Norsk Hydro ASA is extending its corporate management board by the
addition of two members, as part of a reorganization designed to
secure a more concentrated focus on operations and markets. The
changes will come into effect from March 30 2009, when Svein Richard
Brandtzæg takes over as President and CEO from Eivind Reiten.

As part of the reorganization, the current business areas Aluminium
Metal and Aluminium Products will both be divided into two, enlarging
the number of business areas in the company from four to six: Energy,
Primary Metal, Metal Markets, Rolled Products, Extruded Products and
Projects. All business areas will be represented on the corporate
management board.

"The renewal of our organizational model is an important move towards
a flatter and more  market and operations led organization. The move
will also achieve greater coordination throughout Hydro's integrated
value chain," says President and CEO Eivind Reiten.

"A flatter structure, combined with a streamlined corporate center
tailored to our integrated business model, will boost efficiency
throughout the entire value chain," says newly appointed President
and CEO Svein Richard Brandtzæg, who is currently head of the
Aluminium Products business area, with some 16,500 employees in 40
countries. "Today's tough market situation makes these coming changes
even more necessary, not least in connection with our efforts to
reduce internal costs," he adds.

Aluminium Metal will be split into Primary Metal, with responsibility
for all of Hydro's aluminium metal plants, primary casthouses as well
as for bauxite and alumina, and Metal Markets, which will be
responsible for metal sales, recycling, remelting and trading. Hilde
Merete Aasheim, who is currently head of Aluminium Metal, will
continue as executive vice president for Primary Metal. The head of
Metal Markets will be announced at a later date.

Aluminium Products will be split into Rolled Products, responsible
for Hydro's rolling mills, and Extruded Products, which will include
profiles and building systems. Rolled Products, which has the major
part of its operations in Germany, will continue to be led by Oliver
Bell, who has now been appointed executive vice president and becomes
a member of Hydro's corporate management board. Bell is German and
Hydro's first non-Norwegian corporate management board member.

Extruded Products will be headed by Johnny Undeli, who also becomes a
member of the corporate management board. Undeli currently heads
Extruded Products Eurasia.

Brandtzæg adds that the organizational changes reflect Hydro's
strategy to continue growing as a competitive and leading integrated
aluminium company.

All changes will be effective as from March 30, 2009.

Press contact
Contact     Halvor Molland
Telephone   +47 22532421
Cellular    +47 92979797
E-mail      Halvor.Molland@hydro.com

Investor contact
Contact     Stefan Solberg
Telephone   +47 22539280
Cellular    +47 91727528
E-mail      Stefan.Solberg@hydro.com


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.



Copyright © Hugin AS 2009. All rights reserved.