The Board

According to Nordic Paper’s articles of association, the board of directors shall comprise of not less than three and not more than ten members elected by the shareholders at the general meeting. In addition and by law, employee organisations are by the Act on board representation for private employees entitled to appoint employee representatives. Nordic Paper’s board of directors currently consists of seven ordinary members elected by the extraordinary general meeting on 13 January 2025, including the chairman of the board, as well as two ordinary members and two deputy members appointed by employee organisations.

Tim Stubbs

Chairman of the board since 2025

Born: 1967

Education: Bachelor of Arts in Metallurgy and Science of Materials Oxford University. Master of Business Administration, London Business School.

Background: Former Partner, Head of Global Operations, Sun Capital Partners. Prior to this, President & CEO, Sapa Group (SEK70bn Global aluminium products company now part of Norsk Hydro).

Other current assignments: Chairman of board of Vita Group. Various advisory roles to Coveris (European flexible packaging), ESIM (Austrian specialist chemical CDMO), K3 group (UK business services group), MegaGroup (European specialist water handling distributor)

Independent in relation to the Company /Major shareholders: Yes/No

Shareholding: -

Riccardo Franchi

Board member since 2025. Member of the audit committee.

Born: 1990

Education: Master of Engineering in Mechanical Engineering, Queen Mary University of London.

Background: Member of the European Investing Team at Strategic Value Partners. Prior to Strategic Value Partners, Vice President in the Investment Banking division of J.P. Morgan.

Other current assignments: -

Independent in relation to the Company /Major shareholders: Yes/No

Shareholding: -

Omar Hoek

Board member since 2025.

Born: 1969

Education: Bachelor in Business Administration (OUBS).

Background: Executive management positions, previously Business Unit Leader Paper Laminates at Avery Dennison 1993-2010, Divisional President Specialties and R&D at Ahlstrom 2011-2020, President and COO of MATIV (SWM+Neenah papers) 2020-2023.

Other current assignments: CEO of the Vita Group since 2023, Board Member of Europur, Member of the Advisory Board of Anabio.

Independent in relation to the Company /Major shareholders: Yes/No

Shareholding: -

Ricardo Mateiro

Board member since 2025. Member of the remuneration committee.

Born: 1984

Education: Master of Business Administration, Northwestern University’s Kellogg School of Management. BA Business, Universidade Tecnica de Lisboa.

Background: Managing Director and member of the European Operating Team at Strategic Value Partners. Prior to at Strategic Value Partners, Executive Vice President at the Kuwait Investment Office in London, the direct investment arm of the Kuwait Investment Authority. Previously roles at Bain & Company and Portugal Telecom.

Other current assignments: Non-executive director on the board of APCOA.

Independent in relation to the Company /Major shareholders: Yes/No

Shareholding: -

Alexandre Mignotte

Board member since 2025. Member of the audit committee and the remuneration committee.

Born: 1982

Education: Master of Arts in Management, ESSEC Business School.

Background: Managing Director and member of the European Investing Team at Strategic Value Partners. Prior to Strategic Value Partners, Managing Director in the Alternatives investments division of Goldman Sachs.

Other current assignments: Non-executive director on the boards of APCOA and Vita Group.

Independent in relation to the Company /Major shareholders: Yes/No

Shareholding: -

Christer Simrén

Board member since 2025. Chairman of the audit committee.

Born: 1961

Education: Doctor of Philosophy Industrial Management and Economics, Chalmers University of Technology. Master of Science Electrical Engineering and Computer Science, Chalmers University of Technology. Bachelor of Science in Business Administration and Economics University of Gothenburg.

Background: Several senior positions for more than 20 years in the Pulp and Paper Industry. Former CEO of CellMark, CEO of Korsnäs, and COO of BiIllerud, CEO of Wermland Paper.

Other current assignments: Chairman of the Board of Cellcomb AB. Member of the BoD of CellMark International. Member of the Royal Academy of Engineering Sciences.

Independent in relation to the Company /Major shareholders: Yes/Yes

Shareholding: -

Russell Wanke

Board member since 2025. Chairman of the remuneration committee.

Born: 1961

Education: Bachelor of Science in Paper Science & Engineering, University of Wisconsin.

Background: 40-year pulp & paper industry veteran. Various positions in senior management with Consolidated Papers, Stora Enso, and NewPage. GM of specialty paper producer Thilmany Papers 2008-2013. CEO Expera Specialty Solutions 2013-2018 and served on senior executive team at Ahlstrom-Munksjo after acquisition of Expera Specialty Solutions.

Other current assignments: -

Independent in relation to the Company /Major shareholders: Yes/Yes

Shareholding: -

Per Gustafsson

Board member since 2013. Representative of Pappers Bäckhammar.

Born: 1959

Other current assignments: -

Shareholding: 1

Tom Rød

Board member since 2022. Representative of GAF Greåker.

Born: 1966

Other current assignments: -

Shareholding: -

Nicklas Backelin

Deputy board member since 2013. Representative of Unionen Åmotfors.

Born: 1974

Other current assignments: Deputy member of the board of Eda Bostads Aktiebolag.

Shareholding: -

Lotta Kullander

Deputy board member since 2022. Representative of Unionen Säffle.

Born: 1959

Other current assignments: -

Shareholding: -