Stora Enso Oyj - Company Announcement

Stora Enso changes organisational structure of Renewable Packaging

Helsinki, Finland, 2014-03-21 08:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 21 March 2014 at 9.00 EET 

Stora Enso plans to reorganise its Renewable Packaging Division, comprising
Consumer Board, Packaging Solutions and Packaging Asia, into three separate
businesses reporting to the CEO. 

As agreed by the Board of Directors, the reorganisation has two objectives: to
enhance visibility internally and externally in addressing Global
Responsibility challenges in high risk markets, and to increase the focus on
the growth engines of Stora Enso's strategy. 

“This change will remove one organisational layer. We want to increase clarity
and transparency within and outside the Group concerning the Global
Responsibility challenges we have had and continue to have in China, India and
Pakistan,” says Stora Enso CEO Jouko Karvinen. 

The reorganisation of the renewable packaging businesses is planned to be
implemented by 1 July 2014, subject to the outcome of applicable
co-determination negotiations. Until then, the businesses of the current
Renewable Packaging Division (Consumer Board, Packaging Solutions and Packaging
Asia) will report directly to the CEO. 

Mats Nordlander, currently head of the Renewable Packaging Division and a
member of the Group Leadership Team, will leave his present roles. He will
continue to report to the CEO while his new tasks are defined and agreed. 

“Stora Enso has already initiated a human rights assessment across the Group.
This is a continuation of our ongoing efforts to systematically integrate human
rights issues into our business. We have high objectives and this will be a
long journey. We may never be perfect, but we will always be transparent,”
Jouko Karvinen emphasises. 

“Consumer Board, Packaging Solutions and Biomaterials have been defined as the
growth engines of the Group. Although continued cost and capacity adjustments
have maintained the cash generation of the Group, the growth of the higher
margin businesses has been limited. We must now get more energy and focus on
this task to grow our top line faster and to manage the large investment
projects and risks relating to them better,” says Jouko Karvinen. 

The effect of the changes on the segment structure and reporting will be
announced in due course before the end of the second quarter of 2014. 

For further information, please contact:
Jouko Karvinen, CEO, tel. +358 2046 21410
Lauri Peltola, EVP, Global Identity, tel. +358 2046 21380

www.storaenso.com
www.storaenso.com/investors


Stora Enso is the global rethinker of the paper, biomaterials, wood products
and packaging industry. We always rethink the old and expand to the new to
offer our customers innovative solutions based on renewable materials. Stora
Enso employs some 28 000 people worldwide, and our sales in 2013 amounted to
EUR 10.5 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV,
STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the
USA as ADRs (SEOAY) in the International OTCQX over-the-counter market. 

STORA ENSO OYJ