As previously announced, Julie Schertell, President and Chief Executive Officer of Neenah, will serve as President, Chief Executive Officer, and a member of the Board of Directors. Dr. Jeff Kramer, Chief Executive Officer of SWM, will serve as a strategic advisor. John D. Rogers, Non-Executive Chairman of the SWM Board, will serve as Non-Executive Chair of the Board of Directors. The senior leadership team announced today includes: Omar Hoek, Chief Operating Officer; Andrew Wamser, Chief Financial Officer; Ricardo Nuñez, General Counsel, Secretary & Chief Compliance Officer; Natalie Poteran, Chief Transformation Officer; Sarma Malladi, Chief Information Officer; Mike Rickheim, Chief Human Resources & Administrative Officer

Sappi North America and Valmet celebrated the successful start-up of the rebuilt paper machine 2 (PM 2) at the Somerset paper manufacturing facility in Skowhegan, Maine, USA. The machine produced its first roll of solid bleached sulphate (SBS) board, marking a key milestone in Sappi’s strategic transition to packaging grades. "Following the success of Project Balance, the PM 1 rebuild project in 2018, we did it again with Project Elevate. The sustainable conversion of PM 2 has transformed it into a modern state-of-the-art board machine. This achievement is a testament to excellent collaboration and incredible teamwork. We are grateful to the entire Somerset team, our valuable partners, and all the Valmeteers involved for their hard work on a complex project,” adds Tuomo Rämö, Project Manager, Valmet. Technical information about the delivery Valmet’s delivery included a rebuild of the wet end with a new OptiPress Linear press section, modifications and extension of the dryer section, and a new finishing section. The finishing section was equipped with the OptiSizer Film size press, two OptiCoat Roll coating heads, OptiDry Coat air dryers, OptiCalender Hard calender, OptiReel Linear reel, and the OptiWin Belt winder.

Billerud has decided to launch a cost saving program targeting annualized savings of SEK 800 million. The planned cost savings will affect Billerud’s European operations and Group functions globally and will include reduction of up to 650 positions. Due to the weakened market conditions in Europe, which has resulted in a negative profit trend, Billerud has decided to launch a cost saving program targeting annualized savings of SEK 800 million. The planned cost saving program is expected to have a noticeable positive impact from the first quarter of 2026, and to reach full effect at the end of 2026.