SWEDEN (News release) -- BillerudKorsnäs intends to implement a simplified organizational structure as of August 1, 2020. The new organization will be built along the business flow around three functional areas: Wood Supply, Operations and Commercial. In parallel, the resources for sustainability and innovation will be grouped in a common new function, Sustainability & Strategic Development.
The change means that the current divisions are being replaced by a simplified organization where management comes closer to the business. The new structure follows the business flow and is built around three functional areas: Wood Supply, Operations and Commercial. To further integrate sustainability and innovation into the business, these resources will be grouped into a common function: Sustainability & Strategic Development. The Solutions business will remain an independent unit reporting as before to the CEO, but it will not be represented in the Executive Management Team.
As of August 1, the Executive Management Team will consist of the following members; Lennart Holm, acting CEO, Ivar Vatne, CFO, Helene Biström, EVP Commercial, Tor Lundqvist, EVP Operations, Uno Brinnen, acting EVP Wood Supply, Ulf Eliasson, EVP Sustainability & Strategic Development and Paulina Ekvall, EVP HR.
As a consequence of the reorganization, Mikael Andersson, currently EVP Division Board, and Magnus Wikström, currently EVP Innovation, will leave the company.
External financial reporting is only expected to be marginally affected and will be adjusted as of the 3Q 2020.
BillerudKorsnäs is one of the leading manufacturers of packaging paper made from virgin fibers.