Peter Buckley appointed President and CEO of Korsnas Packaging

Business Wire, Jan 5, 2001

Business Editors

STOCKHOLM, Sweden--(BUSINESS WIRE)--Jan. 5, 2001

The Korsnas' Board of Directors has appointed Mr. Peter Buckley as the new President and CEO of the Korsnas Packaging Group.

Mr. Buckley has worked for the Jefferson Smurfit Group during the last 14 years in a number of international management positions and is currently responsible for Smurfit's European sack converting business. He is a Business Administration graduate from University College Cork in Ireland.

The Korsnas Packaging company which currently has sack converting operations in 14 European countries as well as in the USA will be headquartered in Paris. Mr. Buckley will report to the President and CEO of Kinnevik.

Gavle January 5, 2001 KORSNAS AKTIEBOLAG

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