Stefan Lundin resigns as CFO of Setra

CFO Stefan Lundin is leaving Setra.

“Stefan has made significant contributions which have taken Setra to its present position as one of Sweden’s leading wood products companies,” says Hannele Arvonen, President and CEO of Setra.

“We are currently at a phase where we are discussing strategies for Setra’s future development and here we lack consensus on key directional issues. Together we have therefore reached the conclusion that it is best to go our separate ways,” says Arvonen.

Stefan Lundin has been CFO of Setra since autumn 2003, when Setra was formed through a merger between Mellanskog Industri AB and AssiDomän Timber Holding AB.

Anders Marklund, Group Controller at Setra since 2005, will now become acting CFO.

For further information, please contact:

Hannele Arvonen, President and CEO,

telephone +46 8 705 03 10, mobile +46 706 18 19 17

Press contact: Lotta Löwhagen Lundberg, lotta.lowhagen.lundberg@setragroup.com, +46 706 54 13 44

Setra is one of Sweden’s largest wood products companies and a leading player in Europe. We offer eco-certified wood products for interiors and construction to customers in the building materials trade and industry. The Group has approximately 900 employees and annual sales of SEK 4.1 billion. Exports to Europe, North Africa, the Middle East and Asia account for almost 60% of sales. Read more at www.setragroup.com.

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