Marco Hilty, President, Flexible Packaging, and member of the Huhtamaki Global Executive Team, has decided to leave Huhtamaki for personal reasons. Marco's last day with Huhtamaki will be January 31, 2025. The process to appoint Marco's successor has been initiated.
The Company intends to use the net proceeds of the Offering, along with cash on hand, to redeem $300 million in principal amount of its currently outstanding 5.500% senior notes due 2026 (the "2026 Senior Notes").
Södra is taking action to strengthen conditions for family forestry and to develop its member offer. On 21 October, prices were raised for saw logs and small-diameter sawable ranges, and a new tool is being introduced to increase security for forest owners. Södra is also taking further steps to improve transparency in the wood market.
