Fredrik Rystedt to Retire as CFO of Essity, Starting Transition in 2027

Fredrik Rystedt Set to Retire as CFO of Essity in 2027

In a notable shift for Essity, Fredrik Rystedt has made the decision to retire in 2027. After a successful career spanning over nine years in his current role as Chief Financial Officer (CFO) and Executive Vice President, Rystedt's contributions to the company have been immense. His official notice to the company has initiated the process of finding a successor, with the goal of ensuring a seamless transition.

Rystedt has played a pivotal role in Essity's growth and financial stability during his tenure. Under his leadership, the company has pursued profitable growth, setting strategic priorities that have significantly benefited Essity's overall market position. Ulrika Kolsrud, the President and CEO of Essity, expressed gratitude for Rystedt's commitment and contributions, highlighting the importance of his experience and dedication to the organization's advancement. Kolsrud anticipates continuing their close collaboration until a suitable successor is designated, emphasizing that every effort will be made to maintain the momentum of the company’s growth.

Reflecting on his time at Essity, Rystedt stated, "It has been a privilege to be part of Essity's development during these years. Together, we have strengthened the company's financial position and built a strong platform for continued profitable growth." His pride in the accomplishments achieved during his service is evident, as is his determination to facilitate a smooth transition and complete his current responsibilities effectively.

Rystedt's decision comes at a time when Essity continues to strengthen its presence as a leader in the hygiene and health sector. Known for its commitment to sustainability and innovation, Essity is positioned to further expand its market share and influence in the coming years. As the company will start the search for a new CFO, it is critical that the chosen candidate aligns with Essity’s vision and can contribute to its ongoing success.

Essity has affirmed its commitment to continue operating with the same vision and strategic growth trajectory that has been established over the years. Rystedt’s effective leadership has set a high standard, and the company aims to uphold this standard through the transition of power and beyond. The appointment of the new CFO will reflect Essity’s ongoing dedication to fostering excellence and a sustainable future.

As we look forward to 2027 and beyond, the impact of Rystedt’s leadership will undoubtedly leave a lasting legacy within Essity. Stakeholders, employees, and the market will be watching closely as the company navigates this significant transition and prepares for its next chapter, one that holds promise for further achievements in the hygiene and health sectors.

In addition to Rystedt's announcement, Essity will continue to uphold transparency and compliance with applicable regulations as it prepares for this leadership transition. The forthcoming choices will shape the future landscape of the company and influence its direction in today’s competitive market.

This important information showcases Essity Aktiebolag (publ)'s requirement to disclose such details under the EU Market Abuse Regulation. As the transition unfolds, stakeholders can expect timely updates to be shared appropriately, affirming Essity's commitment to maintaining its leadership and commitments to its shareholders and employees alike.