Changes in forest company SCA's management
16 June 2017
As a final step in the division of SCA Group into two listed companies, the Board today, with the dismissal of Magnus Groth as President and CEO, appointed Ulf Larsson, President and CEO of SCA. Magnus Groth has been appointed as President and CEO of Essity Aktiebolag (publ) today admitted to trading on Nasdaq Stockholm.
The AGM 2017 resolved the distribution of the SCA Group's health and hygiene company, Essity Aktiebolag (publ) to the shareholders has now been completed. As previously announced, the forest company SCA of today, the new group.
Accordingly, the Board has today been terminated by Magnus Groth as President and CEO and appointed Ulf Larsson, President and CEO, and Fredrik Rystedt been terminated as a vice president in the forest company SCA. Magnus Groth and Fredrik Rystedt remain in their positions in Essity Aktiebolag (publ) as CEO and vice president and CFO.
Ulf Larsson trained foresters and employee of SCA since 1992. He has since 2008 been head of the Forest Products business area, which for the recently completed dividend amounts forest company SCA. He has since August 2016 been Executive Vice President of the company.
Toby Lawton in the new group management of forest company SCA to hold the position of CFO. Toby Lawton holds a Master's degree and during the period 2014 - 2017 held the position of CFO in the Hong Kong Stock Exchange listed company Vinda International Holdings Limited.
Further information on the new group management of forest company SCA found on the company website (www.sca.com).
In accordance with the Extraordinary General Meeting's decision on 17 May 2017, the forestry company SCA's Board of Directors as of today consist of Pär Boman (Chairman), Charlotte Bengtsson, Lennart Evrell, Anne Gardshol, Ulf Larsson, Martin Lindqvist, Lotta Lyra, Barbara Milian Thoralfsson and Bert Nordberg. The workers have as their members of the Board appointed Roger Boström, Hans Wentjärv and Johanna Lindén Viklund by deputy Stefan Lundkvist, Per Andersson and Maria Jonsson.
For further information, please contact:
Björn Lyngfelt, Communications, +46 60 19 34 98
Nils Lindholm, investor relations Director, +46 70 585 41 05
This information is information that SCA is obligated to disclose pursuant to the Securities Markets Act. The information was provided by the following agency of contact person, for publication on June 15 , 08:00, 2017
The core of SCA's business is the forest, 2.6 million hectares in northern Sweden. Around this unique resource, we have built a well-developed value chain based on renewable raw materials from our own and other forests. We offer paper for packaging and printing, pulp, wood products, renewable energy, services for forest owners and efficient transport. The forestry company SCA had in 2016 about 4000 employees and sales of 15.4 billion kronor. SCA was founded in 1929 and headquartered in Sundsvall. For more information, visit www.sca.com.