Aug 26, 2005. /Lesprom Network/. Investment AB Kinnevik announced that Kinnevik's and Korsnäs' board of directors have appointed Peter Sandberg new CEO of Korsnäs AB. He will take office on 1 December, 2005. Peter Sandberg comes from a position as executive vice president in M-Real, responsible for the office paper division. The CEO and president of Kinnevik, Vigo Carlund, will remain acting CEO of Korsnäs until Peter takes office. Peter Sandberg has worked in various positions within Modo Paper and M-Real since 1994. In his most recent position at M-Real, he was responsible for a total turnover of Euro 800 million, four production units and 2,350 employees. Investment AB Kinnevik is an investment company. The company's objective is to increase shareholder value, primarily through net asset value growth. The group consists of the parent company Investment AB Kinnevik and a number of operating subsidiaries. The group's subsidiarie is active in cartonboard and paper production through Korsnäs.