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Mondi CEO resigns, to join Mayr-Melnhof Karton

Paper and packaging company Mondi PLC said its CEO Peter Oswald is stepping down from his post and the board to join Mayr-Melnhof Karton AG on April 1.

Oswald's resignation is effective March 31. Mondi CFO Andrew King will act as interim CEO until a permanent replacement is appointed, the company said.