Essity AB Announces Leadership Change: Ulrika Kolsrud to Become New President and CEO

In a significant leadership transition, Essity AB, a leading global player in the consumer staples industry, has announced the appointment of Ulrika Kolsrud as its new President and CEO. The decision, made by Essity’s Board of Directors, marks a pivotal moment for the company as it prepares to enter a new phase of development. Kolsrud will assume her new role on June 1, 2025, succeeding Magnus Groth, who stepped down earlier this year.

Ulrika Kolsrud: A Promising New Leader

Currently serving as the President of Essity’s Health & Medical business unit, Ulrika Kolsrud brings a wealth of experience and a deep understanding of the company’s operations to her new role. Her appointment has been met with enthusiasm both within the company and in the broader market. Kolsrud expressed her gratitude and excitement about the opportunity, stating, “I am honored that the board has given me the trust to lead Essity into its next development phase.”

Essity’s Market Position and Financial Health

Essity AB, headquartered in Stockholm, Sweden, is renowned for its diverse range of personal care, consumer tissue, and professional hygiene products. The company operates under several well-known brands, including TENA, TORK, and Zewa, and has a strong presence in various sectors, from healthcare facilities to public venues.

Financially, Essity has shown resilience and growth potential. As of November 26, 2024, the company’s close price was SEK 568.99, matching its 52-week high. The market capitalization stood at SEK 192,960,000,000, with a price-to-earnings ratio of 15.46. Earlier in the year, Essity reported increased profits at the start of the fiscal year, indicating a positive trajectory for the company.

Looking Ahead

With Ulrika Kolsrud at the helm, Essity is poised to continue its growth and innovation in the consumer staples sector. Her leadership is expected to drive the company forward, leveraging its strong market position and expanding its product offerings. As Essity navigates the challenges and opportunities of the global market, Kolsrud’s strategic vision will be crucial in maintaining the company’s status as a leader in personal care and hygiene solutions.

Investors and stakeholders will be closely watching Essity’s performance in the coming months, as the company embarks on this new chapter under Kolsrud’s leadership. With a solid foundation and a promising future, Essity is well-equipped to meet the evolving needs of its customers and maintain its competitive edge in the industry.