PA Resources Names New CFO

PA Resources AB has appointed Tomas Hedström as its new Chief Financial Officer (CFO). Tomas Hedström has broad international experience in accounting and finance from listed companies and will be a member of PA Resources' Group Management.

Tomas Hedström joins PA Resources from his position most recently as CFO of Rottneros AB. Prior to that, he served in several positions at SCA, with sales of more than SEK 100 billion and 50,000 employees, most recently as Senior Vice President Finance. Tomas has a long record of international experience both in accounting and finance as well as from operational positions in the UK, Belgium and the United States. He will assume his duties as CFO by Aug. 1, 2013 at the latest.

"I look forward to working with Tomas," commented Bo Askvik, President and CEO of PA Resources. "His broad international experience in financial reporting, control, finance, capital rationalization and mergers & acquisitions, combined with operational responsibility, make him a valuable addition to PA Resources' continued development. I am very pleased to welcome Tomas to PA Resources in connection with the Company's now completed recapitalization."

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