40 questions with Hydro's new CEO

On May 13 Eivind Kallevik assumed his position as Hydro's new President and CEO, launching his agenda for accelerating Hydro's strategy of pioneering the green aluminium transition, powereed by renewable energy towards 2030.

We met Eivind to ask him some questions to get to know!

Hydro is the leading provider of low-carbon and recycled aluminium solutions. To take the next big step towards pioneering the green aluminium transition, we are shifting gears to accelerate growth, value creation and sustainability. Hydro is present throughout the full value chain of aluminium production in every step, from when bauxite is mined until shipments of aluminium solutions leave Hydro’s facilities.

The strategic direction towards 2030 was launched at the company’s Capital Markets Day in late 2023. The Hydro 2030 strategy is about growth, value creation and sustainability. It’s about accelerating growth in recycling, extrusions and in energy solutions supporting our decarbonization roadmap. It’s about accelerating our ability to create value for all stakeholders, our employees, society, customers and investors. It’s also about accelerating our efforts within sustainability and executing on our decarbonization roadmap, while at the same time raising our game of contributing to nature positive, as well as securing a just transition,” says Kallevik. People are at the heart of Hydro’s operations. Kallevik emphasizes the importance of continued efforts to support Hydro’s target of zero work related incidents, ensuring the safety and wellbeing of all the company’s employees. People turn ambitions into results, and I look forward to working closely together with our 32,000 colleagues across the globe to accelerate growth, enhance value creation and to pioneer sustainability.

Strong control of Hydro’s cost position and continuous improvement efforts will remain fundamental for the company going forward. Current weaker market conditions do not change Hydro’s long-term outlook for an overall increased aluminium demand. Towards 2030, demand for low-carbon aluminium is expected to increase faster than overall demand growth.

We have ambitious targets for continued improvements towards 2030, as well as commercial objectives. We will not be able to invest in growth, value creation and sustainability unless we continuously strengthen our cost-position and profitability.
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Hydro – aluminium and energy company

Hydro is a leading industrial company that builds businesses and partnerships for a more sustainable future. We develop industries that matter to people and society.

Read more about Hydro here: https://www.hydro.com/en-NO/about-hydro/

Since 1905, Hydro has turned natural resources into valuable products for people and businesses, creating a safe and secure workplace for our 30,000+ employees in more than 140 locations and 40 countries.

Read more about Hydro's strategy here: https://www.hydro.com/en-NO/about-hydro/who-we-are/our-strategy/

Today, we own and operate various businesses and have investments with a base in sustainable industries. Hydro is through its businesses present in a broad range of market segments for aluminium, energy, metal recycling, renewables and batteries, offering a unique wealth of knowledge and competence.

Hydro is committed to leading the way towards a more sustainable future, creating more viable societies by developing natural resources into products and solutions in innovative and efficient ways.

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