Norsk Hydro ASA appointed Hilde Merete Aasheim president and CEO.

She will succeed Svein Richard Brandtzæg, who decided to step down after 10 years as CEO.

Aasheim is the executive vice president and head of Hydro's primary metal business area, according to a March 18 release.

Her appointment is effective May 8. Brandtzæg will remain with the company until the end of the year as an adviser to the new CEO and Hydro's technology board.