SCA Group appointed Ulf Larsson as President and CEO of SCA. The step is taken as a final step in the split of the SCA Group into two listed companies. Previous President and CEO of SCA Magnus Groth has been appointed President and CEO of Essity Aktiebolag (publ).
Ulf Larsson has been an employee of the SCA Group since 1992. He has served as President of the Forest Products business area since 2008, which following the now completed distribution, comprises the forest products company SCA. He has also been Executive Vice President of the company since August 2016.
The distribution of the SCA Group’s hygiene and health company, Essity Aktiebolag (publ), approved by the 2017 Annual General Meeting, has now been completed. As previously communicated, the forest products company SCA has a new Executive Management Team effective June 15, 2017.
The company is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 46,000 employees. Sales in 2015 amounted to more than SEK 115 billion (EUR 12.4 billion). SCA has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm.