Michał Jarczyński, CEO of Arctic Paper S.A., has submitted his resignation, effective on 15th July 2013 of this year. Meanwhile, the Supervisory Board has entrusted the function of acting CEO of Arctic Paper to Mr Wolfgang Lübbert the current Member of Management Board and Sales & Marketing Director. The Supervisory Board expressed its great gratitude to Michał Jarczyński for his 15 years of work on development of the group.

Olle Grundberg, the Chairman of Supervisory Board commented: “We would like to thank Michał Jarczyński for 15 years of intensive work on the development of the Arctic Paper Group. Michał Jarczyński has been associated with the group since 1998. He was originally employed at our plant in Kostrzyn, which under his leadership became the most productive paper mill in our group. He also oversaw such important processes for the growth of the group as inclusion of the Kostrzyn paper mill in the special economic zone, construction of our own gas-fired heat and power plant in Kostrzyn, listing of Arctic Paper on the Warsaw Stock Exchange, acquisitions and the group’s debut on NASDAQ OMX in Stockholm. We wish him much success in his further professional challenges.”

Michał Jarczyński, outgoing CEO of Arctic Paper S.A., said: “Arctic Paper is a group presenting great challenges and demanding vast knowledge and commitment. I am proud that I had the opportunity to contribute my own experience to the company over such a long period and—together with the other members of the management team—to build the company’s strong position on international markets.”

For further information please contact:
Olle Grundberg, Chairman of Supervisory Board    +46 706 544 420

Wednesday, 19 Jun, 2013