New member to join Stora Enso's Board of
STORA ENSO OYJ Stock Exchange Release 6 February 2003 at 14.00
New member to join Stora Enso's Board of Directors Shareholders representing more than 50 per cent of the votes in Stora Enso Oyj have confirmed that they will propose to the Annual General Meeting (AGM) to be held on 20 March 2003 that Barbara Kux be elected as a new member of the Board of Directors. They also propose that Krister Ahlström, Claes Dahlbäck, Harald Einsmann, Björn Hägglund, Jukka Härmälä, George W. Mead, Ilkka Niemi, Paavo Pitkänen, Jan Sjöqvist and Marcus Wallenberg, who are currently members of the Board, be re- elected, all to continue in their office until the end of the following AGM. Swiss-born Mrs. Kux, an executive director at Ford Motor Company in Germany, has extensive experience of top management positions. She held executive positions in Switzerland at Nestlé and ABB overseeing manufacturing, sales, distribution and service operations in European countries before joining Ford. Her background includes a Master of Business Administration degree from INSEAD, and several years as a McKinsey & Co consultant in Germany. Barbara Kux is also a non-executive director of Hero, a listed Swiss food company, and INSEAD. Commenting on her new challenge, Barbara Kux says, "Stora Enso has established a strong international market position. I look forward to contributing to its further development in revenues and profitability under challenging global business conditions". Josef Ackermann, a member of Stora Enso's Board since 1998, is not seeking re-election because of his additional tasks and responsibilities on becoming Chairman of the Group Executive Committee and Spokesman of the Board of Managing Directors at Deutsche Bank AG. For further information, please contact: Claes Dahlbäck, Chairman, tel. +46 8 614 2000 Jukka Härmälä, CEO, tel. +358 2046 21404 Jyrki Kurkinen, General Counsel, tel. +358 2046 21217 Kari Vainio, Executive Vice President, Corporate Communications, tel. +44 77 9934 8197 www.storaenso.com www.storaenso.com/investors An image bank of pictures that may be freely used to illustrate articles about Stora Enso is available at http://www.storaenso.com/images Direct link to selected picture: http://www.storaenso.com/pressimage.asp?ID=BKux STORA ENSO OYJ p.p. Jussi Siitonen Pauli Mäkimaa