Essity's CEO Magnus Groth to Step Down in 2025 after 14 Remarkable Years

Magnus Groth Announces Departure from Essity in 2025

In a significant move for the global hygiene and health giant, Magnus Groth has shared his intention to resign as President and CEO of Essity during the year 2025. After spending nearly a decade steering the company from its former identity as SCA to its current one as Essity, Groth's leadership has been instrumental in transforming the organization.

Groth, who has been affiliated with the company for 14 years, informed the Board of Directors about his decision. Jan Gurander, Chairman of the Board, expressed gratitude for Groth's contributions during his tenure, highlighting his pivotal role in driving profitability, innovation, and growth. Under Groth's guidance, Essity has established itself as a world leader in hygiene and health, with robust brands and sustainable practices. His leadership marked a transformative period for the company, which saw notable advancements in operational efficiency and market positioning.

Reflecting on his time at the helm, Groth stated, "It has been very stimulating to work as President and CEO since 2015. I especially appreciate the collaboration with colleagues all over the world." He noted that the company initiated significant changes that propelled its success, leading to consistent profitable growth and recognition for its sustainable practices. Including a strong team focused on sustainability, Groth underscored the foundation laid for Essity’s future endeavors.

As Groth prepares to step down, he will remain in his position until a suitable successor is appointed, ensuring a smooth transition for the company's leadership. The board has already commenced the search for his successor, as they aim to continue the momentum generated during Groth’s time at the company.

Groth's leadership style has been characterized by a focus on growth, profitability, and innovation—values that have been essential in navigating the evolving marketplace of hygiene and health products. His commitment not only to the company but also to environmental sustainability has positioned Essity as a forward-thinking organization, ready to tackle future challenges.

The announcement of his departure opens a new chapter for Essity, one that will undoubtedly involve navigating the complexities of leadership succession and maintaining the strategic vision Groth has set forth. His imminent exit poses questions regarding the future direction of Essity and how the new leadership will uphold Groth's legacy while innovating and adapting to the ever-changing market landscape.

As we await details on Groth's future endeavors, stakeholders and employees alike will look closely at the upcoming transition period and the leadership decisions that will influence Essity's trajectory in the years to come. The focus remains on finding a leader who can sustain the gains Groth facilitated while also pioneering new paths for growth and sustainability.

With a year-long notice period, Groth's farewell will mark the end of an era, but it also promises a new beginning for Essity as they prepare for the challenges of the future in the hygiene and health sector.