Tuesday, February 10, 2015

SCA’s CEO Jan Johansson resigns. – Swedish newspaper Svenska Dagbladet

SCA's CEO Jan Johansson resigns. – Swedish newspaper Svenska Dagbladet

As late as in connection with SCA’s financial statements January 30, Jan Johansson determined to remain in office.

– I feel a strong support internally and externally, said he told SvD Business.

Instead, he gets fired.

– The past few months I have spent a large part of my time to the audits of SCA’s going on. Now also have a criminal investigation underway, which means that my focus to manage the business going forward further reduced. The decision the board and I therefore come to the SCA, shareholders, employees and my family’s concern is that I leave the CEO and the CEO position, says Jan Johansson in a statement.

The decision comes after the continuing series of revelations SvD Business done, mainly regarding the use of private aviation, which raised a number of questions.

In a statement saying the board that it is “understanding and respect for Jan Johansson can not exercise effective leadership under the circumstances. At the same time, the Board wishes to emphasize that it has not disclosed any new information linked to ongoing audits “and that the Board has continued confidence of Jan Johansson.

SvD Business and N360 could last Friday reveal the names of the family members who traveled with the company’s private jet has not appeared on the invoices, and sometimes not even been featured on passenger lists.

Meanwhile, it was revealed that the number of trips as Jan Johansson’s wife been on is in fact at least twice as high as 1.66 trips per year, or a total of 12 trips, as Jan Johansson stated.

Jan Johansson has said that accurate passenger lists is that accounts are in order, but his explanations were sawed by, among others Shareholders Association . In terms of the number of trips as Jan Johansson’s wife made, he chose to respond to SvD’s data with silence.

Latest tours will on top of a long series of revelations around Jan Johansson’s extensive traveling in a private jet, which both have cost many millions and been in sharp conflict with the SCA’s environmental and sustainability image.

He has made long flights all alone in the great private jet plane, had with his wife and daughter on several occasions, taken with friends in the plane of hunting. These trips include gone to the European Championship and the World Cup, where his daughter was with. He has also traveled to the Formula 1 races and the Volvo Ocean Race, where SCA plowing down a half billion.

Jan Johansson has also admitted that he approved payments for work as Chairman of the Board Sverker Martin-Löf’s son executed for SCA’s behalf, and said that he himself is not reflected on to the inappropriateness of this until SvD Business acclaimed business.

When it comes to air travel defended Jan Johansson until their travels, but then turned and explained that family members are no longer allowed to fly with and that SCA is considering selling the aircraft as well as the exclusive hunting farm Henvålen.

There are many in the Swedish business community reacted to the events of recent months, and the critics have been harsh in many quarters. Opinion leaders have both called for Jan Johansson’s resignation as declared their intention to boycott the SCA’s products.

This while Jan Johansson on several occasions thus contends that he enjoyed the confidence of shareholders, the Board and unions.

Successor Magnus Groth who has been at SCA since 2011 and is Head of Business Unit Consumer Goods Europe. He will start on 1 March.

Jan Johansson gets two years’ salary, or about 22 million, the parachute and should be at the Board and the incoming President’s disposal. Had Jan Johansson resigned himself had the compensation been only one year’s salary, according to the latest annual report.

Mats Berencreutz, vice president of SCA, also leaves. He will retire on March 1 2015. According to Svenska Dagbladet Enterprise data Mats Berencreutz and his wife made several trips in the company’s aircraft together with Jan Johansson.

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