Stora Enso appoints Hannu Kasurinen as new head of Wood Products and member of GET
STORA ENSO OYJ STOCK EXCHANGE RELEASE 25 August 2008 at 06.00 GMT
Stora Enso has appointed Hannu Kasurinen as the new head of Stora Enso's Wood
Products Business Area and a member of the Group Executive Team (GET) as of
today. He will report directly to CEO Jouko Karvinen and be based in Helsinki.
Wood Products has, in an exceptionally difficult market situation, performed
poorly since the end of last year and made a loss in the past two quarters.
Until today's appointment, Hannu Kasurinen was responsible for Stora Enso
strategy, and before that he was for two years head of Stora Enso Speciality
Papers with operations in North America and Europe. With a background in finance
and banking, he has previously worked for the Treasury of Enso and was Group
Treasurer of Stora Enso for five years.
The former head of Stora Enso Wood Products since 2003, Peter Kickinger, will
leave Stora Enso by mutual agreement. He will stay in the office until the end
of September 2008 and support Hannu Kasurinen in his new role. Peter has been
with the Group for the past ten years since Stora Enso acquired Holzindustrie
Schweighofer.
Stora Enso Wood Products provides customer-focused solutions to the construction
and joinery industries and the wood products trade worldwide. Stora Enso Wood
Products has annual net sales of EUR 1.8 billion and total annual production
capacity of 7.5 million m3 of sawn wood products, including 3.2 million m3 of
value-added products. Stora Enso Wood Products employs around 5 000 people in 28
mills and in its sales and distribution companies throughout the world.
For further information, please contact:
Elisabet Salander Björklund, EVP, Wood Supply, Pulp Supply and Sustainability,
tel. +46 1046 82751
Hannu Kasurinen, EVP, Wood Products, tel. +358 2046 21222
Keith B. Russell, SVP, Investor Relations, tel. +44 7775 788659
Ulla Paajanen-Sainio, VP, Investor Relations and Financial Communications, tel.
+358 2046 21242
www.storaenso.com
www.storaenso.com/investors
Appended: Hannu Kasurinen's CV
STORA ENSO OYJ
Jyrki Kurkinen Ulla Paajanen-Sainio