Axel Johnson Names Sara Greenstein as President & CEO

Ms. Greenstein has extensive operational expertise and ability to lead and transform large, multifaceted global organizations. Most recently, Ms. Greenstein was the President and Chief Executive Officer of Lydall Inc. (NYSE: LDL), where she transformed the global specialty materials business, built the strategy and team which delivered consistent shareholder returns throughout the pandemic. It was that strategy, the pursuant execution, and impactful innovation that led Lydall to becoming an attractive acquisition target. Ms. Greenstein led the transaction process which created significant shareholder value, closing late 2021.

Prior to Lydall, Ms. Greenstein was a senior executive of United States Steel Corporation (NYSE: X) an integrated steel producer, where she led the $4.0 billion global Consumer Solutions business unit, with more than 4,000 employees at eight large operating facilities.  Prior to joining U.S. Steel, Ms. Greenstein served for 12 years in a variety of senior leadership positions at Underwriters Laboratories, Inc. ("UL"), a safety science company that provides chemical emissions certification, multiple listing and private labeling, chemical testing, environmental claim validation, factory inspection, field evaluation, and clinical services.

"After conducting a thorough search process, we are delighted to appoint a chief executive of Sara's caliber," said Axel Morner, Chairman of Axel Johnson's Board of Directors.  "In our recruitment process, we wanted someone who was genuinely attracted to not only what we do, but also the way we do things.