Coffee beans

Appointment of acting CFO and Head of Upstream

May 21, 2012

Oslo (2012-05-21): Torgeir Kvidal is appointed acting Yara CFO and Jan Duerloo is appointed acting Head of Yara Upstream. Hallgeir Storvik and Tor Holba are at their own request stepping out of their executive management positions with immediate effect, until the situation is resolved with regard to the Økokrim charges.

Storvik and Holba will continue to work for the company, but without the areas of responsibility they have stepped out of and not as members of executive management.

Torgeir Kvidal is currently Head of the business unit "Supply and Trade". He will continue to hold this position going forward.

Jan Duerloo is currently Head of the business unit "Projects and Technology". He will continue to hold this position going forward.


Thor Giæver, Investor Relations
Telephone  (+47) 24 15 72 95
Cellular (+47) 48 07 53 56

Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00

Yara delivers solutions for sustainable agriculture and the environment. Our fertilizers and crop nutrition programs help produce the food required for the growing world population. Our industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations. Founded in Norway in 1905, Yara has a worldwide presence with sales to 150 countries. Safety is always our top priority.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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