SCA appoints new president and CEO
Sep 03, 2007. Jan Johansson, currently president and CEO of Boliden AB, has been appointed as SCA's new president and CEO.
Sep 03, 2007. /Lesprom Network/. The board of directors of SCA has decided on September 3, 2007 to implement a change of CEO. Jan Johansson, currently president and CEO of Boliden AB, has been appointed as SCA's new president and CEO. SCA's executive vice president and CFO, Lennart Persson, will be acting CEO until Jan Johansson can take up his position, however, within three months at the latest. Jan Astrom is vacating his position with effect from today's date.
SCA's chairman, Sverker Martin-Lof, states: "In the board we see major opportunities for SCA to improve profitability and accelerate its growth rate in prioritized markets in Eastern Europe, Asia and Latin America. This applies in particular to SCA's consumer products. It is a question of finding the right leadership for the right challenges. We have looked for a CEO whose strong leadership is well documented, who is future-oriented. These are qualities we see in Jan Johansson."
"Jan Astrom has been president and CEO of SCA for almost six years. In an exemplary manner, he has implemented essential and extensive cost-cutting and efficiency enhancement programmes which has contributed to SCA's earnings recovery," continues Sverker Martin-Lof.
"In recent years, SCA has succeeded with major and important adjustments in response to changes in customer structures and business climates. I understand and respect the fact that different circumstances require different leadership," comments outgoing CEO Jan Astrom.
Svenska Cellulosa Aktiebolaget SCA is a global consumer goods and paper company that develops, produces and markets personal care products, tissue, packaging solutions, publication papers and solid-wood products. Sales are conducted in some 90 countries. SCA has annual sales in excess of SEK 101 billion (Euro 11 billion) and production facilities in more than 40 countries. SCA had approximately 51 000 employees at the beginning of 2007. SCA shares are traded on the Stockholm, London and New York stock exchanges.