After 14 years with the Group and nearly a decade as President and CEO, Magnus Groth has informed the Board of Directors of Essity Aktiebolag (publ) of his decision to step down from his role as CEO and as a member of the Board during 2025.
A recruitment process for a successor will be initiated immediately.
”As President and CEO of first SCA and then Essity, Magnus has successfully listed and led Essity on a significant journey of change over the past 10 years to increase profitability, growth and innovation. Through his leadership and commitment, Magnus has played an important role in creating the platform that Essity has for continued global profitable expansion”, said Jan Gurander, Chairman of the Board. "The Board of Directors extends its gratitude for Magnus valuable contributions as President and CEO."
Reflecting on his tenure, Mr Groth shared: ”It has been very stimulating to work as President and CEO since 2015, first for SCA and then for Essity, and I especially appreciate the collaboration with colleagues all over the world. Essity is today a world-leading hygiene and health company with strong brands and market positions, great employees and recognized sustainability work, reflected in profitable growth. After 14 years with the company and ten years as CEO, I consider this a suitable time to embark on a new chapter for me and for Essity."
Mr Groth has a one-year notice period and will continue to serve as President and CEO until his successor is appointed.
