Norwegian chemical and fertilizer company, Yara International, has appointed Svein Tore Holsether as president and CEO with effect from October 2015. He will succeed acting CEO Torgeir Kvidal. Holsether is currently serving as president and CEO of Sapa Group, a position he has held since 2011. Kvidal, who has been acting CEO since October 2014, will return to his position as CFO.

Describing Holsether as "a perfect fit" for Yara, Leif Teksum, chairman of the board of directors, commented: "His extensive background for international industry coupled with his personal capabilities makes him highly qualified for the position as CEO."

Holsether said he was looking forward to working on solutions to global issues such as food security and protecting the environment. He was born in Norway in 1972 and holds a BSc in finance from the University of Utah.