Stora Enso changes its organisation
STORA ENSO OYJ Stock Exchange Release 31 March 20005 at 17.00
Stora Enso changes its organisation
Stora Enso has reviewed its organisational structure as a number
of key persons will reach retirement age in the next three
years, starting with the forthcoming retirement of Deputy CEO
Björn Hägglund on 1 June 2005.
The new organisation will focus on broadening the experience of
a number of key managers, reducing the number of management
levels within Stora Enso, expanding in emerging markets and
developing global product divisions.
The new organisation structure will take effect from 1 May 2005.
Line organisation
The Asia Pacific and Latin America geographical divisions will
report to Group staff Corporate Strategy in order to strengthen
the efforts to grow in emerging markets, including Eastern
Europe. In addition, the product divisions will become more
involved in growth projects in these markets as a result of the
organisational changes.
Stora Enso Publication Paper, Fine Paper and North America
(SENA) will each report to the CEO. The work done by the Paper
product area on identifying and achieving synergies within these
divisions will continue and be extended to the relevant
divisions or corporate staff functions such as Corporate
Strategy and Market Services. This will ensure that some of the
successful initiatives by the Paper product area are implemented
throughout the Group. These initiatives have included Stora Enso
Account Management, the Why Paper continuous study of paper
demand factors and the maintenance strategy.
Speciality Paper will be transferred to Packaging Boards and
Merchant operations will report to the Fine Paper division. The
Merchant operations will remain independent from the Fine Paper
division operations in order to preserve the required integrity
towards suppliers and customers. For financial reporting
purposes these changes will be effective from Q2 2005 onwards.
Staff functions
The number of staff functions, which will report to the CEO,
will be reduced from eight to six, namely:
- Finance, Accounting, Legal and IR
- Corporate IT, HR and Business Excellence
- Market Services (Sales Network and Transport and
Distribution)
- Corporate Communications
- Corporate Support (Environment, Energy, Procurement and
R&D)
- Corporate Strategy, Investment and Business Planning
Appointments
Kai Korhonen, currently head of the Paper product area, has been
appointed Senior Executive Vice President, Stora Enso Packaging
Boards. He continues as a member of the Executive Management
Group (EMG).
Pekka Laaksonen, currently head of the Packaging Boards product
area, has been appointed Senior Executive Vice President, Stora
Enso Fine Paper. He continues as a member of the EMG.
Jussi Huttunen, currently head of Stora Enso Fine Paper, has
been appointed Senior Executive Vice President, Market Services.
He continues as a member of the EMG.
Arno Pelkonen, currently head of Stora Enso Forest Products, has
been appointed Senior Executive Vice President, Corporate
Strategy and Emerging Markets. He continues as a member of the
EMG.
Elisabet Salander Björklund, currently head of Stora Enso Wood
Supply Europe, has been appointed Senior Executive Vice
President, Stora Enso Forest Products. She becomes a member of
the EMG.
Christer Ågren, currently head of Corporate Human Resources and
TQM, has been appointed Senior Executive Vice President, IT, HR
and Business Excellence. He becomes a member of the EMG.
Esko Mäkeläinen, CFO and SEVP Finance, Accounting and Legal
Affairs, Lars Bengtsson, SEVP, Stora Enso North America, Bernd
Rettig, SEVP, Stora Enso Publication Paper and Yngve Stade,
SEVP, Corporate Support, continue as members of the EMG.
Per Ericson, currently head of Human Resources in the Paper
product area and head of Human Resources Development within
Corporate Human Resources, has been appointed Executive Vice
President, Corporate Human Resources and Business Excellence. He
becomes a member of the Management Group (MG).
Petri Wager, currently head of Market Services, has been
appointed head of Stora Enso Sales Finland and Baltic States as
well as sales in Russia.
For further information, please contact:
Jukka Härmälä, Chief Executive Officer, tel. +44 20 7016 3111
Christer Ågren, Executive Vice President, Corporate Human
Resources and TQM, tel. +44 20 7016 3150
Kari Vainio, Executive Vice President, Corporate Communications,
tel. +44 77 9934 8197
Keith B Russell, Senior Vice President, Investor Relations, tel.
+44 20 7016 3146
STORA ENSO OYJ
Ulla Paajanen-Sainio Jyrki Kurkinen