#Sweden #CFO #Stockholm #Essity #Fredrik Rystedt

Essity Announces Upcoming Retirement of CFO Fredrik Rystedt in 2027

In a significant transition for the company, Fredrik Rystedt, who has served for over nine years as the Chief Financial Officer (CFO) and Executive Vice President at Essity, has announced his decision to retire in 2027. As he prepares to step down from his prominent position, the company has initiated the process to find a suitable successor who will continue the trajectory of financial growth and stability that Rystedt has overseen during his tenure.

Rystedt's long-standing career with Essity has seen him take on crucial roles that contributed greatly to the company’s financial fortitude. His leadership has been pivotal in steering the organization through various operational challenges and enhancing its market value. Notably, his experience and commitment were integral to establishing a robust financial foundation which positioned Essity favorably for its strategic growth agenda.

In a statement expressing gratitude for his tenure, Ulrika Kolsrud, President and CEO of Essity, emphasized the substantial impact Rystedt has made. "Fredrik Rystedt has made significant contributions to the company’s value creation and financial strength. His thorough expertise and commitment have been crucial in Essity's development,” Kolsrud remarked. She added that she looks forward to working alongside Rystedt until a successor is appointed, focusing on the company’s priorities and ensured profitability.

In response to inquiries regarding his departure, Rystedt remarked, "It has been a privilege to be part of Essity’s development over the years. Together, we have strengthened the company’s financial position and built a strong platform for continued profitable growth. I am proud of what we have achieved and look forward to ensuring a smooth transition before I leave Essity.” His sentiments reflect the success achieved during his vision and guidance.

As Essity embarks on this transitional phase, it is expected that careful consideration will be exercised to find a new CFO who can build on Rystedt’s legacy. The importance of this role cannot be overstated, as the company seeks to uphold its financial soundness while pursuing new avenues for growth and expansion.

While Rystedt stays on until his successor is chosen and transitions smoothly into the role, both the leadership team and employees look to the future with optimism. This change aligns with Essity’s long-term strategy to solidify its operations and reinforce its standing in the global market. In light of this upcoming change, stakeholders will undoubtedly be watching closely for updates regarding the successful appointment of Essity’s next CFO.

The company’s commitment to transparency remains evident as they convey this information timely, asserting their obligations under regulations applicable to public companies. This information briefing, made available to shareholders and the media, is viewed as instrumental in maintaining the trust and engagement of all stakeholders.

As the news of Rystedt's retirement circulates through the industry, it highlights the evolving nature of leadership roles within large organizations and the preparation necessary to ensure a seamless transition. With Rystedt's legacy at Essity written into the company’s financial history, the expectations surrounding the search for his replacement are set high, reflecting the strategic importance that the CFO role holds in the company’s ongoing journey.

As we approach this strategic change, all eyes will remain on Essity as it continues to evolve under the leadership of Kolsrud and the future CFO, jointly shaping the company's promising trajectory for years to come.