Magnus Groth to Step Down as CEO of Essity in 2025 After 14 Years

Magnus Groth to Depart from Essity



STOCKHOLM, January 22, 2025 – In a significant leadership transition, Magnus Groth, the President and CEO of Essity, has communicated his decision to step down from his position during the year 2025. With a tenure spanning 14 years at Essity and nearly a decade specifically as its CEO, Groth's exit marks the end of an era for the company.

The announcement follows Groth's recent update to the Essity Board of Directors regarding his impending departure. The Board will promptly initiate a search for his successor, ensuring a smooth transition as Groth remains in his role until a new CEO is appointed.

Jan Gurander, Chairman of the Board, expressed gratitude towards Groth for his instrumental leadership. “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,” Gurander noted. He emphasized Groth’s pivotal role in establishing a foundation for Essity's continuing global expansion, underscored by a commitment to sustainability and innovation in the hygiene and health sectors.

Reflecting on his tenure, Groth stated, “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.” Under his leadership, Essity emerged as a global leader in hygiene and health products, boasting strong brand recognition and a commitment to sustainability.

Groth highlighted Essity’s achievements, mentioning its profitable growth and strong market positions, which he contributed to through his leadership. After serving for 14 years, he believes this to be an opportune moment to transition into a new phase, both for himself and for the organization as it moves forward.

Magnus Groth's notice period is set for one year, allowing for a seamless transition to new leadership. As the recruitment for his replacement kicks off, the board expects to find someone who can continue the legacy Groth has built, focusing on the mission of promoting health and well-being globally.

This announcement is relevant under the EU Market Abuse Regulation, prompting Essity Aktiebolag (publ) to make the information public. It was submitted for publication through their media relations channels, aiming to keep shareholders and the public informed.

For more updates regarding the leadership transition at Essity, stakeholders are encouraged to stay connected with official announcements and press releases.

For any inquiries, media representatives can contact the Vice President of Corporate Communications or investor relations via the details provided in the official statement.

In conclusion, the departure of Magnus Groth is noteworthy in the corporate landscape, symbolizing change within Essity as it prepares for a future led by new vision and leadership, while Groth moves on to new opportunities ahead.

Topics Business Technology)

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