SCA Group took a final step in its split into two listed companies. On June 15, 2017, SCA's Board – 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 (publ), which was admitted for trading on Nasdaq Stockholm on June 15, 2017.
The distribution of the SCA Group’s hygiene and health company, Essity Aktiebolag (publ), 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 June 15, 2017.
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 (publ) as President and CEO and Executive Vice President and CFO, respectively.
Earlier this year Fordaq reported on the respective split of SCA Group.