Papierfabrik Scheufelen Announces Top Management Changes

LENNINGEN, GERMANY—Jan. 4, 2010—Papierfabrik Scheufelen GmbH & Co. (Scheufelen), the manufacturer of coated wood-free premium papers owned by the Finnish paper group Powerflute OYJ (Powerflute or the Group), has announced the following management changes:

• Michael Spallart stepped down as CEO of Scheufelen on Dec. 31, 2010, to assist Powerflute with development projects elsewhere in the group.