Managing Director John G. Thuestad to leave Elkem after 14 years

John G. Thuestad will take up the post as President of Alcoa's North American aluminium and alumina operations by 1 January 2008 at the latest. He will be based in New York, and will be responsible for a business area with a turnover of around NOK 30 billion and 5,000 employees.

For the present, we wish to extend our warm thanks to Mr. Thuestad for the significant contribution he has made to Elkem's value creation over many years and to wish him every success with his exciting new challenge.
The process of finding a successor for Mr. Thuestad has commenced and is expected to be concluded by the end of November.
Dag J. Opedal
Group President and CEO of Orkla ASA
Senior VP, Corporate Communications Ole Kristian Lunde - Tel.: + 47 22 54 44 31