2022-06-23 12:00:00 CEST

2022-06-23 12:00:12 CEST


Stora Enso Oyj - Changes board/management/auditors

Change in Stora Enso's Group Leadership Team


Kati ter Horst, Executive Vice President, Paper Division and a member of the
Group Leadership Team, has decided to leave Stora Enso as of 1 July 2022. After
more than 25 years with the Company, she will now pursue career opportunities
outside of Stora Enso.
Kati ter Horst joined Stora Enso in 1996 and has been leading the Company's
Paper division since 2014.

“As a highly valued member of our Group Leadership Team, Kati has been
instrumental in driving Stora Enso's transformation journey into a renewable
materials company by contributing to strategy development. She has showed strong
leadership and has played a key role in the extensive restructuring process of
our paper business. I want to express my gratitude to Kati for her significant
contributions to Stora Enso, while wishing her all the best in her future
endeavours,” says Annica Bresky, President and CEO at Stora Enso.
"I have had a fantastic international career at Stora Enso, and I am very
thankful for all that I have learned and for the opportunity to work with great
people. This is a good moment for me to leave and start something new,” says
Kati ter Horst.

In addition to his other duties, Seppo Parvi, CFO, will assume acting
responsibility for the Paper division.

Stora Enso announced in March this year that it was initiating a sales process
for possible divestment of four of its five paper production sites. The process
is ongoing. Stora Enso has started a feasibility study at its paper production
site in Langerbrugge, Belgium, for the conversion of one of the two paper lines
into a high-volume recycled containerboard line. The feasibility study is
expected to be finalised in the first half of 2023.

For further information, please contact:
Carl Norell
Press Officer
Tel. +46 72241 0349
Investor enquiries:
Anna-Lena Åström
SVP Investor Relations
Tel. +46 70210 7691

Part of the global bioeconomy, Stora Enso is a leading provider of renewable
products in packaging, biomaterials, wooden construction and paper, and one of
the largest private forest owners in the world. We believe that everything that
is made from fossil-based materials today can be made from a tree tomorrow.
Stora Enso has approximately 22,000 employees and our sales in 2021 were EUR
10.2 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
the USA as ADRs (SEOAY).
storaenso.com/investors (http://www.storaenso.com/investors/)

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