Eivind Kallevik has been appointed president and chief executive officer of Norwegian aluminum and renewable energy company Norsk Hydro ASA, effective May 13.
Kallevik succeeds Hilde Merete Aasheim, who has decided to step down after five years. Aasheim has been working in Hydro for 17 years and will leave the company the end of June.
Kallevik is currently executive vice president and head of Hydro’s aluminum metal business area, a position he has held since 2019. From 2013 to 2019, he was chief financial officer of Hydro. Prior to this, Kallevik held several senior management positions in Hydro, including the bauxite and alumina business area and the downstream aluminum business.
“I am excited to take the next step for Hydro together with our 32,000 competent and engaged employees, with our strategic direction towards 2030 as a strong foundation. Our low-carbon efforts throughout our value chain are placing Hydro in a leading position in the green transition and providing a platform to accelerate our strategic partnerships,” Kallevik said. “Strong control of our cost position and continuous improvement efforts will remain the backbone of Hydro’s operations, combined with our unique capabilities to develop innovative technologies and commercial opportunities.”
“Throughout his more than 30 years of experience from Norwegian and international finance and industry, Eivind has a strong track record of developing the business, capturing opportunities, and maneuvering the industrial landscape and markets. I am confident Eivind has what it takes to lead Hydro towards 2030 and beyond,” says Dag Mejdell, chairperson of Hydro’s board of directors. “Hilde Merete Aasheim has led the company through a period where we have seen significant changes in the world around us. During her tenure, Hydro has strengthened profitability and significantly lifted the sustainability agenda.”
Norsk Hydro is one of the three largest operators of hydropower production in Norway and a large power market player in the Nordic region and Brazil, according to the website.
