Sotipapier Announces Changes to Board of Directors and Provides Business Update
The Sotipapier Board of Directors, which met on March 13, 2025, has taken note of Mohamed Ben Rhouma's firm, definitive, and irrevocable decision to resign from his position as Chairman of the Board of Directors for personal reasons, effective immediately. The Board has accepted his resignation and granted him a full, definitive, and unconditional discharge for the execution of his mandate.
Simultaneously, the Board has decided to appoint Slim Zeghal as Chairman of the Board of Directors for the remainder of his term as an administrator, until the next Ordinary General Meeting, which will review the financial statements for the fiscal year ending December 31, 2025. It is specified that, with this appointment, Slim Zeghal will no longer be considered an independent administrator. A new independent administrator will be appointed in accordance with current regulations.
Ahead of the publication of the annual accounts, Sotipapier is expected to post a rebound in net profit in the second half of the year. The operational context remains challenging, with persistent tensions in the old paper market. Furthermore, the paper pulp market continues to face difficult conditions, marked by limited availability and high costs. The combination of these tensions in both segments continues to exert strong pressure on prices and costs. The role of the Board of Directors is crucial in validating management's strategies to ensure better profitability.
