Stora Enso Oyj - Changes board/management/auditors

Stora Enso appoints a new CFO and a new EVP Packaging Solutions division

STORA ENSO OYJ STOCK EXCHANGE RELEASE 24 July 2024 at 8:00 EEST

Stora Enso has appointed Niclas Rosenlew Group Chief Financial Officer. He will
replace Seppo Parvi, who has previously announced that he will leave Stora Enso
to continue his career outside the Company. Stora Enso has also appointed
Carolyn Wagner Executive Vice President, Packaging Solutions division. She will
replace Ad Smit who will retire. They will join Stora Enso latest in January
2025 and be members of Stora Enso's Group Leadership Team.
Niclas Rosenlew is currently Group CFO at the Swedish stock-listed industrial
company SKF, a position held since 2019. Prior to his current role, he held a
CFO position at Basware, and senior finance positions at Microsoft and Nokia.
Niclas holds a Master of Science degree in Finance.
“I am delighted to welcome Niclas Rosenlew to the role as Stora Enso's new CFO.
Niclas has extensive experience in leading, developing and reshaping large
international organisations. His solid background in CFO and other senior
positions in listed companies will be immensely valuable in Stora Enso's
continued growth transition, value creation and in reaching our financial
targets. I would like to express our utmost gratitude to our current CFO Seppo
Parvi for his dedicated service over the past decade and wish him success in his
new professional role,” says Stora Enso's President and CEO Hans Sohlström.
Carolyn Wagner is currently Divisional CEO of the Packaging Division at the
German Klingele Paper & Packaging Group. Prior to her current role, she has held
senior positions at other European corrugated packaging companies, amongst
others, DS Smith and SCA. Carolyn holds a degree of Graduate Engineer Packaging
Technology.
“Carolyn's strong packaging industry insight will be important in developing and
advancing our packaging solutions business. I would like to thank Ad Smit for
his key role in integrating De Jong Packaging Group into our existing packaging
solutions business after the acquisition, and wish him all the best for the
future,” Sohlström says.
“I am thrilled about the opportunity to join Stora Enso and, as part of the
team, contribute to its success,” says Niclas Rosenlew.
“It is with great pleasure that I take up my new position in Stora Enso. With
exciting opportunities ahead, our goal is to lead the industry, enhance
sustainable growth, and offer superior global products and services,” says
Carolyn Wagner.
Part of the global bioeconomy, Stora Enso is a leading provider of renewable
products in packaging, biomaterials and wooden construction, and one of the
largest private forest owners in the world. Stora Enso has approximately 20,000
employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are
listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE
R). In addition, the shares are traded in OTC Markets (OTCQX) in the USA as ADRs
and ordinary shares (SEOAY, SEOFF, SEOJF).
storaenso.com/investors (https://www.storaenso.com/en/investors)
STORA ENSO OYJ

For further information, please contact:
Carl Norell
SVP Corporate Communications
tel. +46 72 241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691