Fabrice Fouletier succeeds Lennart Holm as Chairman of the Board of Perstorp

After more than 12 years with Perstorp, first as President and CEO and most recently as Chairman of the Board, Lennart Holm has decided to leave his position with the Perstorp Group.

“Over the last couple of years I have been occupied with an increasing number of different assignments in addition to the Board of Perstorp. After a careful consideration I have decided to step down from my role as Chairman of the Perstorp Board. I wish my Board and Perstorp colleagues’ future success”, Lennart Holm says.

Fabrice Fouletier, who has been a Board Member of Perstorp since 2006, will replace Lennart Holm as of 25 October 2012.

“Lennart Holm has served Perstorp and its owners, employees and customers in a tremendous way during his 12 year service at Perstorp, first as CEO and later as Chairman and we regret his departure from the Company. As a representative of the shareholder, PAI, I would also take the opportunity to highlight his significant contribution to PAI, as Partner and Head of the Capital Goods sector team during the years 2006-2010. Nevertheless, we very much respect his decision to leave given his many other assignments and we wish him all success in his other duties and undertakings”, says Fabrice Fouletier.