Swiss Krono issued a statement saying that Mr Brettenthaler had notified the company ownership last September that he had decided to pursue a new professional path.

At the owner’s request, he continued to manage the Group’s business until a successor could be put in place.

Mr Wijnbergen has been a member of the Board of Directors of Swiss Krono Holding Ltd since 2022 and can look back on a long career in the wood- based materials industry, most recently as CEO of Norbord.

“Martin Brettenthaler will now leave the Group on January 31, 2024, on the best terms with the Group’s owner and Board of Directors,” the company said.

“As a strong team, we have achieved a lot at Swiss Krono Group over the past seven years,” said Mr Brettenthaler.

“I would like to thank our employees, my colleagues on the Group Executive Board and the Board of Directors for their excellent and dedicated cooperation. In particular, I would like to thank Swiss Krono’s owner, Ines Kaindl, for her trust and the opportunity to manage her family business during this time.”

“We respect the wishes of our current CEO Martin Brettenthaler, thank him for his considerable commitment and the successful business performance, and wish him all the best for his professional and personal future,” said Ines Kaindl.

Mr Wijnbergen said he was delighted to take up the mantle and seamlessly ensure the management of Swiss Krono Group.