AHLSTRÖM-MUNKSJÖ OYJ STOCK EXCHANGE RELEASE DECEMBER 21, 2017 at 9:10 CET
The Board of Directors has today appointed Hans Sohlström President and CEO of Ahlstrom-Munksjö, effective as of June 30, 2018, at the latest. Sohlström is currently the President and CEO of Ahlström Capital Group.
Ahlstrom-Munksjö’s current President and CEO Jan Åström, (b. 1956), will retire from the position on June 30, 2018, at the latest. He has been the President and CEO of the company since its creation through the merger of Ahlstrom Corporation and Munksjö Oyj on April 1, 2017, and before that he was the President and CEO of Munksjö since 2008.
“The Ahlstrom-Munksjö Board of Directors is very pleased with how the integration following the merger is progressing. As previously communicated we expect to deliver above the original synergy plan and the synergy benefits are already clearly visible in our results. The Board feels that we are now in a natural and strong position to move forward. With the appointment of Hans Sohlström as the new CEO in Ahlstrom-Munksjö we expect him to take us to the next level by continuing in executing on our long-term financial targets and our strategic growth plan. We truly believe that Hans through his skills, experience and passion will be a driving force in creating further value to all of our stakeholders,“ says Vice Chair Peter Seligson.
“Jan Åström has done an excellent job in leading the integration of the merged company and before that he very successfully transformed the operations at Munksjö. On behalf of the Board and the company, I would like to offer our warmest thanks to Jan Åström for his commitment and hard work for Ahlstrom-Munksjö and its predecessor Munksjö,” Peter Seligson concludes.
”The merger of Ahlstrom and Munksjö and the subsequent integration of the two companies have been among the most interesting, yet challenging tasks of my professional career. I have truly enjoyed every minute of it. I will give my full attention and commitment to leading this company until the succession has been completed in a successful way,” Jan Åström says.
Hans Sohlström, M.Sc (Tech.) and M.Sc. (Econ.), (b. 1964), has been the President and CEO of Ahlström Capital since early 2016. Before that he worked for 3.5 years as the President and CEO of Rettig Group and 24 years in various leadership positions at UPM-Kymmene Corporation, of which eight years as member of the Group Executive Team. At UPM, Hans Sohlström gained experience from leading corporate and new business development, sales and marketing as well as operations as a Mill Director.
“I know Ahlstrom-Munksjö very well and I’m passionate about its business and mission to create innovative and sustainable fiber-based solutions. I am very excited to take this position and about the company’s future value creation potential,” Hans Sohlström says.
Hans Sohlström will continue as the Chairman of the Board until the end of the Annual General Meeting in 2018, but refrain from participating in the work of the Shareholders’ Nomination Board. The Board of Directors has today resolved to change the composition of the Human Resources Committee and elected Peter Seligson as new member and Hannele Jakosuo-Jansson as Chair of the Human Resources Committee instead of Hans Sohlström. The members of the Human Resources Committee are Hannele Jakosuo-Jansson (Chair), Peter Seligson and Johannes Gullichsen. All the members of the Human Resources Committee are considered independent of the company and its significant shareholders.”
Hans Sohlström will be based at the company’s head office in Stockholm with a working desk also at the Helsinki office.
The search process was initiated by the Board of Directors early fall 2017 being led by a recruitment committee within the Board of Directors, consisting of the Vice Chairs Elisabet Salander Björklund, Peter Seligson and Board Member Hannele Jakosuo-Jansson.
Ahlstrom-Munksjö will arrange a briefing today, on Thursday, December 21, 2017, at 11:30 EET at the company’s Helsinki office (Alvar Aallon katu 3 C, meeting room Antti), hosted by Peter Seligson. The event can be accessed also via live webcast and telephone conference through the link and numbers below.
Finnish callers: +358 (0)9 7479 0361
Swedish callers: +46 (0)8 5033 6574
UK callers: +44 (0) 330 336 9105
US callers: +1 323 794 2093
Conference ID: 8432050
To join the conference call, participants are requested to dial one of the numbers above 5-10 minutes prior to the start of the event. An on-demand version of the conference call will be available on Ahlstrom-Munksjö’s website later the same day.
For further information, please contact:
Vice Chairman of the Board
Tel. +358 50 1493
President and CEO as of June 30, 2018
Tel. +358 400 547 717
Jan Åström President and CEO
Tel. +46 10 250 1001
Ahlstrom-Munksjö in brief
Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative and sustainable solutions to customers worldwide. Our offerings include decor paper, filter media, release liners, abrasive backings, nonwovens, electrotechnical paper, glass fiber materials, food packaging and labeling, tape, medical fiber materials and solutions for diagnostics. Combined annual net sales are about EUR 2.15 billion and we employ 6,000 people. The Ahlstrom-Munksjö share is listed on the Nasdaq Helsinki and Stockholm. The company was formed on April 1, 2017 through the merger of Ahlstrom Corporation and Munksjö Oyj. Read more at www.ahlstrom-munksjo.com .
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