten Roar Martinsen and Ove Ellefsen.
Hydro's board members are elected for a period of up to two years. This year, the shareholder-elected representatives were up for election. All members of the board were elected for a period of two years.
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