Norsk Hydro Says Egil Hogna Named New CEO Of JV Sapa

(RTTNews) - Norwegian aluminum producer Norsk Hydro ASA (NHY, NHYDY.PK, NHYDY.PK) Tuesday said the Board of Directors of its 50/50 joint venture 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.

Sapa AS is a 50/50 joint venture owned equally by Orkla ASA and Norsk Hydro ASA.

For the last six years, Egil Hogna has led the downstream operations at Yara International. He has previously served in several management positions in Yara and Hydro, including CFO and head of Investor Relations.

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