According to Norwegian corporate law, the President & CEO constitutes a formal governing body that is responsible for the daily management of the company. The division of functions and responsibilities between the President & CEO and the Board of Directors is defined in greater detail in the rules of procedures established by the Board.

The Corporate Management Board (CMB), including the President & CEO, has a shared responsibility for promoting Hydro's objectives and securing the company's property, organization and reputation. Members of the Corporate Management Board are also Executive Vice Presidents (EVPs) with responsibility for the respective business areas, Projects, Finance, and Central Staffs.

Developments and events in 2009

Met every second week.

As of March 30, Eivind Reiten resigned from Hydro and Svein Richard Brandtzæg took up the responsibility as President and Chief Executive Officer. From the same date, a new and flatter organization was established including Oliver Bell as executive vice president for Rolled Products, Johnny Undeli as executive vice president for Extrusion and Kjetil Ebbesberg as executive vice president for Metal Markets. Aasheim assumed responsibility for Primary Metal in the new organization. As of May1, Jørgen C. Arentz Rostrup will take over as Chief Financial Officer after John Ove Ottestad who will step down from the Corporate Management Board and become adviser to the President and CEO. From the same date Ola Sæter will become executive vice president with for Energy.

No member of Hydro's Board of Directors or the Corporate Management Board has any family relationship with any other director or member of the Corporate Management Board.

Developments and events in 2010

On April 15, Odd Ivar Biller and Anne Harris will step down from the corporate management board. Wenche Agerup is from the same date appointed executive vice president and head of Corporate Staffs with a special responsibility for Legal Services, Corporate Social Responsibility, Human Resources and Organizational Development, Health, Safety and Environment and the Company Secretary.