Major Announcements

After what is said to have been a messy and sometimes slow process, the choice will be between two internal candidates.

Oliver Taudien, senior vice president and general manager, Europe, is leaving the company after a transition period. He has been with Sylvamo since its inception as a spinoff of International Paper in 2021.

Clearwater Paper Corporation has renewed the employment agreement with Arsen S. Kitch, who will continue in his role as President and Chief Executive Officer, according to a recent SEC filing.

Metsä Board Corporation's long-term CEO Mika Joukio has decided to step down from his CEO position as of 7 April 2025 in accordance with the agreement he has made with the Board of Directors of the company. The Board of Directors of Metsä Board Corporation has appointed Metsä Group's EVP, Strategy, Esa Kaikkonen (LLM, trained on the bench), as the new CEO of the company as of 7 April 2025.

Final preparations at the production site are ongoing, and the project budget remains unchanged.

Stora Enso's new consumer packaging board line at the Oulu site in Finland has started production ramp-up. The first customer deliveries are expected in the second quarter of 2025.

Mativ Holdings, Inc. announced the appointment of Shruti Singhal, current member of Mativ's Board of Directors, as President and Chief Executive Officer, effective today. Mr. Singhal succeeds Julie Schertell, who has stepped down as President and Chief Executive Officer, and as a director.

UPM continues to selectively align its paper capacity with profitable customer demand to ensure performance and therefore plans to permanently close its paper mill in Ettringen, Germany, reducing the annual capacity of uncoated mechanical paper by 270,000 tonnes during July 2025.

Tim Nicholls named Executive Vice President and President of DS Smith, an International Paper company; Lance Loeffler named Senior Vice President and Chief Financial Officer

ND Paper plans to re-start PM 25 at its Biron, Wisconsin mill. This machine was idled in April of 2023. With the successful conversion of PM 26 at Biron to recycled packaging and the growing demand for ND Paper's packaging products, the Company to add the capacity of PM 25 back to its portfolio.

Robert P. Mundy, PCA's Executive Vice President and Chief Financial Officer, will step down as CFO on May 1, 2025 and remain employed by PCA in an advisory role through his planned retirement date of March 1, 2026. Bob has served as PCA's CFO since 2015. Kent A. Pflederer, PCA's General Counsel since he joined PCA in 2007, will become PCA's Executive Vice President and CFO on May 1, 2025.

Irving Paper says it has permanently shut down 50 percent of its operations due to New Brunswick's "uncompetitive industrial electricity rates."

Sealed Air Corporation announced that Emile Chammas, Senior Vice President and Chief Operating Officer, will depart from the company effective April 1, 2025. The departure is a mutual agreement, according to the company's latest 8-K filing with the Securities and Exchange Commission.

The company also said it will close its recycling plant in Phoenix and box plant in Hazelton, Pa., during the same time period.

The project would create over 400 new jobs and increase the UK's self-sufficiency in the tissue paper market to approximately 85%.

Layoffs are expected to begin April 11 and conclude on or before June 13, the notice states.

Jussi Vanhanen, LLM, MBA, has been appointed as Metsäliitto Cooperative's new CEO. He will also be the President and CEO of Metsä Group. Jussi Vanhanen will start in his new position on 1 July 2025. Until 30 June 2025, the position will be held by Metsä Group's current President and CEO Ilkka Hämälä, who will then transfer to special duties within the company. These duties will continue until 23 October 2025, when he retires.

Domtar's subsidiary company, Paper Excellence, entered into a settlement with the provincial government following the closure of the Northern Pulp mill in 2020. As part of the settlement, which resolved a $450-million lawsuit filed by Paper Excellence against the provincial government over closure, Domtar agreed to explore the viability of opening a new mill in Liverpool.

Sealed Air (SEE) announced that Dustin Semach has been appointed to serve as the president and CEO, effective immediately. Semach will also serve as a member of the board of directors and its executive committee.

Greif to close two facilities, impacting 140 jobs, due to cost increases and declining demand. Production to cease by mid-2025.

After 14 years with the Group, and almost ten years as president and CEO, Magnus Groth has informed the Board of Directors of Essity Aktiebolag (publ) that he has decided to step down as CEO and from the Board during 2025. A recruitment process for a successor will be initiated immediately.

This is a tremendous loss for everyone at the Sofidel Group, who express their profound sorrow for this loss and extend their condolences to the entire Stefani family.

These measures involve change negotiations affecting approximately 360 employees, with up to 215 potential job reductions.

Finch Paper announced the promotion of Drew Gardner as Chief Executive Officer, effective February 1, 2025. Drew succeeds Debabrata Mukherjee, who has led the company since 2013 and will continue his service to Finch Paper as Chairman of the Board.

Huhtamaki appoints Ralf K. Wunderlich (58) as President and CEO effective on January 15, 2025 when the Company's current President and CEO Charles Héaulmé steps down. Charles will be available as needed to secure smooth transition until July 2025.