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BillerudKorsnäs reorganizes management structure with two layoffs


July 2, 2020
By P&PC Staff

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BillerudKorsnäs is rejigging its organizational structure effective August 1, 2020, resulting in the loss of two positions.

Mikael Andersson, currently EVP division board, and Magnus Wikström, currently EVP innovation, will leave the company, which produces fibre-based packaging materials.

The new organization will be built around three functional areas: wood supply, operations and commercial.

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The resources for sustainability and innovation will be grouped in a common new function, sustainability and strategic development.

The Solutions business will remain an independent unit reporting as before to the CEO, but it will not be represented in the executive management team.

“We need to cater for rapidly changing customer needs for sustainable products and solutions. The organizational structure now being implemented is one important step on a journey creating conditions that will allow a more optimal utilization of our resources,” says Lennart Holm, acting CEO of BillerudKorsnäs.

“I want to thank Mikael and Magnus for their very valuable efforts and contributions in different roles and wish them good luck in the future,” says Holm.