Roetjer and Rostrup Join Hydro's Management Board

Tom Roetjer and Joergen C. Arentz Rostrup have been appointed members of Hydro's Corporate Management Board, with responsibilities for Projects and Power, respectively. The appointments reflect Hydro's ambitions to grow as a focused aluminum company.

The appointments will take effect following completion of the proposed merger of Hydro's oil and gas activities with Statoil, expected in third quarter 2007.

Roetjer (53), currently project director for the Ormen Lange gas field development, will be responsible for Hydro's projects in Norway and abroad, including the planned Qatalum aluminum project in Qatar. Roetjer has been involved in most of Hydro's development projects since he joined the company in 1980 and headed Hydro's technology and project sector for nearly six years. He will continue to head the Ormen Lange project until the field comes onstream, scheduled for October 2007. Roetjer holds an engineering degree from the Norwegian University of Science and Technology (NTNU) in Trondheim.

Rostrup (40) will manage Hydro's power production facilities, including solar energy activities. He comes from a position as head of Oil & Energy Markets, in charge of oil, gas and power sales. Since joining Hydro in 1991, he has held a number of management positions in energy, finance and international business development in Norway, the United States and Singapore. Rostrup holds a master's degree from the Norwegian School of Economics and Business Administration (NHH) in Bergen.