Hilde Merete Aasheim has been appointed new President and CEO of Norsk Hydro ASA. Aasheim succeeds Svein Richard Brandtzæg, who has decided to step down after 10 years. The appointment will be effective May 8, 2019.

Aasheim is currently executive vice president and head of Hydro's Primary Metal business area, a position she has held since 2008. Svein Richard Brandtzæg, who became the CEO of Hydro in March 2009, has decided to step down after 10 years as CEO. Brandtzæg has been working in Hydro for 33 years and will remain with the company until the end of 2019.

He will act as an advisor to the new CEO and Hydro's technology board.