Papyrus appoints Gunilla Andersson as CFO, effective fall 2012, succeeding Stig Johansson

Sandy Yang

MOLNDAL, Sweden , May 22, 2012 (press release) – Gunilla Andersson has been appointed Chief Financial Officer of Papyrus. She joins from the Indoor Climate division of the stock exchange listed global engineering group IMI plc, where she currently holds the position as CFO. Gunilla assumes her new position during the autumn 2012. As Papyrus CFO, Gunilla will be a member of the Senior Executive Team and take on responsibility for Finance and IT. She will be based at the corporate headquarters in Göteborg, Sweden and report to Peter Sandberg, President and CEO of Papyrus.

Gunilla Andersson will succeed Stig Johansson, who is retiring in January next year, after a long and successful paper industry career where he during the past eight years has been contributing to the success and growth of Papyrus. As part of the succession planning, Stig will stay with Papyrus until January in order to support a seamless transition.

“I am very pleased to have Gunilla Andersson joining the Papyrus team. Gunilla has an extensive experience from various industries and a proven track record, and will by that be a valuable asset to Papyrus in the continued development of the company towards industry leadership. I would also like to thank Stig Johansson for his dedication and service to Papyrus over the past years”, says Peter Sandberg.

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