Hydro's Aasheim to Spearhead Planning for Statoil Integration

Hilde Merete Aasheim has left Hydro's Corporate Management Board to concentrate on leading the planning of the integration of the company's oil and gas activities with Statoil.

Aasheim, who has been in charge of Leadership and Culture in Hydro since 2005, will lead the merger integration planning team appointed Tuesday.

Following the completion of the merger, which is expected during the third quarter 2007, Aasheim will join the Corporate Management Board of the new company as head of Group Functions.

Until her successor in Hydro is appointed, the functions reporting to Aasheim will report directly to Eivind Reiten, President and Chief Executive Officer. This includes Human Resources, Health, Environment and Safety and Corporate Social Responsibility.

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