Stora Enso Nomination Committee's proposals concerning members of the Board of Directors
STORA ENSO OYJ STOCK EXCHANGE RELEASE 4 February 2010 at 6.58 GMT
In its proposal to the Annual General Meeting on 31 March 2010 concerning the Board of Directors, Stora Enso's Nomination Committee proposes that the Board of Directors shall have eight (8) members. The Nomination Committee proposes also that of the current members of the Board of Directors, Gunnar Brock, Birgitta Kantola, Juha Rantanen, Hans Stråberg, Matti Vuoria and Marcus Wallenberg be re-elected members of the Board of Directors until the end of the following AGM and that Carla Grasso and Mikael Mäkinen be elected new members of the Board of Directors for the same term of office. Claes Dahlbäck, Dominique Hériard Dubreuil and Ilkka Niemi were not seeking re-election. Carla Grasso is currently the Executive Director of HR and Corporate Services of the mining company Vale S.A. She holds a Master's degree in Economic Policy from the University of Brasilia in Brazil. Mikael Mäkinen is currently President and CEO of Cargotec Oyj. He holds a Master's degree in Engineering from Helsinki University of Technology in Finland. The Board of Directors informs that if the above mentioned persons are elected members of the Board of Directors, Gunnar Brock will be nominated as Chairman and Juha Rantanen as Vice Chairman of the Board of Directors as also recommended by the Nomination Committee. “Stora Enso is becoming a stronger company after decisive proactive efforts in the last few years to tackle raw material pricing and availability challenges, dramatic drop in paper demand, structural problems and a global recession. We owe great thanks to the outgoing members of the Board of Directors, especially Claes Dahlbäck, Chairman of the Board for twelve years, for their dedicated work for the company. We believe the proposed new members of the Board will add relevant experience and talent that will help further strengthen the company going forward,” says Keijo Suila, Chairman of the Nomination Committee. The Nomination Committee has consisted of the following members: Keijo Suila (appointed by shareholder Solidium), Claes Dahlbäck (Chairman of the Board of Directors), Ilkka Niemi (Vice Chairman of the Board of Directors) and Marcus Wallenberg (appointed by shareholder FAM). APPENDIXES Gunnar Brock, born 1950, Swedish citizen, has extensive international experience from top management positions in large leading corporations. He has been President and CEO of Tetra Pak Group where he also held various international positions, President and CEO of Alfa Laval Group, CEO of Thule International and most recently President and CEO of Atlas Copco Group between 2002 and May 2009. Mr. Brock is the Chairman of Board of Mölnlycke Healthcare AB and Member of the Board of Teknikföretagen, Investor AB and SOS-Children's Villages, Sweden, and a member of the Royal Swedish Academy of Engineering Sciences (IVA). He has a Master of Science degree in Economics and Business Administration from the Stockholm School of Economics. Gunnar Brock has been the member of Stora Enso's Board of Directors since March 2005. He is independent of the Company and the significant shareholders. Carla Grasso, born 1962, Brazilian citizen, is Executive Director of HR and Corporate Services of the mining company Vale S.A. (www.vale.com). Before joining Vale in 1997, she hold several positions in government institutions in Brazil; 1994-1997 she was Secretary of Complementary Welfare Administration and 1992-1994 Special Assistant in the Ministry of Welfare and Social Assistance, 1990-1992 she hold Area Coordinator for Macro-economics and Social Affairs position in General Secretariat of the Presidency of the Republic and 1988-1990 she hold Special Assistant for Fiscal Policy Affairs position in the Ministry of Planning. Carla Grasso holds a Master's degree in Economic Policy from the University of Brasilia in Brazil. Mikael Mäkinen, born 1956, Finnish citizen, has been President and CEO of Cargotec Oyj (www.cargotec.com) since 2006. He has extensive international experience from top management positions in Wärtsilä Corporation. Before joining Cargotec, he was Group Vice President, Ship Power 1999-2006, Wärtsilä. He was Managing Director of Wärtsilä NSD Singapore 1997-1998 and Vice President, Marine, Wärtsilä SACM Diesel 1992-1997. Mr. Mäkinen is the Chairman of the Board of Directors of Finpro and member of the Board of Directors of International Chamber of Commerce ICC Finland, Lemminkäinen Corporation and Technology Industries of Finland. He holds a Master's degree in Engineering from Helsinki University of Technology in Finland. An image bank of pictures that may be freely used to illustrate articles about Stora Enso is available at http://bmt.storaenso.com/storaensolink.jsp?imageid=04022010 Please, copy and paste the link into your web browser. For further information, please contact: Keijo Suila, Chairman of the Nomination Committee, tel. +358 2046 21452 Lauri Peltola, Head of Group Communications, tel. +358 2046 21380 Stora Enso is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs 29 000 people worldwide, and our sales in 2008 amounted to EUR 11.0 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 Jari Suvanto Ulla Paajanen-Sainio