G�ran Bye, Executive Vice President in the REC Group, will be leaving 
the company, with his departure anticipated sometime in February 
2009.  Mr. Bye has for more than six years provided leadership to REC 
Silicon as CFO (2002-2005) and President (2005-present).  He has 
taken REC Silicon through several critical phases of development, 
from the acquisition of ASiMI, restructuring of the combined silicon 
operations and extensive growth and construction of new capacity. 
His latest achievement will be the new silicon plant based on the FBR 
technology. 
 
Tore Torvund has been employed as Executive Vice President in the REC 
Group with the responsibility to lead REC Silicon's operations.   Mr. 
Torvund will be a member of the REC Group Management Team reporting 
to REC Group President & CEO Erik Thorsen. 
 
Tore Torvund has a Master of Science degree from the Norwegian 
University of Science and Technology (NTNU).  He has for more than 
twenty years held senior executive positions in the oil and gas 
industry.  Mr. Torvund was Executive Vice President responsible for 
Norsk Hydro's Oil & Gas Division from 2000 until the merger with 
Statoil in October 2007. In this same period of time, he was a member 
of Norsk Hydro's Corporate Executive Committee. 
 
After the merger and until October 2008, Tore Torvund was Executive 
Vice President responsible for the company's operations on the 
Norwegian continental shelf and a member of StatoilHydro's Corporate 
Executive Committee. 
 
"I am very pleased that Tore Torvund has accepted to join REC", says 
Erik Thorsen, the President and CEO of REC.  "With his extensive 
operational experience from large, international organizations, we 
strongly believe that he will bring in critical know-how and 
competencies that are essential to accomplish REC's strong, 
international growth strategy. I would also like to thank G�ran Bye 
for his significant contributions to the development and growth of 
REC Silicon, and wish him all the best in his future endeavors", says 
Mr.Thorsen. 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 
http://www.recgroup.com 
Copyright � Hugin AS 2009. All rights reserved.

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