Billerud Introduces New Regional Organization for Europe; Appoints Acting CFO

Aug. 17, 2023 - Billerud is introducing a new organization whereby the company harmonizes and operates its business in two distinct geographical regions — Europe and North America.

In addition, Billerud has appointed Andrei Krés as acting CFO, effective immediately. He will also be part of the Group Management Team.

Krés holds a bachelor's degree in business and economics from Lund University and has held various positions in Billerud, most recently as the Vice President of the Group Finance function.

Matthew Hirst, previously EVP Commercial, has been appointed President of Billerud Europe and will lead the new European organization consisting of Commercial, Operations and Procurement & Wood Supply functions.

Kevin Kuznicki remains President of the North American organization.

"I'm pleased that Matthew has taken the position of leading the Europe region, and I'm convinced he will take the region forward on the journey to challenge conventional packaging solutions and create the packaging of tomorrow," said Ivar Vatne, acting CEO and President of Billerud.

"As we look ahead, we now have a harmonized, clear and simple operating model with two geographical regions that will create value in each market," Vatne said.

Hirst added, "I am convinced that the new structure for Europe will create positive synergies for the entire European value chain and contribute to better long-term profitability."

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