RusForest AB
RusForest Appoints Peter Nilsson as Director of Sales and Production
RusForest AB 01.10.2012 08:05 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Stockholm, 2012-10-01 08:05 CEST (GLOBE NEWSWIRE) -- RusForest AB (publ) ('RusForest' or the 'Company') (NASDAQ OMX: RUSF), a Swedish forestry company with operations in Russia, announces the appointment of Peter Nilsson as Director of Sales and Production. Peter Nilsson joins RusForest with 30 years of forestry experience. He was most recently CEO of Södra Timber AB, a Swedish sawmilling company with nine sawmills and annual production of more than 1.7 million cubic meters of sawnwood. Previously, Mr. Nilsson was CEO of Geijer & Söner AB and held various positions at SCA Timber AB, including CEO of the UK operation. Mr. Nilsson has also served on several boards in the sawnwood distribution and homebuilding industries. Garrett Soden, the Company's CEO, commented, 'Peter has extensive experience in the sawmilling industry and is a valuable addition to the RusForest management team. He will expand our sawnwood sales into more attractive markets, improve productivity at the sawmills and strengthen internal logistics from our forest resources to the end customer.' About RusForest AB RusForest is a publicly-traded Swedish forestry company operating in eastern Siberia and the Arkhangelsk region of Russia. The Company controls approximately 3 million hectares of timber through long-term leases with an annual allowable cut ('AAC') of approximately 3.6 million cubic meters. RusForest owns five sawmills in close proximity to its forest leases and is self-sufficient in raw material to produce more than 400,000 cubic meters per year of sawnwood products. The Company is listed on NASDAQ OMX Stockholm First North (ticker symbol 'RUSF'). RusForest's largest shareholder is Vostok Nafta Investment Ltd, which owns approximately 29 percent of the Company's shares. RusForest AB's Certified Adviser on First North is Pareto Öhman AB. For additional information, please visit the Company's website at www.rusforest.com or contact: Mia O'Connor, Investor Relations, telephone: +46 8 771 85 00 News Source: NASDAQ OMX 01.10.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: RusForest AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0001732728 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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