Sveaskog president Lars Sköld is leaving the company after being “dismissed by the board”.

In a statement, the company said the decision was the result of “differences of opinion between the board and Lars Sköld regarding the company’s strategies”.

Mr Sköld, who will receive a severance package of SKr7.51m, has also resigned from the board of Setra Group, a part-owned subidiary of Sveaskog.

Director of forestry Gunnar Olofsson has been appointed acting president of Sveaskog.

&#8220Our business partners and other stakeholders must feel that the company’s activities continue to have the continuity that characterises Sveaskog

Gunnar Olofsson, Sveaskog acting president

Mr Olofsson said his management experience in the company would shorten the “running-in period” for his new role.

“Our business partners and other stakeholders must feel that the company’s activities continue to have the continuity that characterises Sveaskog,” he said.