OilVoice - PA Resources Appoints Chief Financial Officer

PA Resources Appoints Chief Financial Officer

Monday, May 24, 2010

PA Resources AB has appointed Nicolas Adlercreutz as Chief Financial Officer (CFO). Nicolas Adlercreutz succeeds Bo Askvik, who became President and CEO following the Annual General Meeting held on 18th May, 2010.

Nicolas Adlercreutz assumes his position as Chief Financial Officer (CFO) at PA Resources AB after the summer, 2010.

He will be Head of Group staff Finance, including finance reporting and Group accounting, business control and treasury, stationed in Stockholm and will be a member of the Group Management.

Nicolas Adlercreutz joins PA Resources from Svenska Cellulosa Aktiebolager SCA where he is Vice President Group Control, with responsibility for finance reporting, Group accounting and business control. Nicolas has held different positions in finance at SCA both at head office and internationally. Nicolas holds a degree in Business Administration from the Mid Sweden University of Sundsvall.

"I am pleased to announce the recruitment of Nicolas as our new CFO. He will add further strength to our team in finance with his broad experience and extensive skills. I am looking forward to working with Nicolas as a member of our Group Management Team in developing the values in PA Resources assets in line with our new strategy," says Bo Askvik President and CEO for PA Resources AB.

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