Hydro Annual Report 2011b

126
CORPORATE GOVERNANCE
Board of directors
Board of directors
Name Place of residence
Year
of birth Position Board committee
Terje Vareberg Stavanger, Norway 1948 Chairperson Chairperson
Compensation
Committee
Meetings
attended 1)
Director
since
Term
expires
9 2007 2012
Bente Rathe Trondheim, Norway 1954 Deputy chairperson Audit Committe 10 2007 2012
Billy Fredagsvik Høyanger, Norway 1956 Director Audit Committe 10 2007 2013
Inge K. Hansen Oslo, Norway 1946 Director Chairperson Audit
Committe
Finn Jebsen Oslo, Norway 1950 Director Compensation
Committee
10 2008 2012
10 2007 2012
Jørn B. Lilleby 1) 4) Sunndalsøra, Norway 1952 Director Audit Committe 4 2007
Tito Botelho Martins Jr 1) 2) Toronto, Canada 1962 Director 6 2011 2012
Ove Ellefsen 1) 5) Håvik, Norway 1956 Director 6 2011 2013
Sten Roar Martinsen Kopervik, Norway 1962 Director Compensation
Committee
9 2005 2013
Eva Persson Västra Frölunda,
Sweden
1953 Director Audit Committe 10 2010 2012
Liv Monica Stubholt Lørenskog, Norway 1961 Director Compensation
Committee
7 2010 2012
1) Total number of board meetings were 10. Eight of these were during Martins' term of service, four during Lilleby's and six during Ellefsen's.
2) Member of the board as of 28 February, 2011.
3) Member of the Board Audit Committee effective from 1 October, 2011
4) Jørn Lilleby stepped down from the board on 13 May, 2011.
5) Member of the board as of 13 May, 2011.
Terje Vareberg, chairperson
Position: Independent businessman
Education: Master of Science in business, Norwegian School of Economics and Business Administration (NHH)
Current directorships: Chairperson of Bergli Rådgivning AS, TS Eiendom AS, T Stangeland Maskin AS, NorDan AS,
Malthus AS, Ipark AS, Aarsland Møbelfabrikk AS, Fabrikkveien II AS, Aarsland Holding II AS, Solstad Trading AS and
for the Election committee of Innovation Norway. Board member of Solstad Offshore ASA, Energy Ventures IV AS,
Lærdal Finans AS and Farsund Vekst AS. Member of the supervisory board of SpareBank 1 SR Bank ASA.
No. of Hydro shares: 18,391
Bente Rathe, deputy chairperson
Position: Independent businesswoman
Education: Master of Science in business, Trondheim Økonomiske Høgskole (HIST). MBA from the University of
Denver
Current directorships: Chairperson of Ecohz AS and Cenium AS. Board member of Powel AS, Nordic Choice
Hospitality Group AS, Home Invest AS, Polaris Media ASA, Svenska Handelsbanken AB, and Innovation Norway.
Member of Ethics of Council for the Government Pension Fund, Global.
No. of Hydro shares: 29,000
Ove Ellefsen, employee representative
Position: Project Supervisor / full-time union official representing the Central Cooperative Council (Sentralt
Samarbeidsråd)
Education: Certificate of apprenticeship in electrochemistry. Work supervisor training
Current directorships: None
No. of Hydro shares: 2,544