Huhtamaki is separating the Fiber Foodservice Europe-Asia-Oceania business segment into two distinct business segments, Fiber Packaging and Foodservice Europe-Asia-Oceania. The change is expected to take effect as of April 1, 2025, at the latest.

"We are separating our Fiber Foodservice business into two distinct business segments to empower our teams to serve our customers more efficiently. This strategic move positions us for profitable growth by giving accountability to the businesses and increasing speed of execution in a changing business landscape. It will support our goal of being the first choice in sustainable packaging", says Ralf K. Wunderlich, President and CEO of Huhtamaki.

Both segments will have their own presidents, who will be part of the Global Executive Team. Sara Engber has been appointed President, Fiber Packaging and member of the Global Executive Team at Huhtamaki. Fredrik Davidsson will continue as a member of Global Executive Team as President, Foodservice Europe-Asia-Oceania.

Separation of the businesses is subject to finalizing potential statutory consultation requirements where applicable.

Huhtamaki is a leading global provider of sustainable packaging solutions.