Ahlstrom-Munksjö joint management outlined

Munksjö and Ahlstrom are to merge, creating a global leader in sustainable and innovative fiber-based products, as reported here. The combined company will provisionally be called Ahlstrom-Munksjö, with the intention to propose a new name by the time of completion of the combination for approval by the annual general meeting of Munksjö.

Following consultation with the shareholders’ nomination board of each of Munksjö and Ahlstrom, the board of directors of Munksjö will make a proposal to the EGM of Munksjö, set for January 11, resolving on the combination that Peter Seligson, Elisabet Salander Björklund, Sebastian Bondestam, Alexander Ehrnrooth, Hannele Jakosuo-Jansson, Mats Lindstrand and Anna Ohlsson-Leijon, current members of the board of directors of Munksjö, be conditionally elected to continue to serve on the board of directors of Munksjö following the completion of the combination. They are to be joined by Hans Sohlström, Jan Inborr, Johannes Gullichsen and Harri-Pekka Kaukonen, current members of the board of directors of Ahlstrom.

The nominees have indicated that if elected they will elect Hans Sohlström as chairman of the board of directors of Munksjö, and Peter Seligson and Elisabet Salander Björklund as vice chairmen.

Munksjö’s current CEO, Jan Åström, will continue to serve as CEO of the combined company. The management team of the combined company will also include the current CFO of Munksjö, Pia Aaltonen-Forsell, and Sakari Ahdekivi, the current CFO of Ahlstrom.