NHY Norsk Hydro A S

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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