BillerudKorsnäs — Board/Management Information 2018

Nov 15, 2018

Press release

15 November 2018

BillerudKorsnäs appoints CFO

BillerudKorsnäs announced today that Ivar Vatne is appointed Chief Financial Officer (CFO). Ivar will be part of BillerudKorsnäs Group Management and will take up his post by 1 June 2019 at the latest.

Ivar Vatne has more than 16 years' experience of different roles within finance, mainly focusing on Fast-Moving Consumer Goods (FMCG) from Procter & Gamble (P&G), Fiskars and Arla. At P&G Ivar's roles have included Group CFO for one of P&G's divisions, with responsibility for 19 markets. For the past three years he has been employed in the Arla Group, where he has served as CFO of Arla Foods Sweden AB and then around two years as CFO of Arla UK Ltd, with net sales of around EUR 2.2 billion. Ivar has an M.Sc. of strategy and management from the Norwegian School of Economics, along with a degree in philosophy from the University of Tromsø (UiT).

"I'm convinced that Ivar's strong commercial profile and broad experience of major investment projects, innovation-driven growth and his solid international background will make a very positive contribution to the development of the entire company and bring valuable expertise to Group management," says Petra Einarsson, President and CEO of BillerudKorsnäs.

"I'm delighted and honoured to have been offered the role of CFO at BillerudKorsnäs. The combination of world-leading expertise and innovation with a sharp focus on sustainability mean that BillerudKorsnäs' direction and offering are fully in keeping with the times. I greatly look forward to taking on this task and supporting the company as it continues to develop," says Ivar Vatne.

Ivar will be part of BillerudKorsnäs' Group management and will take up his post by 1 June 2019 at the latest. Kristina Schauman, Board member at BillerudKorsnäs, took up her post as acting CFO as of 1 November 2018.

For further information, please contact:

Johan Dyrendahl, Head of Communications, +46 703 657 327, johan.dyrendahl@billerudkorsnas.com

The information was submitted by the above contact person, for publication on 15 October 2018 at 12:00 CET.

BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging in order to create a more sustainable future. We are a world-leading provider of primary fibre-based packaging materials, supplying these to customers in more than 100 countries. The company has eight production plants in Sweden, Finland and the UK and employs around 4,400 people in more than 13 countries. BillerudKorsnäs has sales of approximately SEK 22 billion and its shares are listed on Nasdaq Stockholm. www.billerudkorsnas.se.