Stora Enso appoints Karl-HenrikSundström as new CEO

 

STORA ENSO OYJ STOCK EXCHANGE RELEASE 30 June 2014 at 09.00 EET

　　Stora Enso’s Board of Directors has appointed Karl-HenrikSundström, 54, as the new CEO of the Company as of 1 August 2014. He is currently Executive Vice President and Head of the Printing and Living Division of Stora Enso.

　　“Karl-HenrikSundström has wide global experience in manufacturing industry and a solid background in financial management. As an internal choice, he brings continuity to the management of the Company and to the strategic path the Company has chosen,” says Chairman of the Board of Directors Gunnar Brock.

　　“During my two years with Stora Enso I have got to know a company with a strong market position and great potential. I am looking forward to continuing to build the future of Stora Enso together with the whole team of competent and committed employees around the world,” says the new CEO Karl-HenrikSundström.

　　For further information, please contact:

　　Karl-HenrikSundström, EVP, Printing and Living, +46 1046 71661

　　Lauri Peltola, EVP, Global Identity, +358 2046 21380

　　PRESS CONFERENCE IN HELSINKI

　　Chairman of the Board of Directors Gunnar Brock will host a press conference today at 10.00 EET (09.00 CET, 08.00 UK time) in Helsinki together with Karl-HenrikSundström. The conference will be held in English and webcast live at www.storaenso.com.

　　Venue:Stora Enso Head Office, Kanavaranta 1, Helsinki.

　　Photos of Karl-HenrikSundström are available at

　　http://bmt.storaenso.com/?cart=765-mdddhiakbj&l=EN.

　　Please copy the link into your web browser.

　　CV – KARL-HENRIK SUNDSTRÖM

　　EDUCATION

　　1985 BSc Business Administration, Finance and Accounting, Uppsala University, Sweden

　　PROFESSIONAL EXPERIENCE

　　Stora Enso

　　2013–2014 EVP Printing and Living (since 1 July 2013)

　　2012–2013 CFO (since 1 August 2012)

　　NXP

　　2008–2012 EVP & CFO – NXP Semiconductors, the Netherlands

　　ERICSSON AB

　　2003–2008 EVP & CFO Global

　　2002–2003 VP & Head of Ericsson Global Services, Sweden

　　1999–2002 Managing Director, Australia

　　1997–1999 Corporate Treasurer and SVP, Sweden

　　1992–1997 Business Area Controller, Public Telecommunications

　　1991–1992 Controller, MU Americas, Asia & Africa, Sweden

　　1988–1991 Finance Director & Controller, Compania Argentina de Telefonos, Argentina

　　1985–1988 Various positions within finance, Sweden

　　NON–EXECUTIVE ROLES

　　2009–present SWEDBANK

　　Board Member Sweden

　　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