Eivind Reiten has today taken up the position of President and CEO of Norsk Hydro ASA.
Reiten (48) holds a degree in economics from the University of Oslo. His connection with Norsk Hydro goes back to 1986, since which time he has held managerial positions within several of the company's business areas, including periods as head of division for Hydro Energy (1988 - 1990), Refining and Marketing (1992 - 1996) and Hydro Aluminium Metals (1996 - 1999). From 1999 Reiten has been part of Hydro's corporate management with particular responsibility for the company's Light Metals operations. Reiten has also sat on the boards of other Norwegian companies; as chairman of Norway Post (1995 - 1999), chairman of Telenor from 1999, as a member of the executive board of the Central Bank of Norway and as board member of Dyno and Norske Skog. Reiten has also held several major political appointments, most recently as Minister for Oil and Energy (1990 - 1991).
Egil Myklebust (59), who has been succeeded by Eivind Reiten as President and CEO, has taken up his new position as chairman of the board of Norsk Hydro ASA.