Board of new MoDo Paper now complete
The membership of the board of MoDo Paper - the new fine paper company in
which MoDo and SCA each have a 50 per cent interest - is now complete.
The chairman is to be Lennart Nilsson, chairman of the boards of Celsius, the
Swedish Engineering Industries Association and Lund University. Nilsson is
also a member of the boards of Cardo, Industrivärden, Trelleborg, the Swedish
Employer´s Confederation (SAF) and the Federation of Swedish Industries.
The other members of the board will be as follows:
Carl Bennet, chairman of the boards of Elanders, Getinge Industrier and Lifco.
Michael Bertorp, executive vice president at SCA and responsible of business
Berthold Lindqvist, chairman of Munters and a member of the boards of
Pharmacia & Upjohn, Bure, Securitas and Trelleborg.
Fredrik Lundberg, president and CEO of L E Lundbergföretagen and chairman of
MoDo, Cardo and Hufvudstaden. Lundberg is also a member of the boards of
L E Lundbergföretagen and NCC.
Sverker Martin-Löf, president and CEO of SCA and chairman of AGA. He is also a
member of the boards of SCA, Ericsson and the Federation of Swedish
Bengt Pettersson. Mr Pettersson is president and CEO of MoDo. Pettersson is
also a member of the boards of MoDo, L E Lundbergföretagen, Cardo and the
Federation of Swedish Industries.
Jan Åström, prospective president of MoDo Paper and currently president of SCA
The board will also include representatives of the employees.
The formation of the MoDo Paper group - via the merger of MoDo's and SCA's
fine paper and merchanting units - is expected to be finalised on October 1
this year. The merger is provided that the competition authorities grant the
necessary approvals, and the approval of the General Meeting of SCA Hygiene
Products AG (formerly PWA).
The intention is for MoDo Paper to be listed within the coming two years. The
company will be registered in Stockholm, where its head office will also be
located. The new group will rank third in the fine paper industry in Europe
and will have an annual turnover of some SEK19 billion, a stated equity of
approximately SEK 8 billion and around 6,000 employees. Production capacity
will amount to approximately 1.7 million tonnes of fine paper per year and the
annual deliveries of the merchanting units to some 1.1 million tonnes.
For further information, please contact:
Bengt Pettersson, president and CEO of MoDo, tel. +46 8 666 21 00
Sverker Martin-Löf, president and CEO of SCA, tel. +46 8 788 51 00.
Please visit http://www.bit.se for further information
The following files are available for download: