Novelis Appoints New Independent Director to Board
August 30 2006 - 9:30AM
PR Newswire (US)
ATLANTA, Aug. 30 /PRNewswire-FirstCall/ -- Novelis Inc. (NYSE:NVL)
(TSX: NVL) today announced that it has appointed a new independent
director, John D. Watson, to its Board of Directors. Mr. Watson is
an Executive Advisor of EnCana Corporation, a leading oil and gas
exploration and production company in North America. He retired in
February 2006 as Executive Vice President and Chief Financial
Officer of EnCana, a position he had held since 2002. This
appointment takes effect immediately and continues until Novelis'
annual meeting, scheduled for October 26, 2006, when Mr. Watson
will be nominated for election to serve in the coming year. Mr.
Watson fills the vacancy resulting from J.E. (Ted) Newall's
retirement from the Board in July. William T. Monahan, Chairman of
the Board and Interim Chief Executive Officer, said, "We welcome
the addition of John Watson to Novelis' Board of Directors. Having
had a successful career in the energy industry, John's experience
and expertise complement those of our other directors, and he has a
distinguished record of creating value for shareholders. We look
forward to his contributions as we continue to transform the
Company and focus on maximizing shareholder value." Before becoming
Executive Vice President and Chief Financial Officer of EnCana in
2002, Mr. Watson, 61, was Vice President, Finance, and Chief
Financial Officer of an EnCana predecessor, Alberta Energy Company
Ltd., from 1987 to 2002. He serves as the chair of the Calgary
Police Commission, and is a member of the Audit Committee for the
Province of Alberta. He is a director of UTS Energy Corporation and
Nortel Networks Corporation. Mr. Watson, a Fellow of the Chartered
Accountants of Alberta, holds a Bachelor of Arts degree from
Concordia University and a Master of Business Administration from
Queen's University. 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. DATASOURCE: Novelis
Inc. CONTACT: Charles Belbin of Novelis Inc., +1-404-814-4260, or
Web site: http://www.novelis.com/
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