Yara Names Brandtzæg New CEO

Posted by Eric Haun
Monday, July 21, 2014

The board of directors of Yara International today announced the appointment of Svein Richard Brandtzæg as the company's new President and Chief Executive Officer. He will succeed Jørgen Ole Haslestad by February 2015.

Brandtzæg currently serves as President and CEO of Norsk Hydro ASA, a position he has held since 2009. Prior to this, he has held a number of management positions in Norsk Hydro. Born in Norway in 1957, Brandtzæg graduated from the Norwegian University of Science and Technology (NTNU). He holds an economics degree from the Norwegian School of Management and a PhD from NTNU.

"In preparation for the retirement of Jørgen Ole Haslestad at the age of 65, the Yara Board of Directors initiated a thorough process to identify his successor. I am very pleased to announce Svein Richard Brandtzæg as Yara's new President and CEO. His proven track record as a top executive and his vast experience from the process industry will benefit the company greatly," said Leif Teksum, Chairman of the Board of Directors in Yara.

"I am both humbled and honored to have the opportunity to lead another Norwegian-based, global champion. I am looking forward to meeting new challenges, people, products and markets in Yara, but until I take over, my full commitment and focus remain on Hydro's agenda," said Svein Richard Brandtzæg.

Jørgen Ole Haslestad has served as President and CEO since 2008 and was a member of the Board of Directors from 2004 to 2008. During his tenure as CEO, Yara has grown substantially both in terms of production and sales. Yara is today a leading company, delivering solutions for sustainable agriculture and the environment, and has a business model designed to create value for shareholders and customers as well as society at large.

"It has been exciting and rewarding to be part of Yara's management and board over the last ten years. The company is well positioned for continued, future growth, and we are fortunate to have a global organization that is both competent and inspired. I am pleased that Brandtzæg has accepted to head the company, and I look forward to welcoming him and introducing him to our staff," said Jørgen Ole Haslestad.

"Jørgen Ole Haslestad has developed Yara considerably since taking the helm in 2008. Both production and sales volumes have increased almost 50 per cent in this period, and he has led the transformation of Yara to being a broad-based provider of commodity and value-added solutions both within industrial, environmental and fertilizer market segments. Furthermore, he has introduced new and comprehensive processes and governance systems, especially within the areas of ethics, compliance, innovation and safety. I would like to thank Haslestad for his contributions to Yara and wish him all the best when he retires," said Leif Teksum.

Brandtzæg will take on his new position at the latest February 1, 2015.

yara.com
 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Kongsberg Expands Louisiana Office, Training Facility

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business

HII Acquires Engineering Solutions Division

Huntington Ingalls Industries (HII) has acquired the Engineering Solutions Division of The Columbia Group, a designer and builder of unmanned underwater vehicles

Sjo Resigns from Polarcus Board of Directors

Polarcus Limited announced that Hege Sjo will resign from its board of directors effective February 2, 2015.   Sjo has accepted an appointment as Deputy Director

Marine Power

Wärtsilä to Power LNG-fueled RoPax Ferry

A ferry being built for Sweden’s Rederi AB Gotland will be fueled by LNG, featuring a Wärtsilä integrated solution which includes a complete LNG powered propulsion- and fuel storage and supply system,

First Container for LNG Hybrid Barge

The HUMMEL (bumblebee) LNG Hybrid Barge will enable Becker Marine Systems to supply low-emission power to cruise ships lying at port in Hamburg. The first container

IntelliJet: Cleantech Propulsion for High Speed Applicatios

IntelliJet Marine, Inc. will present a paper on propulsion and computer simulation for sustainable high speed boats and ships at ASNE Day 2015.   Jeff Jordan

News

Imabari to Build 20,000TEU Containerships

Imabari Shipbuilding Co., Ltd. announced it has secured newbuild orders with the cooperation of Marubeni Corporation for 11 units of 20,000TEU Ultra-Large Container Carriers,

Kongsberg Expands Louisiana Office, Training Facility

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business

HII Acquires Engineering Solutions Division

Huntington Ingalls Industries (HII) has acquired the Engineering Solutions Division of The Columbia Group, a designer and builder of unmanned underwater vehicles

Marine Equipment

Kongsberg Expands Louisiana Office, Training Facility

Kongsberg Maritime has purchased approximately 5.2 acres for new construction on an 82,980 sq ft office and training facility. Construction on the James Business

Raytheon Anschütz Opens Service Center in Panama

German navigation system manufacturer Raytheon Anschütz has established its new subsidiary Raytheon Anschuetz Panama, S. de R.L., in Panama City.   The new company,

Imabari Bags Order for 11 ULCCs

Imabari Shipbuilding Co., Ltd. (Imabari), with the cooperation of Marubeni Corporation, has secured newbuilding order for eleven (11) units of 20,000TEU Ultra-Large Container Carriers,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2404 sec (4 req/sec)