Yara International ASA has announced organizational adjustments to support its long-term growth ambition. A new business area with responsibility for supply and trade is established as part of Yara’s management team. In addition several key positions have been reassigned. The following organizational changes will be effective from October 1:
Daniel Clauw’s contract with Yara, due to expire spring of 2007, has been prolonged. From Oct. 1 Clauw will dedicate his time to pursuing step-growth initiatives on behalf of Yara. He will work in a consultancy role reporting to the CEO.
The new Yara management team includes the following.
Ed Cavazuti is appointed as head of the Downstream business segment. He will relocate to Oslo from his current position as head of Business Unit Asia based in Singapore.
Hallgeir Storvik, presently CFO, is appointed head of the new business area, Supply and Trade. The unit is responsible for global optimization, trading of ammonia and fertilizer, sourcing of energy and raw materials, and business intelligence. Part of the objective is to improve and speed up decision-making in this area. Storvik will continue to be part of the Yara management team and ensure increased management focus on global optimization and trade.
Sven Ombudstvedt, presently head of Upstream, is appointed CFO and head of strategy.
Tor Holba, presently head of Downstream, is appointed head of the Upstream business segment.
Terje Bakken (Industrial), Anne Grethe Dalane (HR), Arne Cartridge (Communications) and Ken Wallace (Legal) will continue in their current positions.
Financial reporting will continue based on the existing segment structure. Supply and Trade will not be reported as a separate business segment.
Moore Agricultural Products Co. announced that Mike Barry, formerly of Agriliance/RSA Micronutrients, has joined the company as senior vice president of operations. He will be headquartered in the company’s new production facility near Dumas, Texas. His area of responsibility includes management oversight of the company’s T-Tech division of sulfur bentonite and micronutrient production plants in Texas and Tennessee, as well as product development, R&D, and purchasing. By locating in Dumas, Barry will supervise the move-in and renovation of the company’s new 70,000 square foot Cactus facility, which initially will include construction of a new liquids and water soluble micronutrient plant, to be followed by the re-location of the company’s Goodlett, Texas, sulfur bentonite plant in mid 2007. Barry can be reached at m.barry@mooreag.com or at 970-381-8102.