RISI announced that Mark Kowlzan, Chairman and Chief Executive Officer of Packaging Corporation of America (PCA), has been named the 2017 North American CEO of the Year. The award will be presented to Mr. Kowlzan at the North American Conference on October 17, 2017 in Boston, Massachusetts at the Seaport Hotel. Analysts credited Kowlzan for growing PCA in containerboard and corrugated packaging – while at the same time operating the firm at the highest EBITDA margin among North American publicly-traded containerboard producers. In the first quarter this year PCA generated a 21.7% EBITDA margin – the highest among publicly-traded North American containerboard producers. One analyst said that PCA under Kowlzan has "continued to put up best-in-class margins and expand their converting presence. They have maintained a strong balance sheet and with stock at all-time highs are poised for another growth step." Click Read More below for more of the story.
Stora Enso has appointed Annica Bresky as Executive Vice President, Consumer Board division and member of the Group Leadership Team. Annica Bresky is currently the President and CEO of Iggesund Paperboard AB, part of the Swedish Holmen Group. Previously she has worked as Mill Director at BillerudKorsnäs AB. She has also worked at Stora Enso’s Kvarnsveden Mill in 2001‒2010 holding engineering and superintendent positions.
Annica Bresky holds a M.Sc degree in engineering from Uppsala University and an Executive MBA from M-gruppen. She will join Stora Enso at the latest by 1 May 2017 and be based in Stockholm. Stora Enso’s CEO Karl-Henrik Sundström will act as head of the Consumer Board division until Annica Bresky starts.
“Annica Bresky is a perfect match for our opportunities in the Consumer Board division. Her extensive experience both in production and leadership positions forms a solid background for her to take one of our growth businesses into the future. Annica has worked several years for Stora Enso in the past, so I’d like to welcome her back,” says Stora Enso’s CEO Karl-Henrik Sundström.
Stora Enso’s previous head of Consumer Board division, Jari Latvanen, has started as CEO of HKScan, as announced in May 2016.