STOCKHOLM, Jan. 22,
2025 /PRNewswire/ -- After 14 years with the
Group, and almost ten years as president and CEO, Magnus Groth
has today informed the Board of Directors of Essity Aktiebolag
(publ) that he has decided to step down as CEO and from 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."
"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,"
says Magnus Groth. "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."
Magnus Groth has a notice period
of one year. He will continue as President and CEO of Essity until
a successor is appointed.
NB: This information is such that Essity Aktiebolag (publ) is
obligated to make public pursuant to the EU Market Abuse
Regulation. The information was submitted for publication, through
the agency of the contact person set out below, at 19:15 CET on January 22,
2025.
Karl Stoltz, Media Relations
Director, +46 709 426 338, karl.stoltz@essity.com
CONTACT:
For further information, please
contact:
Per Lorentz, Vice President
Corporate Communications, +46 73 313 30 55,
per.lorentz@essity.com
Sandra Åberg, Vice President Investor Relations, +46 70 564 96 89,
sandra.aberg@essity.com
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President and CEO
Magnus Groth will leave Essity during 2025
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SOURCE Essity
