PA Resources Appoints New CFO

PA Resources has appointed Nicolas Adlercreutz to Chief Financial Officer (CFO). Nicolas Adlercreutz succeeds Bo Askvik. Nicolas Adlercreutz (40 years old) 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. 

Nicolas Adlercreutz said, "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."