Due to "differing views regarding the ongoing development of the company" the Board of Directors of Sweden's forest products group Södra decided to terminate the employment of CEO Leif Brodén. Södra Timber's CEO Peter Nilsson has also decided to leave Södra.
Södra announced that a decision has been made to extend temporarily the responsibilities of the President of Södra Cell Gunilla Saltin to also include the role of CEO for the entire Södra group. Recruitment of a new CEO will begin immediately. The Board of Directors at Södra has decided to start searching for a new CEO and Group President. As the Board of Directors and CEO have differing views regarding the ongoing development of the company and what is required in the form of leadership and clarity, the board has decided to terminate the employment of CEO Leif Brodén with immediate effect.
Recruitment of a new CEO will begin immediately. Until a new CEO is appointed, Board Chairman Christer Segerstéen will extend his involvement in the company and take over as Acting Chairman. In this role, he will mainly assist the acting CEO with ownership and industry issues.
In addition, Södra's CEO for Södra Timber Peter Nilsson has also chosen to leave Södra. He has been Södra Timber's CEO since 2005. Södra's Forest Director, Håkan Svensson, has been appointed acting CEO for Södra Timber, until a new CEO has been recruited. Håkan Svensson will retain the position of Forest Director at Södra.
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