Elkem appoints new acting SVP for Silicones division

Larry Zhang has accepted a new position in Sinochem and Sandy Chen has been appointed Acting Senior Vice President for Elkem's Silicones division, a leading global player in fully integrated silicone manufacturing.

Both will step into their new roles with immediate effect.

Sandy Chen comes from the position as the Vice President Asia Pacific region in the Elkem Silicones division. Sandy has a long and extensive experience both within leadership and the silicones global business. She holds a polymer master's degree from Beijing Technology and Business University.

"Elkem is one of the world's leading suppliers of silicon-based advanced material solutions shaping a better and more sustainable future, and we are proud to be a global leader in fully-integrated silicone manufacturing. Elkem pursues a strategy of dual play growth and green leadership, and this will continue in the Silicones division under Sandy's temporary leadership. I know Sandy as a committed business leader and I very much look forward to having her as a temporary member of Elkem's corporate management team, until a permanent solution is in place," says Elkem's CEO Helge Aasen.

"I am honored to be appointed as the Acting SVP for Elkem's Silicones division and will do my utmost to lead the global team delivering on our ambitious targets in 2024," says the acting SVP Silicones Sandy Chen.

Elkem's silicones division is a fully integrated producer from silicon metal to upstream siloxanes and downstream silicone specialties. The division has two large expansion projects in France and China which will be finalised in 2024. These projects will improve the plants' cost positions, mainly through lower energy and raw material consumption. The new production line in China is expected to be on level with the current lowest cost producers.

For further information, please contact:

Odd-Geir Lyngstad
VP Finance & Investor Relations
Tel: [phone]
Email: [e-mail]

Maria Ekornes Myhre
Acting VP Corporate Communications and Public Affairs
Tel: [phone]
Email: [e-mail]

Elkem is one of the world's leading providers of advanced silicon-based materials shaping a better and more sustainable future. The company develops silicones, silicon products and carbon solutions by combining natural raw materials, renewable energy and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health and personal care as well as smarter and more sustainable cities. With a strong track record since 1904, its global team of more than 7,400 people has a joint commitment to stakeholders: Delivering your potential. In 2023, Elkem achieved an operating income of NOK 35.5 billion and CDP ratings of A on Forests, and A- on Climate Change and Water Security. Elkem is listed on the Oslo Stock Exchange (ticker: ELK), where the company is also included in the ESG Index. www.elkem.com

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https://news.cision.com/elkem/i/sandychen,c3276168

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