BillerudKorsnäs initiates negotiations on new organisation

“During my first months with BillerudKorsnäs, it has become clear to me that we have great conditions for profitable growth. In order for us to take maximum advantage out of these conditions, we need to become faster and clarify accountability within the company. This we now want to accomplish through a new organisation in three divisions with full profit and loss responsibility”, says Petra Einarsson, President and CEO of BillerudKorsnäs.
The current organisation of BillerudKorsnäs is a matrix with three business areas, a production organisation and a number of supporting functions. The proposal for a new organisation, which will be subject to negotiations, contains an organisation in three divisions: sack and kraft papers, board and corrugated materials, and packaging solutions. The production units will be included in the division for sack and kraft papers and in the division for board and corrugated materials. All the details of the future organisation are not yet decided and will be worked out and negotiated going forward.

In parallel to this process, a review of the roles and composition of the senior management team of the company will also be carried out.
After finalised negotiations, the ambition is to staff the new organisation and fully implement it during the latter part of 2018. The external financial reporting of the company will be changed according to the new organisation by January 1st, 2019.

For more information, please contact:
Henrik Essén, Senior Vice President Communication and Sustainability, BillerudKorsnäs AB (publ), +46 (0)730 573801

This information constituted inside information prior to publication. BillerudKorsnäs AB is obliged to publish this information under the EU Market Abuse Regulation. The information was submitted, by the above contact person, for publication on 14 May 2018 at 18:50 CET.