Hydro Chairperson Egil Myklebust to Step Down in 2004
November 13 2003 - 3:39AM
PR Newswire (US)
Hydro Chairperson Egil Myklebust to Step Down in 2004 OSLO, Norway,
Nov. 13 /PRNewswire-FirstCall/ -- Norsk Hydro's chairperson, Egil
Myklebust, has informed the company's electoral committee that he
does not wish to stand for re-election when the current electoral
period expires in spring 2004. Myklebust points out that he has
been a member of Hydro's board for twelve years, the last three of
them as chairman, and that he therefore considers the time right
for a change. According to Myklebust, his decision is also timely
given the fact that Hydro has largely realized the main elements of
the strategy drawn up during 1999 and a wide-ranging modernization
of the company's model of governance has now been implemented.
DATASOURCE: Norsk Hydro CONTACT: Tor Steinum of Norsk Hydro,
+47-22-53-27-31, Cell: +47-95-08-39-33, , Norsk Hydro ASA,
+47-22-53-81-00, Fax: +47-22-53-27-25 Web site:
http://www.hydro.com/
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