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UPDATE 1-Norsk Hydro says head of bauxite & alumina division leaves firm

Published 2016-10-18, 01:30 a/m
© Reuters.  UPDATE 1-Norsk Hydro says head of bauxite & alumina division leaves firm
NHY
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(Adds comments from Norsk Hydro)

Oct 18 (Reuters) - Norsk Hydro NHY.OL :

* Says executive vice-president and head of Hydro's business area bauxite & alumina, Alberto Fabrini, will leave Norsk Hydro

* The change will be effective from Oct. 18

* Norsk Hydro says Eivind Kallevik has been appointed acting EVP/head of bauxite & alumina business area

* The process to find a permanent successor has started and will be communicated in due time

* Kallevik will at the same time remain in his position as CFO

* A company spokesman says Fabrini has done an excellent job for several years and the division has had a good development

* Spokesman says Fabrini's departure was concluded after a mutual understanding between Hydro and Fabrini

* When asked whether operations or underperformance in the division is the reason for Fabrini's resignation, spokesman says: "No". Source text for Eikon: Further company coverage: NHY.OL

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