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Yara changes to the Executive Management Team

May 14, 2009
Yara's Head of Downstream, Edward Cavazuti, will move back to the USA, for family reasons, where he will head up Yara's business development in the Americas. The current Chief Financial Officer, Egil Hogna, will take over as the new Head of Downstream, while the Head of Strategy, Supply & Trade, Hallgeir Storvik, will become the new Chief Financial Officer & Head of Strategy. Head of Industrial, Terje Bakken, will take over responsibility for the company's activity within the fields of Supply and Trade. An external recruitment process will take place to hire a new Head of Industrial. Trond Stangeby will act as the Head of Industrial until this position is filled. Changes to responsibilities within the Executive Management Team will come into effect on 1 August 2009.
Håkan Hallén has been hired as the new Chief Human Resources Officer as Anne Grethe Dalane will take over on 1 August 2009 as the Business Unit Manager for Latin America and Country Manager for Argentina. Håkan Hallén is coming from Aibel and has extensive experience in the area of human resource administration and management within international organizations, including UBS, Volvo, The World Bank, OECD and Accenture.
"The changes to the Executive Management Team do not imply a change to company strategy but they relate to the efforts to further improve the Company's global processes and also an opportunity to concentrate on development within important areas for the future. Håkan Hallén will bring with him crucial experience to Yara, which will contribute to the further development of the Company" says President and CEO, Jørgen Ole Haslestad.
Yara's Executive Management Team will comprise the following persons as and from 1 August 2009:
Bente Slaatten, Communications
Mobile: (+47) 91 606 215
Torgeir Kvidal, Investor Relations
Tel:  (+47) 24 15 72 95
Mobile: (+47) 91 339 832
Yara International ASA is the world's leading chemical company that converts energy, natural minerals and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that prevent air pollution. Yara's global workforce of 8,000 employees represents the great diversity and knowledge that enables Yara to remain a leading performer in the industry.
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