Succession planning
Talent Management is a priority for Swedish Match’s senior management. Members of both the Board of Directors and the Group Management are involved in the process.
The process includes 200 people, and the objective is to secure appropriate staffing of senior management and key personnel, and to identify and develop high-potential employees in order to meet long-term organizational requirements.
The talent management process starts locally, with management teams continuously reviewing the required competences and identifying key positions and talents. At Group level, the CEO, Divisional Presidents and Group Human Resources representatives review the results, and a summary is prepared for the Board. The process enables the organization to gain an overall profile of the requirements and of the potential available in the Group. It also identifies managerial capabilities, possible alternative careers and successors.