MOVES: Norway's Yara appoints acting CFO and head of upstream

21 May 2012 11:15  [Source: ICIS news]

LONDON (ICIS)--Yara International has appointed Torgeir Kvidal as acting CFO and Jan Duerloo as acting head of upstream, the Norwegian fertilizer producer said on Monday.

Kvidel will replace Hallgeir Storvik, while Duerloo will take the place of Tor Holba, Yara said.

Storvik and Holba stepped down from their positions after they were both charged in an investigation into unacceptable payments by the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Okokrim).

“Storvik and Holba will continue to work for the company, but without the areas of responsibility they have stepped out of and not as members of executive management,” Yara said.

The company added that Storvik and Holba were removing themselves from the positions “at their own request” until the situation regarding the charges is resolved.

Kvidal will continue in his current position as head of the supply and trade business unit, alongside his new role. Duerloo will also retain his current position as head of the projects and technology business unit.

By: Leigh Stringer
+44 208 652 3214

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