Asuncion, June 16, 2023

Paracel welcomes Flavio Deganutti as the new CEO of the company, as an important next step in the building of a world-class pulp business.

Mr. Deganutti has until now held the position of Paper Business Director with Klabin S.A. Brazil, including managing and expanding four state-of-the-art mills. In his new position as Paracel CEO, Mr. Deganutti will lead Paracel’s growth in the coming years, focusing on growing the business and consolidating the leading sustainability position in the industry.

Our former CEO Per Olofsson, returns to his previous position as Chairman of the Board.

The Paracel Board of Directors states: “We are very happy that Flavio Deganutti, a cherished leader in the global Pulp & Paper industry, joins our great team to further develop the work carried out by his predecessors Nils Grafström and Per Olofsson. His deep experience is a major contribution to this phase of growth and development of Paracel”.

For any questions, contact latifi.chelala@paracel.com.py