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Oslo, 26 September 2014: Svein Richard Brandtzæg has notified the Board of Yara International ASA that he will not assume the position as CEO of the company.
"The Board regrets Brandtzæg's decision, but must accept the situation," says Leif Teksum, Chairman of the Yara Board of Directors.
"Jørgen Ole Haslestad continues as CEO until further notice. Yara's Board will now re-start the process of identifying Haslestad's succesor as CEO," says Teksum.
Thor Giæver, Investor Relations
Cellular (+47) 48 07 53 56
Esben Tuman, Corporate Communications
Cellular (+47) 90 50 84 00
Yara delivers solutions for sustainable agriculture and the environment. Our fertilizers and crop nutrition programs help produce the food required for the growing world population. Our industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations. Founded in Norway in 1905, Yara has a worldwide presence with sales to 150 countries. Safety is always our top priority.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)