Falconbridge top executive Oyvind Hushovd was fired in late February in a dispute with the board of directors from parent company Noranda Inc. His replacement, Derek Pannell, Noranda's president and CEO, will retain his position at Noranda. Hushovd was reportedly in disagreement with the board's planned new direction of the company to improve shareholder value. A company spokesperson says no job cuts will be made among the Sudbury-based nickel producer's 6,000 employees.