Stora Enso Oyj - Changes board/management/auditors

Stora Enso introduces new organisational structure for Renewable Packaging and appoints new member to the Group Leadership Team

Helsinki, Finland, 2014-12-18 08:00 CET (GLOBE NEWSWIRE) -- STORA ENSO OYJ
STOCK EXCHANGE RELEASE 18 December 2014 at 9.00 EET 

The Renewable Packaging Division will be split into two divisions: Consumer
Board and Packaging Solutions. Both new divisions will become separate
reporting segments from 1 January 2015. 

Stora Enso appoints Jari Latvanen as EVP, Head of Consumer Board and as a
member of the Group Leadership Team as of 1 January 2015. Jari Latvanen is a
Finnish citizen and has held several leadership positions within the food
industry. Since 2010 he has worked as CEO for Findus Nordic operations. Before
that, Jari has made a long international career within Nestlé group. 

“Jari Latvanen has a long and relevant experience from working with strong
brands and corporate strategies. I am convinced that he will be a valuable
contribution to the team and strengthen our customer focus even further,” says
Stora Enso CEO Karl-Henrik Sundström. 

Hannu Alalauri, currently SVP Packaging Solutions Stora Enso, is appointed as
acting Head of Packaging Solutions. 

The new structure in the packaging business is a further step towards
strengthening Stora Enso's focus on customers, business performance and growth.
It will also mean greater transparency in financial reporting. 



Division names

The following names for the product divisions will become effective as of 1
January 2015:




Current name          New name           
-----------------------------------------
Printing and Reading  Paper              
-----------------------------------------
Building and Living   Wood Products      
-----------------------------------------
Biomaterials          Biomaterials       
-----------------------------------------
Renewable Packaging                     -
-----------------------------------------
                   -  Consumer Board     
-----------------------------------------
                   -  Packaging Solutions
-----------------------------------------



Photo of Jari Latvanen is available at:
http://bmt.storaenso.com/?cart=938-ggbfkcklif&l=EN 



For further information, please contact:
Ulrika Lilja, Executive Vice President Communications, tel. +46 72 221 9228

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 29 000 people worldwide, and our sales in 2013 amounted to
EUR 10.6 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