Korsnäs AB today announced Hannu Ryöppönen as a new member of Korsnäs's Board of
Directors. Hannu Ryöppönen was born in 1952 and is a Graduate in Business
Administration from the Hanken School of Economics in Helsinki. Until March
2009, he was the Executive Vice President of StoraEnso OYj. Hannu Ryöppönen
previously held positions including CFO of Ahold, IndustriKapital and IKEA. He
is Chairman of the Board of Altors' private equity funds and Tiimari OYj, as
well as Board member of Amer Sport Corporation OYj, Novo Nordisk A/S, Neste Oil
OYj and Rautaruukki OYj.
It was also announced that Edvard von Horn and Cristina Stenbeck have declined
reelection. Following the Annual General Meeting, Korsnäs' Board of Directors
comprises of Vigo Carlund, Chairman, Leif Brodén, Mia Brunell Livfors, Ole
Kjörrefjord, Wilhelm Klingspor, Stig Nordin and Hannu Ryöppönen.
For further information, visit www.kinnevik.se <http://www.kinnevik.se/> or
contact:
Vigo Carlund, Chairman of the Board, Korsnäs AB Phone +46 (0)8 562 000 00
Mia Brunell Livfors, President and CEO, Phone +46 (0)8 562 000 00
Investment AB Kinnevik
Korsnäs is one of Sweden's leading forestry companies, with three production
facilities: Gävle, Frövi and Rockhammar. Production capacity amounts to 1.1
million tonnes of cartonboard and paper annually, with integrated pulp
production. Korsnäs develops, manufactures and sells virgin fibre-based
packaging materials intended for users with exacting requirements for efficient,
creative, functional packaging solutions, primarily in the consumer goods
segment. Korsnäs also produces bio fuel pellets at two plants in Latvia. The
company exports approximately 90 percent of its products. Korsnäs employs 1,900
people, has annual sales of SEK 8,039 million (2009) and is a wholly-owned
subsidiary of Investment AB Kinnevik.
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