LONDON Norsk Hydro ASA
has named Eivind Kallevik as executive vice president and chief
financial officer effective Feb. 15.
Kallevik, currently head of
finance for Norsk Hydros bauxite and alumina business,
will also join the aluminum companys corporate management
board, the Oslo-based producer said.
"Kallevik has broad operational
and strategic experience from Hydros entire value chain,
giving him a solid platform for the job as Hydros (chief
financial officer)," Norsk Hydro president and chief executive
officer Svein Brandtzæg said in a statement.
Kallevik, who joined the company
is 1998, replaces existing executive vice president and chief
financial officer Jørgen C. Arentz Rostrup, who has been
at the company for more than two decades and is leaving to
"pursue other opportunities," the company said.
"Rostrup, after serving in
numerous key positions throughout the company, has done a
tremendous job in a critical transformation phase for Hydro,
when the company has executed two major transactionsthe
Vale bauxite and alumina acquisition in 2011 and the planned
Sapa joint venture, expected to close in (the) first half
2013," Brandtzæg said. "He has been a driving force
behind impressively effective improvement programs, which have
provided the company with a solid platform for the future."