President and CEO Magnus Groth will leave Essity during 2025
Essity (ETTYF) announced that President and CEO Magnus Groth will step down from his position during 2025 after serving 14 years with the Group, including almost ten years as CEO. The Board has initiated an immediate recruitment process for his successor.
Under Groth's leadership since 2015, first at SCA and then at Essity, the company has achieved significant growth in profitability, innovation, and global expansion. Chairman Jan Gurander acknowledged Groth's important role in establishing Essity's platform for continued profitable growth.
Groth, who has a one-year notice period, will continue in his role until a successor is appointed. During his tenure, Essity has developed into a world-leading hygiene and health company with strong brands, market positions, and recognized sustainability work.
Essity (ETTYF) ha annunciato che il Presidente e CEO Magnus Groth si dimetterà dalla sua posizione nel 2025, dopo aver servito 14 anni all'interno del Gruppo, di cui quasi dieci anni come CEO. Il Consiglio ha avviato un immediato processo di reclutamento per il suo successore.
Sotto la guida di Groth dal 2015, prima in SCA e poi in Essity, l'azienda ha raggiunto una crescita significativa in termini di redditività, innovazione ed espansione globale. Il Presidente Jan Gurander ha riconosciuto il ruolo importante di Groth nell'aver stabilito la piattaforma di Essity per una continua crescita redditizia.
Groth, che ha un preavviso di un anno, continuerà a ricoprire il suo ruolo fino alla nomina di un successore. Durante il suo mandato, Essity si è sviluppata in un'azienda leader mondiale nel settore dell'igiene e della salute con marchi forti, posizioni di mercato e un riconosciuto impegno per la sostenibilità.
Essity (ETTYF) anunció que el Presidente y CEO Magnus Groth dejará su cargo en 2025, después de haber servido durante 14 años en el Grupo, incluidos casi diez años como CEO. La Junta ha iniciado un proceso de reclutamiento inmediato para su sucesor.
Bajo el liderazgo de Groth desde 2015, primero en SCA y luego en Essity, la compañía ha logrado un crecimiento significativo en rentabilidad, innovación y expansión global. El Presidente Jan Gurander reconoció el papel importante de Groth en el establecimiento de la plataforma de Essity para un crecimiento rentable continuo.
Groth, quien tiene un período de aviso de un año, continuará en su puesto hasta que se designe un sucesor. Durante su mandato, Essity se ha convertido en una empresa líder mundial en higiene y salud con marcas fuertes, posiciones de mercado y un reconocido trabajo en sostenibilidad.
Essity (ETTYF)는 Magnus Groth 회장이 2025년 동안 그룹에서 14년 동안 근무한 뒤, 거의 10년 동안 CEO로 재직한 자리를 물러나겠다고 발표했습니다. 이사회는 그의 후임자를 찾기 위한 즉각적인 채용 절차를 시작했습니다.
2015년부터 SCA에서 시작해 Essity에서 Groth의 리더십 아래, 회사는 수익성, 혁신 및 글로벌 확장에서 상당한 성장을 이뤘습니다. 의장인 Jan Gurander는 Groth가 Essity의 지속적인 수익성 성장 플랫폼을 구축하는 데 중요한 역할을 했음을 인정했습니다.
Groth는 1년의 통보 기간이 있으며 후임자가 임명될 때까지 현재 직책을 유지할 것입니다. 그의 재직 기간 동안 Essity는 강력한 브랜드, 시장 위치 및 인정받는 지속 가능성 작업을 갖춘 세계적 수준의 위생 및 건강 회사로 발전했습니다.
Essity (ETTYF) a annoncé que le Président et CEO Magnus Groth quittera son poste en 2025 après avoir servi 14 ans au sein du Groupe, dont presque dix ans en tant que CEO. Le Conseil a lancé un processus de recrutement immédiat pour son successeur.
Depuis 2015, sous la direction de Groth, d'abord chez SCA puis chez Essity, l'entreprise a connu une croissance significative de sa rentabilité, de son innovation et de son expansion mondiale. Le Président Jan Gurander a reconnu le rôle important de Groth dans l'établissement de la plateforme d'Essity pour une croissance rentable continue.
Groth, qui a un délai de préavis d'un an, continuera à exercer son rôle jusqu'à ce qu'un successeur soit nommé. Pendant son mandat, Essity est devenue une entreprise leader mondiale dans le secteur de l'hygiène et de la santé, avec de fortes marques, des positions de marché solides et un engagement durable reconnu.
Essity (ETTYF) gab bekannt, dass Präsident und CEO Magnus Groth im Jahr 2025 von seiner Position zurücktreten wird, nachdem er 14 Jahre im Unternehmen tätig war, darunter fast zehn Jahre als CEO. Der Vorstand hat einen sofortigen Rekrutierungsprozess für seinen Nachfolger eingeleitet.
Unter Groths Leitung seit 2015, zunächst bei SCA und dann bei Essity, hat das Unternehmen signifikantes Wachstum in Rentabilität, Innovation und globaler Expansion erreicht. Der Vorsitzende Jan Gurander erkannte Groths wichtige Rolle bei der Etablierung der Plattform von Essity für kontinuierliches profitables Wachstum an.
Groth, der eine einjährige Kündigungsfrist hat, wird bis zur Ernennung eines Nachfolgers in seiner Rolle bleiben. Während seiner Amtszeit hat sich Essity zu einem weltweit führenden Unternehmen im Bereich Hygiene und Gesundheit mit starken Marken, Marktpositionen und anerkannten Nachhaltigkeitsarbeiten entwickelt.
- Company has achieved significant growth in profitability under current leadership
- Strong market position and brand recognition established
- Planned transition with 1-year notice period ensures operational continuity
- Leadership uncertainty during transition period
- Potential strategic direction changes under new management
"As President and CEO of first SCA and then Essity, Magnus has successfully listed and led Essity on a significant journey of change over the past 10 years to increase profitability, growth and innovation. Through his leadership and commitment, Magnus has played an important role in creating the platform that Essity has for continued global profitable expansion", said Jan Gurander, Chairman of the Board. "The Board of Directors extends its gratitude for Magnus valuable contributions as President and CEO."
"It has been very stimulating to work as President and CEO since 2015, first for SCA and then for Essity, and I especially appreciate the collaboration with colleagues all over the world," says Magnus Groth. "Essity is today a world-leading hygiene and health company with strong brands and market positions, great employees and recognized sustainability work, reflected in profitable growth. After 14 years with the company and ten years as CEO, I consider this a suitable time to embark on a new chapter for me and for Essity."
Magnus Groth has a notice period of one year. He will continue as President and CEO of Essity until a successor is appointed.
NB: This information is such that Essity Aktiebolag (publ) is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 19:15 CET on January 22, 2025.
Karl Stoltz, Media Relations Director, +46 709 426 338, karl.stoltz@essity.com
CONTACT:
For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46 73 313 30 55, per.lorentz@essity.com
Sandra Åberg, Vice President Investor Relations, +46 70 564 96 89, sandra.aberg@essity.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
President and CEO Magnus Groth will leave Essity during 2025 |
View original content:https://www.prnewswire.com/news-releases/president-and-ceo-magnus-groth-will-leave-essity-during-2025-302357742.html
SOURCE Essity
FAQ
When will Magnus Groth leave his position as CEO of Essity (ETTYF)?
How long has Magnus Groth served as CEO of ETTYF?
What is the notice period for Magnus Groth's departure from ETTYF?
What major achievements did ETTYF accomplish under Magnus Groth's leadership?
