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Yara International ASA (YAR.OL)

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Summary

Name Age Since Current Position

Leif Teksum

65 2014 Chairman of the Board

Svein Holsether

45 2015 President, Chief Executive Officer

Maria Moraeus Hanssen

52 2015 Vice Chairman of the Board

Torgeir Kvidal

52 2015 Chief Financial Officer, Executive Vice President

Kristine Ryssdal

57 2016 Executive Vice President, General Counsel

Lene Trollnes

49 2016 Executive Vice President, Human Resources, Communications & Brand

Tove Andersen

47 2016 Executive Vice President, Supply Chain

Yves Bonte

56 2010 Executive Vice President, Industrial

Lair Hanzen

50 2016 Executive Vice President, Yara Brazil

Pierre Herben

54 2016 Executive Vice President, Corporate Innovation

Terje Knutsen

55 2015 Executive Vice President, Crop Nutrition

Petter Ostbo

38 2016 Executive Vice President, Production

Alvin Rosvoll

60 2016 Executive Vice President, Partner Operations

Terje Tollefsen

54 2016 Executive Vice President, Corporate Strategy & Business Development Officer

Kjersti Aass

35 2016 Director, Employee Representative

Hilde Bakken

51 2014 Director

Rune Bratteberg

57 2012 Director, Employee Representative

Geir Isaksen

63 2013 Director

Geir Sundbo

54 2010 Director, Employee Representative

John Thuestad

57 2014 Director

Thor Giaever

45 2015 Head of Investor Relations

Biographies

Name Description

Leif Teksum

Mr. Leif Teksum has been Chairman of the Board of Directors of Yara International ASA since May 5, 2014. Since August 2014, Mr. Teksum has worked as a professional board member in various companies and since 2015 he has also been a partner and an independent advisor in Vest Corporate Advisors AS, a small corporate “boutique” located in Bergen, Norway. Mr. Teksum retired from DNB Bank ASA in August 2014. From 1991 until his retirement he held various positions in the DNB Group Management being responsible for large corporate clients and all international banking activities, the bank’s Investment Banking area, the Asset Management area as well as the IT and Procurement activities. He is Member of the Board of Austevoll Seafood ASA and EVRY AS and member of the board of several family owned companies. He holds Master's degree (sivilokonom) in Business and Economics from NHH, Bergen, Norway.

Svein Holsether

Mr. Svein Tore Holsether has been appointed President and Chief Executive Officer of Yara International ASA effective as of September 9, 2015. Previously Mr. Holsether held the position as President and CEO of Sapa AS. Prior to this he was EVP M&A at Orkla 2010-2011, Business Area President of Sapa Asia & Middle East 2010, CFO of Sapa AB 2007-2010, CFO at Orkla Specialty Materials 2006-2007, CFO at Elkem ASA 2005-2006, CFO at Elkem ASA North American Division 2003-2005, and various positions within the Elkem group including Vice President Group Control, Group Controller, Group Financial Analyst 1997-2003. He holds a Bachelor of Science degree in Finance and Management from the University of Utah.

Maria Moraeus Hanssen

Mrs. Maria Moraeus Hanssen has been Vice Chairman of the Board of Yara International ASA since 2015. She has broad management experience and a strong industrial background within the oil and gas sector. She is CEO of ENGIE E&P International SA. Mrs. Moraeus Hanssen joined ENGIE E&P in 2014, first as the Managing Director for its Norwegian E&P affiliate, since October 2015 as CEO. Prior to that Mrs. Moraeus Hanssen spent five years as an Investment Director with Aker ASA. Before joining Aker ASA, she held various management roles in Norsk Hydro Oil and Energy as subsequently Statoil ASA, among these Head of Field Development NCS, Offshore Installation Manager Troll B and EVP Gas Supply and Transportation. Mrs. Moraeus Hanssen has a Master’s degree in Petroleum Engineering from the Norwegian University of Science and Technology and a Master degree in Petroleum Economics from Institut Francais du Petrole.

Torgeir Kvidal

Mr. Torgeir Kvidal has been appointed Chief Financial Officer and Executive Vice President of Yara International ASA effective as of September 9, 2015. He has been appointed Acting President and Chief Executive Officer at Yara International ASA for a period from October 7, 2014 until September 9, 2015. He was Chief Financial Officer of the Company from June 15, 2012 until October 7, 2014. He was Acting Chief Financial Officer of the Company from May 21, 2012, and Senior Vice President Head of Supply and Trade at the Company from April 1, 2011 until June 15, 2012. Previously, he was Head of Investor Relations at the Company between 2006 and May 1, 2011. He started his professional career at Hydro as trainee in 1991. Over the years, he served in such roles as Corporate Controller Hydro Agri from 1993 to 1997, Vice President of Finance Hydrogas from 1997 to 1999, Head of Business Unit CO2/Industrial Central Europe from 2000 until 2005, and Chief Financial Officer Industrial between 2005 and 2006. He holds a Master's degree in Economics and Business Administration from Norges Handelshoyskole (Norwegian School of Economics and Business Administration).

Kristine Ryssdal

Mrs. Kristine Ryssdal has been Executive Vice President, General Counsel at Yara International ASA since May 18, 2016. Before joining Yara, Mrs. Ryssdal held the position of Vice President Legal at Statoil 2012-2016. Prior to this, Ryssdal was Senior Vice President and Chief Legal Officer of Renewable Energy Corporation ASA 2008-2012, Senior Advisor Commercial & Legal Affairs at Norsk Hydro / Statoil Hydro 2006-2008, Legal Counsel at Norsk Hydro 1998-2006, and Attorney at the Attorney General’s office 1987-1998. She holds Master of Laws degree from the London School of Economics, in addition to a Law degree from the University of Oslo.

Lene Trollnes

Mrs. Lene Trollnes has been Executive Vice President, Human Resources, Communications & Brand at Yara International ASA since September 1, 2016. Before joining Yara, Mrs. Trollnes held the position of EVP HR & Integration at Sapa 2013-2016. Prior to this she led the integration between Sapa and Hydro (2012-2013), and held several HR and management positions at Norsk Hydro between 1992-2013, including Senior VP HR, HSE & CSR Hydro Primary Metal 2010-2013, Senior VP HR & Organization HSE & CSR Hydro Extruded Products 2008-2010, and Senior VP HR & Organization Hydro Aluminum Products 2006-2008. Bachelor degree in Management Sciences and a Master’s degree in Organizational Psychology from the University of Manchester Institute of Science & Technology.

Tove Andersen

Ms. Tove Andersen has been Executive Vice President, Supply Chain of Yara International ASA since February 8, 2016. Ms. Andersen has previously held several positions in the company. She was VP Supply Chain Europe 2014-2016, Vice President Marketing and New Business 2011-2013, Country Manager Yara UK/ Ireland 2006-2011, Director Specialities and Retail Marketing 2005-2006, Director Business Development and Alliances 2003-2005, Manager, Business Development, Finance and Analysis Hydro Agri 2000-2003, Business Facilitator 1999-2000. She was employed by Hydro in 1997 as a trainee. She holds Master’s degree in Business Administration from the Norwegian School of Management Sandvika, Norway and a Master’s degree in physics and mathematics from the Norwegian University of Science and Technology (NTNU).

Yves Bonte

Mr. Yves Bonte has served as Executive Vice President, Industrial at Yara International ASA since January 2010. Prior to joining the Company, he spent 17 years with the chemical company LyondellBasell and its predecessors, serving as Senior Vice President of Polypropylene Business based in Germany and the Netherlands (2007-2009), Senior Vice President of Sales & Marketing for Asia, Middle East/Africa and Latin America, based in Hong Kong (2002-2006), and Head of Strategic Marketing (2000-2001), and held several marketing, supply chain and manufacturing positions (1992-1999). Prior to this, he worked five years for Exxon Chemical in Brussels. Mr. Bonte holds a post-graduate degree in Business Management and a Master of Science degree in Civil Engineering from Katholieke Universiteit Leuven in Belgium (University of Leuven).

Lair Hanzen

Mr. Lair Hanzen has been Executive Vice President, Yara Brazil at Yara International ASA since February 8, 2016. Mr. Hanzen has held several positions in the Company. He was Manager Downstream/President Yara Brazil 2013-2016, Chief Financial Officer Upstream 2009-2013, VP and President Yara Brazil 2006-2009, Chief Financial Officer Yara Brazil 2000-2006, Chief Financial Officer Yara Argentina 1996-2000. Prior to joining Yara through the acquisition of Adubos Trevo, Lair held several management positions in fertilizer companies and other sectors. He holds MBA in International Business from the Argentinial Belgrano University and a MBA in Strategic Business Administration from the Brazilian Lutheran University (ULBRA).

Pierre Herben

Mr. Pierre Herben has been Executive Vice President, Corporate Innovation at Yara International ASA since June 1, 2016. He served as VP R&D and Innovation 2010-2016. Prior to joining Yara in 2010, Mr. Herben was Vice President Product and Application development at LyondellBasell Industries 2007-2010. Before this he held a series of R&D, commercial and management positions at Basell 2000- 2006, Montell 1995-2000, and Shell Research 1990-1995 - all of which eventually merged into LyondellBasell Industries in 2007. He holds Master’s degree in Bio-Engineering from the Catholic University of Louvain, Belgium.

Terje Knutsen

Mr. Terje Knutsen has been Executive Vice President, Crop Nutrition (previously known as Downstream) at Yara International ASA since May 1, 2015. His previous positions in the company are SVP Business Unit Manager North and East Europe (2012–2015); Business Unit Manager Asia and President of Yara Asia Pte. Ltd (2006-2012); Vice President, Head of Downstream Marketing (2005-2006); Vice President, Head of Yara Specialties (2001-2005) and VP and Country Manager Spain and Portugal (1998-2001). In addition, he has held a number of commercial and management positions since joining the company in 1987 as a trainee. Mr. Knutsen holds a Master’s degree from the Norwegian School of Economics (NHH) in Bergen, Norway.

Petter Ostbo

Mr. Petter Ostbo has been Executive Vice President, Production of Yara International ASA since February 8, 2016. Mr. Ostbo has previously held several positions in the company. He was Head of Business Line Gas and Industrial Applications 2015-2016, Head of Industrial Nitrates & CO2 business units 2014-2015, Head of Industrial Nitrates Business Unit 2013-2014, and Head of Product Management & Optimization 2010-2013. Before joining Yara, Mr. Ostbo worked at McKinsey & Company, 2003-2010. He holds Master’s degree in Finance from the Norwegian School of Economics and Business Administration (NHH, Sivilokonom) and One-year qualification in history at the University of Bergen (Grunnfag).

Alvin Rosvoll

Mr. Alvin Rosvoll has served as Executive Vice President, Partner Operations at Yara International ASA since February 8, 2016. Previously, he was Executive Vice President Supply and Trade at Yara International ASA from June 15, 2012 until February 8, 2016. He previously served as Business Unit Manager North and East Europe from 2007. His previous positions in the Company include Commercial Director in the Downstream Segment and Deputy President Yara Industrial Gases. Before that, he held a number of commercial and management positions since joining the Company in 1981. Mr. Rosvoll holds a Master of Science degree in Chemical Engineering from the Norwegian Institute of Technology (NTH), currently Norges Teknisk-Naturvitenskapelige Universitet - NTNU.

Terje Tollefsen

Mr. Terje Morten Tollefsen has been appointed Executive Vice President, Corporate Strategy & Business Development Officer at Yara International ASA effective as of June 1, 2016. His previous positions in the company include: Senior VP Head of Strategy and Business Development 2010 - 2016, Business Unit Manager/President China 2005 - 2010, CFO Business Unit Asia 2002 - 2004. Before a two-year tenure (2000-2002) as Deputy Managing Director at a medium-sized, Oslo-based IT consultancy, Mr. Tollefsen held several commercial and management positions at Norsk Hydro, including Managing Director of Norsk Hydro (Hydro Agri) Indochina. He holds Bachelor of Business Administration degree from the Isenberg School of Management, UMass Amherst, USA.

Kjersti Aass

Ms. Kjersti Aass has been Director, Employee Representative at Yara International ASA since May 10, 2016. She is Business Improvement Manager, Environmental Solutions, Yara. Ms. Aass has been a Yara employee since 2013 where she started in the position Manager Global Initiatives in Strategy and Business Development before moving into her current role in the Industrial segment in 2016. Ms. Aass has been on the Board of Tekna – The Norwegian Society of Graduate Technical and Scientific Professional – in Yara since 2013. Prior to working for Yara, she worked for Medecins Sans Frontieres (Doctors without Borders) in Afghanistan and Ethiopia, and as a Project Management consultant for Holte Consulting on a wide variety of projects within different industries, including telecom and construction. She holds Master of Science degree in Entrepreneurship – Industrial Economics and Technology Management, after Civil and Environmental Engineering studies, at Norwegian University of Science and Technology (NTNU) in Trondheim.

Hilde Bakken

Mrs. Hilde Bakken has been Member of the Board of Directors of Yara International ASA since May 5, 2014. She is also Board Member of Oslo Energy Forum. Hilde Bakken has held various leadership roles in Statkraft within market and power production areas since 2000. Since 2010, Bakken has been part of Statkraft Executive management, from 2010 to 2013 as Chief of Staff and she has been Executive Vice President Power Generation, Statkraft. Since 2013, she has been responsible for Statkraft’s power generation activities in seven countries. She is also responsible for further development of Statkraft's hydropower concessions in North-West Europe. Before joining Statkraft, she was employed in Norsk Hydro and Conoco where she has held various management and engineering positions in operations and field development on the Norwegian continental shelf. Bakken has a Master’s degree in Petroleum Engineering from the Norwegian University of Science and Technology.

Rune Bratteberg

Mr. Rune Asle Bratteberg has served as Employee Representative at the Board of Directors at Yara International ASA since 2012. He has been employee in the Company since 1986, currently in the position of Head of Chemical Compliance. He has held different IT and HESQ leadership positions within Hydro and Yara, from 2001 to 2009 as CIO. Mr. Bratteberg has been a member of the Chemical Industry Advisory Board to SAP AG (2004-2009), and Chairman of the Board at the Scandinavian School of Brussels (2009-2011). He holds a degree in Information Technology from the Bergen Tekniske Hyskole, Norway, as well as a degree in Nordic Languages and History.

Geir Isaksen

Mr. Geir Isaksen has been Member of the Board of Directors of Yara International ASA since May 13, 2013. He is Chief Executive Officer (CEO) of Norwegian State Railways (NSB) since 2011. Mr. Isaksen served as CEO of Cermaq ASA (previously Statkorn Holding ASA) from 1996 to 2011, where he led the comprehensive restructuring and IPO of the company. From 1995 to 1996, he was CEO of Statkorn AS. Prior to this he was the Brussels representative of the Norwegian Farmers Association (1993-1994); Trade Manager of AL Gartnerhallen (1986-1993); Research Fellow of the Agricultural University of Norway (now NMBU) (1985-1986). He holds a Doctorate in Philosophy degree in Agricultural Economics from the Norwegian University of Life Sciences.

Geir Sundbo

Mr. Geir O. Sundbo has served as Employee Representative on the Board of Directors of Yara International ASA since 2010. He has been a Yara (Hydro) employee since 1987. He has been actively engaged in union matters in the Porsgrunn plant since 1989. He is Deputy Chairman and Treasurer of the local union chapter (Heroya Arbeiderforening) in Heroya Industripark Porsgrunn and Senior Shop Steward of Yara Porsgrunn. He is also Member of the Executive Committee of the IndustriCluster Grenland (ICG). Mr. Sundbo is Skilled Chemical Process operator. He is Chairman of the European Works Council (EWC) of the Company. He has also been Chairman of the audit committee in National Trade Union of Industrial Energy of Norway since 2013.

John Thuestad

Mr. John Gabriel Thuestad has served as Member of the Board of Directors of Yara International ASA since May 5, 2014. John Thuestad has been EVP Sapa Extrusion Europe since 2013. From 2012 to 2013 he led Sapa Profiles with production plants in Europe, North America and China. From 2009 to 2012 he led Alcoa Global Primary Products with 40 locations in Australia, Latin America, Europe and North America. Thuestad has previously been CEO of Elkem AS and Elkem Aluminium AS. Prior to that, Thuestad was Managing Director of Norzink AS and Fundo AS. He served as Board Member/Chairman of Tyssefaldene AS (1997-200), Board Member of Borregaard AS (2005-2007), Statkraft/Groener AS (2000-2003) and as Officer of Alcoa Inc (2010-2011). Thuestad has a Master’s degree in Metallurgy from the Norwegian University of Science and Technology and a MBA from Carnegie Mellon University, Pittsburgh, USA. Thuestad is Member of the Executive Committee of the European Aluminium Association.

Thor Giaever

Mr. Thor Giaever has been appointed Head of Investor Relations at Yara International ASA, effective as of September 9, 2015. He has been appointed Acting Chief Financial Officer of Yara International ASA for a period from October 13, 2014 until September 9, 2015. He previously was Head of Investor Relations and Company Secretary at the Company from May 2011 until October 13, 2014. He has experience from several positions in the Company, including Head of Controlling and Investor Relations Officer. He was Head of Controlling and CFO Supply & Trade. Before joining the Company, he held several controller positions with Ford Motor Company. He holds Bachelor of Science (Hons) degree from the School of Management, University of Bath.

Basic Compensation

Name Fiscal Year Total

Leif Teksum

573,000

Svein Holsether

10,835,000

Maria Moraeus Hanssen

620,000

Torgeir Kvidal

6,926,000

Kristine Ryssdal

2,488,000

Lene Trollnes

3,659,000

Tove Andersen

4,352,000

Yves Bonte

10,785,000

Lair Hanzen

7,630,000

Pierre Herben

2,353,000

Terje Knutsen

6,313,000

Petter Ostbo

4,591,000

Alvin Rosvoll

5,958,000

Terje Tollefsen

2,588,000

Kjersti Aass

196,000

Hilde Bakken

351,000

Rune Bratteberg

392,000

Geir Isaksen

309,000

Geir Sundbo

344,000

John Thuestad

392,000

Thor Giaever

2,450,000
As Of  30 Dec 2016