Breaking News

Ahlstrom To Change Operational Model

May 10, 2010

Company to function as five units effective July.

Nonwovens producer Ahlstrom is changing its operational model effective July 1 to better reflect value-added and operational excellence business clusters. The new organizational model will include five business areas including Business and Energy, covering the current Glass & Industrial Nonwovens business area and wallpaper products; Label and Processing, including most of the current Technical Papers and Release & Label Papers business areas; Home and Personal, the current Home & Personal Nonwovens business area, Food and Medical, the current Advanced Nonwovens business area, crepe papers and vegetable parchment products and Filtration.

In financial reporting, the five Business Areas will form new reporting segments, discontinuing reporting on the current Fiber Composites and Specialty Papers segments. Additionally, the current product line structure with 18 product lines within the business areas will be discontinued, and the organization within the new business areas will be integrated to strengthen customer orientation and the supply chain process.

In conjunction with this reorganization,several changes have been made in Ahlstrom's executive management team. Patrick Jeambar was appointed executive vice president, Label & Processing Business Area. Daniele Borlatto assumes a new role as vice president, Release & Label business, reporting to Patrick Jeambar. Gustav Adlercreutz has been appointed vice president, legal affairs and general counsel. He reports to CFO Seppo Parvi.

In order to enhance the development of its global supply chain, Ahlstrom will establish a new position of executive vice president, supply chain, which will be filled in due course.

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