Billerud's President and CEO, Christoph Michalski, Leaving Company

Christoph Michalski

July 28, 2023 - Billerud today announced that its President and CEO, Christoph Michalski, is leaving the company, with immediate effect. Michalski has held the position of CEO since November 2020.

Billerud's Board of Directors has appointed the current CFO and deputy CEO, Ivar Vatne, as acting CEO. Vatne joined the company as CFO in May 2019 and has also been deputy CEO since October 2022. Prior to joining Billerud, Vatne held executive positions within Arla, Fiskars and P&G.

"The board is confident that Ivar Vatne can quickly step into the role of acting CEO and that he can lead the implementation of our established strategy," said Jan Svensson, chairman of the board in Billerud.

"The Board would like to thank Christoph Michalski for his significant contribution to Billerud," Svensson said. "In the three years he has led the company together with the CFO, the company has introduced a new strategy, laid the foundation for a future Norwegian BCTMP factory in close cooperation with Viken Skog, and completed the strategically vital acquisition of Verso in North America."

Billerud said recruitment of a new CEO will begin immediately.

Billerud provides paper and packaging materials that challenge conventional packaging for a sustainable future. The company has production units in Sweden, USA, and Finland.

SOURCE: Billerud