Changes to the forest products company SCA’s Executive Management.
As a final step in the split of the SCA Group into two listed companies, the Board has – in connection with Magnus Groth being relieved of his duties as President and CEO – appointed Ulf Larsson as President and CEO of SCA.
Magnus Groth has been appointed President and CEO of Essity Aktiebolag, which has been admitted for trading on Nasdaq Stockholm. The distribution of the SCA Group’s 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.
In line with this, the Board of Directors has relieved Magnus Groth of his duties as President and CEO and appointed Ulf Larsson as President and CEO, and relieved Fredrik Rystedt of his duties as Executive Vice President of the forest products company SCA. Magnus Groth and Fredrik Rystedt will remain in their positions at Essity Aktiebolag as President and CEO and Executive Vice President and CFO, respectively.
Ulf Larsson holds a B.Sc. Forestry and has been an employee of the SCA Group 1992. He has served as President of the Forest Products business area since 2008, which following the now completed distribution, comprises the forest products company SCA. He has also been Executive Vice President of the company since August 2016.
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