Holsether Appointed Yara CEO

The Board of Directors of Yara International ASA has appointed Mr. Svein Tore Holsether as the company's new President and Chief Executive Officer. He will succeed acting CEO Torgeir Kvidal within October 2015.

Holsether currently serves as President and CEO of Sapa Group, a position he has held since 2011. Prior to this, he has held a number of management positions in Elkem, Orkla and Sapa. Holsether was born in Norway in 1972 and holds a BSc in Finance from the University of Utah.

Torgeir Kvidal, who has served as acting CEO since October 2014 will resume his previous position as Chief Financial Officer. At the same time, Thor Giæver, currently acting CFO, will return to his position as Head of Investor Relations.

Holsether will join Yara on 1 October 2015.