ATLANTA, June 28 /PRNewswire-FirstCall/ -- Novelis Inc. (NYSE: NVL) (TSX: NVL) today announced that Rick Dobson has been appointed Senior Vice President and Chief Financial Officer, effective July 19, 2006.
Mr. Dobson comes to Novelis with significant public company experience. He has been the Chief Financial Officer of Aquila, Inc., the Kansas City, Missouri-based operator of electricity and natural gas distribution utilities, since 2002.
"We are very pleased to welcome Rick to Novelis' senior management team," said Brian W. Sturgell, President and Chief Executive Officer of Novelis. "He has a strong track record of financial leadership, extensive management and investor relations experience and deep expertise in hedging and derivatives strategy. Given this skill set, he will be a particularly valuable asset as we continue to execute our business strategy and take steps to strengthen our finance organization."
Mr. Dobson said, "I am delighted to be joining Novelis. I look forward to helping drive its transformation as it emerges from a complicated and difficult spin process into a world-class public company."
Mr. Dobson was Vice President of Financial Management for Aquila Merchant Services, a top five energy merchant company, from 1997 to 2002. He served as Vice President and Controller of ProEnergy, a natural gas marketing venture for Apache, from 1995 to 1997, and of Aquila Energy Corporation from 1989 to 1995. Mr. Dobson began his career in 1981 as an audit manager for a major audit firm, specializing in the energy, telecommunications and homebuilding sectors.
Mr. Dobson earned a BBA in Accounting from the University of Wisconsin at Madison and an MBA from the University of Nebraska at Omaha. He is also a certified public accountant.
Novelis also announced today that Steve Fisher, previously Vice President Corporate Development, has assumed additional responsibilities for strategic planning and has been appointed Vice President Strategic Planning and Corporate Development.
Novelis is the global leader in aluminum rolled products and aluminum can recycling. The company operates in 11 countries and has approximately 13,000 employees. Novelis has the unrivaled capability to provide its customers with a regional supply of technologically sophisticated rolled aluminum products throughout Asia, Europe, North America and South America. Through its advanced production capabilities, the company supplies aluminum sheet and foil to the automotive and transportation, beverage and food packaging, construction and industrial, and printing markets. For more information, visit http://www.novelis.com.
Statements made in this news release which describe Novelis' intentions, expectations or predictions may be forward-looking statements within the meaning of securities laws. Novelis cautions that, by their nature, forward- looking statements involve risk and uncertainty. We do not intend, and we disclaim any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. Please refer to important risk factors listed under the caption "Special Note Regarding Forward-Looking Statements and Market Data" in our quarterly report on Form 10-Q for the period ended September 30, 2005, as filed with the SEC. The risk factors included in our quarterly report on Form 10-Q for the period ended September 30, 2005, are specifically incorporated by reference into this news release.
SOURCE Novelis Inc.
CONTACT: Media, Charles Belbin, +1-404-814-4260, or
charles.belbin@novelis.com; or
Investors, Holly K. Ash, +1-404-814-4212,
holly.ash@novelis.com,
both of Novelis Inc.