Metsä Board Corporation Stock Exchange Release 10 December 2014 at 1 p.m. EET
Metsä Board Corporation, part of Metsä Group, renews its management and reporting structure to enable successful implementation of the company’s growth strategy.
“Our main target is profitable growth of our paperboard businesses. At the same time we plan to take an exit from underperforming paper businesses. We have developed our paperboard offering actively in recent years in order to better serve our customers. Now we also change our management structure in order to secure successful implementation of these new growth and restructuring steps. Function based organization fits Metsä Board the best from now on”, comments CEO Mika Joukio.
As of 1 January 2015 Metsä Board’s Corporate Management Team consists of the following persons:
- Mika Joukio, CEO
- Markus Holm, CFO
- Seppo Puotinen, SVP, Marketing and Sales
- Ari Kiviranta, SVP, Production and Technology
- Sari Pajari, SVP, Business Development
- Susanna Tainio, SVP, Human Resources
Tainio is a new member in the Metsä Board Management Team.
Metsä Board’s reporting segments from 1Q 2015 onwards are the following:
- Paperboard
- Non-core operations
Paperboard segment includes folding boxboard, fresh forest fibre linerboard, wallpaper base and market pulp businesses. Non-core operations include Husum’s standard paper business until the planned discontinuation latest by end 2017 and Gohrsmühle mill’s cast coated and label paper businesses. Reporting under Other operations will remain unchanged.
Accounting for the 24.9 per cent ownership in Metsä Fibre will remain unchanged. The associated company result of Metsä Fibre will be allocated to Paperboard segment.
Metsä Board will announce the 2014 financial statements on 5 February 2015 based on the old reporting segments including Cartonboard and Linerboard and Paper business areas. The restated historical figures will be released during February 2015.
METSÄ BOARD CORPORATION
For further information, please contact:
Markus Holm, CFO, tel. +358 10 465 4913
Juha Laine, Vice President, Investor Relations and Communications, tel. +358 10 465 4335
