SCA Makes Changes to Forest Products Company Executive Management

The distribution of the SCA Group's (Sweden) hygiene and health company, Essity Aktiebolag, approved by the 2017 Annual General Meeting, has now been completed. As previously communicated, the forest products company SCA has a new Executive Management Team effective this week 

In line with this, the board of directors has relieved Magnus Groth of his duties as president and CEO and appointed Ulf Larsson president and CEO, and relieved Fredrik Rystedt of his duties as EVP of the forest products company SCA. Groth and Rystedt will remain in their positions at Essity Aktiebolag as president and CEO and EVP and CFO, respectively.

Larsson holds a B.S. degree in forestry and has been an employee of the SCA Group since 1992. He has served as president of the SCA Forest Products business area since 2008, which following the now completed distribution, comprises the forest products company SCA. He has also been EVP of the company since August 2016.

Toby Lawton will hold the position of CFO in the new Executive Management of the forest products company SCA. Toby Lawton holds a master's degree and between 2014 and 2017 has held the position of CFO at Vinda International Holding Ltd., listed on the Hong Kong Exchange.

Further information regarding the new Executive Management Team of the forest products company SCA is available on the company's website. 

In accordance with the resolution passed at the Extraordinary General Meeting on May 17, 2017, the forest products company SCA's Board of Directors will be comprised of Pär Boman (chairman), Charlotte Bengtsson, Lennart Evrell, Annemarie Gardshol, Ulf Larsson, Martin Lindqvist, Lotta Lyrå, Barbara Milian Thoralfsson, and Bert Nordberg. The employees have appointed Roger Boström, Hans Wentjärv, and Johanna Viklund Lindén as regular board members and Stefan Lundkvist, Per Andersson, and Maria Jonsson as deputy board members.

The core of SCA's business is the forest, 2.6 million hectares in northern Sweden. Around this unique resource, the company has built a well-developed value chain based on renewable raw material from its own and others' forests. SCA offers paper for packaging and print, pulp, wood products, renewable energy, services for forest owners, and efficient transport solutions. The forest products company SCA has approximately 4,000 employees and its sales amounted to approximately SEK 15.4 billion (EUR 1.6 billion) in 2016. SCA was founded in 1929 and has its headquarters in Sundsvall, Sweden.