EXHIBIT 10.1
Published on December 26, 2006
Exhibit 10.1
NOVELIS APPOINTS NEW INDEPENDENT DIRECTORS TO BOARD
ATLANTA, Dec. 26 /PRNewswire-FirstCall/ -- Novelis Inc. (NYSE: NVL)
(TSX: NVL) today announced that it has appointed two new independent
directors, Patrick J. Monahan and Sheldon Plener, to its Board of Directors.
Mr. Monahan is Dean of the Osgoode Hall Law School of York University,
Toronto. Mr. Plener is a senior partner with the Toronto law firm of Cassels
Brock & Blackwell LLP.
The appointments take effect immediately and will continue until Novelis'
annual meeting in 2007. These appointments bring the current number of Board
members to 13.
Patrick Monahan has been a Professor of Law at Osgoode Hall Law School since
1982 and was appointed Dean in 2003. Additionally, he is an Affiliated Scholar
with Davies Ward Phillips & Vineberg LLP, providing legal advice and opinions to
leading Canadian corporations and private sector organizations. He is also a
member of the Board of Governors of the Law Commission of Ontario. Mr. Monahan
holds a Master of Laws degree from Harvard University and a Bachelor of Laws
degree from Osgoode Hall Law School, as well as a Master of Arts degree from
Carleton University and a Bachelor of Arts from the University of Ottawa.
Sheldon Plener joined Cassels Brock & Blackwell in 1978 and became a partner
in 1983 in the Business Law Practice Group. He is currently a member of the
firm's Executive Committee and Chair of its Audit Committee, and has been lead
counsel to public and private clients in a broad range of industries. He is also
a director of Biovail Corporation, the largest publicly traded pharmaceutical
company in Canada, and serves as Chair of its Risk and Compliance Committee. As
well, Mr. Plener is an Alternate National Hockey League Governor representing
the Ottawa Senators Hockey Team and is counsel to Ronald McDonald House Toronto
and the Canadian Breast Cancer Foundation.
"These gentlemen will be outstanding additions to our Board with their wide
breadth of legal and corporate experience," said William T. Monahan, Chairman of
the Board and Interim Chief Executive Officer. "They also provide strong
Canadian representation for our Canada-based company."
Novelis is the global leader in aluminum rolled products and aluminum can
recycling. The Company operates in 11 countries and has approximately 12,500
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 www.novelis.com.
SOURCE Novelis Inc.
-0- 12/26/2006
/CONTACT: Charles Belbin, +1-404-814-4260, or charles.belbin@novelis.com,
or Eric Harris, +1-404-814-4304, or eric.harris@novelis.com, both of Novelis
Inc./
/Web site: http://www.novelis.com /
(NVL)