PaperAge Magazine

BillerudKorsnäs Appoints Ivar Vatne as CFO

Ivar Vatne Ivar Vatne

Nov. 15, 2018 - BillerudKorsnäs today announced the appointment of Ivar Vatne as Chief Financial Officer. Vatne will be part of BillerudKorsnäs Group Management and will take up his post by 1 June 2019 at the latest.

Currently, Kristina Schauman, a board member at BillerudKorsnäs, is serving as acting CFO.

Vatne has more than 16 years' experience of different roles within finance, mainly focusing on Fast-Moving Consumer Goods (FMCG) from Procter & Gamble (P&G), Fiskars and Arla. At P&G Ivar's roles have included Group CFO for one of P&G's divisions, with responsibility for 19 markets.

For the past three years Vatne has been employed in the Arla Group, where he has served as CFO of Arla Foods Sweden AB and then around two years as CFO of Arla UK Ltd, with net sales of around EUR 2.2 billion.

Vatne has an M.Sc. of strategy and management from the Norwegian School of Economics, along with a degree in philosophy from the University of Tromso (UiT).

BillerudKorsnäs is a leading manufacturer of packaging papers, including: kraft and sack paper, liquid packaging board and cartonboard, containerboard (fluting and liner), and market pulp. The company has 8 production sites in Sweden, Finland and the UK. To learn more, please visit:

SOURCE: BillerudKorsnäs