Stora Enso introduces new organisational structure for Renewable Packaging and appoints new member to the Group Leadership Team
STORA ENSO OYJ STOCK EXCHANGE RELEASE 18 December 2014 at 9.00 EET
The Renewable Packaging Division will be split into two divisions: Consumer Board and Packaging Solutions. Both new divisions will become separate reporting segments from 1 January 2015.
Stora Enso appoints Jari Latvanen as EVP, Head of Consumer Board and as a member of the Group Leadership Team as of 1 January 2015. Jari Latvanen is a Finnish citizen and has held several leadership positions within the food industry. Since 2010 he has worked as CEO for Findus Nordic operations. Before that, Jari has made a long international career within Nestlé group.
“Jari Latvanen has a long and relevant experience from working with strong brands and corporate strategies. I am convinced that he will be a valuable contribution to the team and strengthen our customer focus even further,” says Stora Enso CEO Karl-Henrik Sundström.
Hannu Alalauri, currently SVP Packaging Solutions Stora Enso, is appointed as acting Head of Packaging Solutions.
The new structure in the packaging business is a further step towards strengthening Stora Enso’s focus on customers, business performance and growth. It will also mean greater transparency in financial reporting.
Division names
The following names for the product divisions will become effective as of 1 January 2015:
| Current name | New name |
| Printing and Reading | Paper |
| Building and Living | Wood Products |
| Biomaterials | Biomaterials |
| Renewable Packaging | - |
| - | Consumer Board |
| - | Packaging Solutions |
Photo of Jari Latvanen is available at: http://bmt.storaenso.com/?cart=938-ggbfkcklif&l=EN
For further information, please contact:
Ulrika Lilja, Executive Vice President Communications, tel. +46 72 221 9228
www.storaenso.com
www.storaenso.com/investors
Stora Enso is the global rethinker of the paper, biomaterials, wood products and packaging industry. We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Enso employs some 29 000 people worldwide, and our sales in 2013 amounted to EUR 10.6 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
For further information, please contact:
Ulrika Lilja
Executive Vice President Communications
tel. +46 72 221 9228