SCA announces that Jan Johansson will step down as President and CEO of SCA. SCA has been in the spotlight in Sweden over media allegations of extravagant spending by management on foreign travel and on hunting trips in northern Sweden.
- The last months I have spent a large part of my time on the ongoing audits related to SCA. A preliminary investigation has also started, which means that the ability to focus on the business has been further reduced. The decision that the Board and I have reached in the interest of SCA, our shareholders, employees and my family is that I step down as President and CEO, says Jan Johansson.
Jan Johansson will be replaced by Magnus Groth, head of SCA's Business Unit Consumer Goods Europe, who will take over on March 1.
