Elisabet Salander Björklund appointed as new CEO of Bergvik Skog AB
STORA ENSO OYJ STOCK EXCHANGE RELEASE 3 May 2010 at 11.00 GMT
Stora Enso Executive Vice President Elisabet Salander Björklund, M.Sc. (For.), has been appointed CEO of Bergvik Skog AB as of 1 September 2010. Bergvik Skog is one of the biggest forest-owning private companies in Europe and is owned by Stora Enso, Korsnäs, several institutions, pension funds and some private owners. In Stora Enso Elisabet Salander Björklund has most recently been responsible for Wood Supply, HR and Sustainability, regionally responsible for Latin America and Country Manager for Sweden. She has been a member of the Stora Enso Group Executive Team since 2005 and the extended management team since 2003. Bergvik has 1.9 million hectares of productive forest land in Sweden and 35 000 hectares in Latvia. Company has an annual harvesting volume of about 7 million cubic metres. Bergvik owns three nurseries with annual production of 52 million seedlings. When Bergvik Skog AB was founded, it acquired all the forest land previously owned by Stora Enso and Korsnäs in Sweden. “Elisabet Salander Björklund has in recent years been responsible for many different areas in Stora Enso Executive Management. Among others, apart from her current duties, I would like to highlight Stora Enso Wood Products and Pulp Supply. She has been an active and valuable member in the team. However, with her education and background, the opportunity to become the CEO of Bergvik is naturally a tempting one and I understand her choice. I would like to thank her for excellent work in Stora Enso and wish her the best of luck in the new position,” says Stora Enso CEO Jouko Karvinen. Elisabet Salander Björklund's responsibilities are being divided with effect from 4 May 2010 as follows: regional responsibility for Latin America headed by President, Stora Enso Latin America Nils Grafström will be taken over by CEO Jouko Karvinen and her role as Country Manager Sweden will be taken over by Executive Vice President Mats Nordlander in addition to his current duties as Head of Packaging and Asia Pacific. The Sustainability function headed by Senior Vice President Eija Pitkänen will report to Head of Communications, Senior Vice President Lauri Peltola and the Wood Supply function headed by Senior Vice President Johan Lindman will report to EVP Mats Nordlander. Elisabet Salander Björklund will continue to lead Group HR until a new Group HR Director is appointed. For further information, please contact: Elisabet Salander Björklund, EVP, tel. +46 70 578 2751 Jonas Nordlund, Communications Director, Sweden, tel. +46 1046 82763 www.storaenso.com www.storaenso.com/investors Stora Enso is a global paper, packaging and wood products company producing newsprint and book paper, magazine paper, fine paper, consumer board, industrial packaging and wood products. The Group 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 some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 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