May 7, 2020 / 9:02 AM / 18 days ago

BRIEF-Saga Furs Appoints Magnus Ljung New CEO

May 7 (Reuters) - Saga Furs Oyj:

* SAID ON WEDNESDAY APPOINTED MAGNUS LJUNG AS NEW CEO, EFFECTIVE IMMEDIATELY

* PERTTI FALLENIUS TO STEP DOWN AFTER MORE THAN A DECADE AS CEO

* DECREASE IN GLOBAL PRODUCTION DUE TO COVID-19 REQUIRES QUICK AND SUBSTANTIAL OPERATIONAL AND ORGANISATIONAL RESTRUCTURING

* APPOINTS LJUNG AS CEO TO SPEED UP CHANGES AND TO FORMULATE A NEW STRATEGY TO ALIGN BUSINESS OPERATIONS TO CURRENT MARKET ENVIRONMENT

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Further company coverage: (Gdansk Newsroom)

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