Billerud CFO to Leave the Company in August

March 14, 2011 - Billerud announced that its senior vice president and CFO, Bertil Carlsen, will be leaving the company to take up a position with Tritonowned Polygon Group (form. Munters MCS). Calsen has held the position with Billerud for five years.

In a written statement, Billerud said, "Bertil Carlsen have during his time at Billerud greatly contributed to improving Billerud's profitability, internal reporting and control, and external communication. This has contributed greatly to improving Billerud as a Group and as a brand name, and Bertil has been a valued member of Group Management. We therefore wish Bertil success in his position at Polygon Group."

Carlsen will remain in his position at Billerud until August 30 2011.

Billerud manufactures pulp, packaging specialty paper and packaging boards at the Groupís three integrated pulp and paper mills in Sweden (Gruvon, Karlsborg and Skarblacka), and at the UK paper mill, Beetham.

SOURCE: Billerud