Revised proposal for REC Board of Directors

Sandvika, Norway - Renewable Energy Corporation ASA (REC) has received notification from Orkla ASA (Orkla) on a revised proposal for REC Board of Directors.

After the earlier announcement of the recommendation for REC Board of Directors by the Nomination Committee, Orkla has made organizational changes, and Orkla has therefore put forward a revised proposal for shareholder elected board members in REC. Orkla furthermore proposes to reduce the number of shareholder elected board members in REC from eight to five members.

Orkla proposes the following candidates for the REC Board of Directors; Jens Ulltveit-Moe, new (Chairman), Odd Christopher Hansen, re-elected, Hel

Source: IWR Online, 22 May 2012