Paracel announces its new CEO

Paracel welcomes Flavio Deganutti as the company's new CEO, confirming our commitment to developing a world-class pulp business.

To date, Deganutti has served as Director of the paper division of the Brazilian company Klabin S.A., including the management and expansion of four first-rate industrial plants. In his new position as CEO, Deganutti will lead Paracel with a focus on business growth and the consolidation of our company as a leader in sustainability in the industry.

The current interim CEO, Per Olofsson, returns to his former position as Chairman of the Board.

The Paracel Board of Directors states: “We are very happy with the fact that Flavio Deganutti, a leader in the Pulp & Paper sector, joins our great team to continue the work carried out by his predecessors Nils Grafström and Per Olofsson. His wealth of experience will contribute to this phase of Paracel's growth and development.”

For any questions, please contact latifi.chelala@paracel.com.py.