Arctic Paper appoints to its management board Wolfgang Lübbert, Jacek Los, Per Skoglund, Malgorzata Majewska-Sliwa and Michal Sawka; Lübbert was named president

POZNAN, Poland , May 29, 2014 (press release) – Subject: Appointment of Management Board of Arctic Paper S.A. for the next term of office.

General legal basis:
article 56 clause 1 item 2 – current and period information

Contents:
The Management Board of Arctic Paper S.A. (hereinafter “Company”) herewith advises that on May 29, 2014 the Company Supervisory Board appointed the following members of the Management Board for the next term of office effective from May 29, 2014:

- Wolfgang Lübbert, President
- Jacek Łoś, Member
- Per Skoglund, Member
- Małgorzata Majewska – Śliwa, Member
- Michał Sawka, Member.

Wolfgang Lübbert has got university education. In 1989 he graduated in national economics from the University of Hamburg. Wolfgang Lübbert joined Arctic Paper 1989. He worked several years as Managing Director of Arctic Paper Deutschland GmbH. Chief Executive Officer of the Company since November 2013.

Jacek Łoś – graduate of University in Gdansk (Department of Economics and Transportation, specializing in maritime transport) and post-graduate courses in banking and finance at the Gdansk Academy of Banking and the Gdansk Institute for Market Economics. Jacek Łoś specializes in ‘supply chain’ solutions, logistics and commerce and has more than 20 years of experience in his field. He was employed at the Kostrzyn mill in 1996 and took active part in the plant restructuring, developing the logistics and supply systems from scratch. He currently is deputy chairman of the board of Arctic Paper Kostrzyn S.A. His previous professional experience includes various managerial posts at transportation and commercial companies, including Polish Ocean Lines in Gdynia and Komfort S.A. Arctic Paper Group Chief Procurement Officer since April 2011.

Per Skoglund has university education. In 1984 he graduated as engineer from the Chalmers Technical University in Göteborg, Department of Chemical Engineering, where he worked as assistant lecturer until 1987. He has been working in the papermaking industry since 1994, holding various executive positions at Stora Mölndal AB, Stora Enso Mölndal AB and Klippan AB. Since 1995 with the Arctic Paper Group, also as Hafreström and the Grycksbo mill Managing Director. Arctic Paper Group Chief Operating Officer operating director since April 2011.

Małgorzata Majewska-Śliwa has over 20 years’ experience in corporate financial management. In her career she has worked for such companies as Coca-Cola West Poland sp. z o.o. as Director of Administration and Control and Herlitz sp. z o.o. as Director of Finance and Control. In 1996–1999 she was employed at Arctic Paper Kostrzyn, where in 1997 she was CFO and a member of the management board. From 1999 to 2006 she worked at Exide Technologies S.A., serving from 2001 as Managing Director, Finance Director and CEO. In 2007 she became a partner at Centrum Finansowo-Księgowe Progressio. Arctic Paper Group Chief Financial Officer since November 2013.

Michał Sawka graduated in 1989 from the Moscow State Institute of International Relations (MGIMO). In 1990-1994 he worked in ZWCh Stilon as deputy manager of the export office. In 1994, he began working in ZPJ Silwa the position of the Proxy for sales and then a Member of the Management Board, Director of Sales. Michał Sawka has been working with Arctic Paper since 1996, in the beginning he worked in the export office of Arctic Paper Kostrzyn S.A., then as Director of Sales and Marketing. In 2002 he was appointed Overseas Manager at the Head Office of the Group and since 2003 as the
President of Management Board of Arctic Paper Poland sp. z o.o.. Since February 2014 he has been the Sales Director of the company.

None of the newly appointed members of the Board are involved in any activities competitive towards Arctic Paper S.A., are partners in any competitive company or undertaking, are members of governing bodies of any capital company or any other legal entity in competition with Arctic Paper S.A. They are not entered in the register of bad debtors maintained pursuant to the act on the National Court Register.

Legal basis for publication:
Minister of Finance directive of February 19, 2009 on current and periodic information provided by issuers of securities, and on conditions of equivalence of information required to be provided under non-Member State law (Journal of Laws from 2009, number 33, item 259 as amended) §5, clause 1, item 22. 

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