Election of the Board of Directors of Orkla ASA - Recommendation of the Nomination Committee

The Corporate Assembly of Orkla ASA is to elect members to the Board of Directors at its meeting on 22 May 2007.

The Nomination Committee has unanimously recommended that Stein Erik Hagen, Svein S. Jacobsen, Åse Aulie Michelet and Birgitta Stymne Göransson be re-elected.
 
Chairman of the Board Stein Erik Hagen and Board members Svein S. Jacobsen, Åse Aulie Michelet and Birgitta Stymne Göransson are up for election. Board members Kjell E. Almskog, Bjørg Ven and Lennart Jeansson are not up for election.
 
The Nomination Committee has unanimously recommended that Stein Erik Hagen, Svein S. Jacobsen, Åse Aulie Michelet and Birgitta Stymne Göransson be re-elected to the Board. The Nomination Committee recommends that it be proposed that their period of office be set at one year and that shareholder-elected members and deputy members of the Board of Directors be elected annually.
 
The Nomination Committee unanimously recommends that Svein S. Jacobsen be re-elected as Deputy Chairman of the Board for one year. Stein Erik Hagen was elected Chairman of the Board for a term of two years in 2006, subject to his re-election.
 
The Nomination Committee unanimously recommends that Peter Ruzicka be elected as a permanently attending deputy member for the shareholder-elected members of the Board of Directors for one year.
 
When making its recommendation regarding the Deputy Chairman of the Board of Directors the Nomination Committee consisted of Knut Brundtland (Chairman), Elisabeth Grieg, Idar Kreutzer, Leiv Askvig and Olaug Svarva, as well as Sverre Olsen as employee representative.
 
 
 
Contact person: Knut Brundtland, Chairman of the Nomination Committee  +47 4006 2020