Yara: Appointment of acting CFO and Head of Upstream

22-05-2012: Torgeir Kvidal is appointed acting Yara CFO and Jan Duerloo is appointed acting Head of Yara Upstream. Hallgeir Storvik and Tor Holba are at their own request stepping out of their executive management positions with immediate effect, until the situation is resolved with regard to the Økokrim charges.

Storvik and Holba will continue to work for the company, but without the areas of responsibility they have stepped out of and not as members of executive management.

Torgeir Kvidal is currently Head of the business unit "Supply and Trade". He will continue to hold this position going forward.

Jan Duerloo is currently Head of the business unit "Projects and Technology". He will continue to hold this position going forward.