Displaying items by tag: CEO

Further to the announcement made on 3 November 2009, DS Smith Plc, the international packaging manufacturer and office products wholesaler, is pleased to confirm that Miles Roberts will be appointed to the Board as an Executive Director and Group Chief
Executive on 4 May 2010. Tony Thorne is retiring as Executive Director and Group Chief Executive on the same date.

Miles, aged 46, was Group Chief Executive of McBride plc from July 2005 until April 2010 having originally joined the company as its Group Finance Director in January 2002.

He is a Non-Executive Director of Care UK plc.

As required by the Listing Rules, it is confirmed that there are no details to be disclosed pursuant to LR 9.6.13 R (1) to (6). Miles Roberts does not currently hold any shares in the Company.

Contact:
Carolyn Cattermole
Company Secretary
+44 (0) 1628 583 400

The outlook published in the Ahlstrom Corporation's financial statements bulletin on February 3, 2010, remains unchanged, said President & CEO Jan Lång in his review at the company's Annual General Meeting in Helsinki today.

Ahlstrom expects the Group net sales to increase compared to 2009, but remain lower than in 2008. EBIT excluding non-recurring items is estimated to increase from 2009.

Pulp prices have risen since last summer, and Ahlstrom actively strives for sales price increases. The demand for Ahlstrom's products in the first months of 2010 has developed as anticipated.

Ahlstrom Corporation
Jan Lång, President & CEO

Further information

Jan Lång, President & CEO, tel. +358 10 888 4700
Seppo Parvi, CFO, tel. +358 10 888 4768

All AGM material including the CEO's presentation is available at www.ahlstrom.com > Investors.

Distribution:

NASDAQ OMX Helsinki
Main media
www.ahlstrom.com

Ahlstrom in brief

Ahlstrom is a global leader in the development, manufacture and marketing of high performance nonwovens and specialty papers. Ahlstrom´s products are used in a large variety of everyday applications, such as filters, wipes, flooring, labels, and tapes. Based upon its unique fiber expertise and innovative approach, the company has a strong market position in several business areas in which it operates. Ahlstrom's 5,800 employees serve customers via sales offices and production facilities in more than 20 countries on six continents. In 2009, Ahlstrom's net sales amounted to EUR 1.6 billion. Ahlstrom's share is quoted on the NASDAQ OMX Helsinki. The company website is at www.ahlstrom.com.