18.10.2006: Meldung: Stora Enso has appointed new CEO

Stora Enso"s Board of Directors has appointed Jouko Karvinen, M.Sc. (Eng.), as the new CEO of Stora Enso. He will join the company on 1 January 2007 and will take up the position of CEO following the Annual General Meeting (AGM) on 29 March 2007. Mr Karvinen is currently Chief Executive Officer of Philips Medical Systems Division and a member of the Board of Management of Royal Philips Electronics.

"The Board of Directors is delighted that Jouko Karvinen will be joining Stora Enso as Chief Executive Officer. He will bring global experience, a strong commitment to innovation and a track record of improving profitability in the businesses he has managed," comments Claes Dahlbäck, Chairman of the Stora Enso Board of Directors.

"Jouko has shown he has the capability to lead an organisation to deliver results through acquisitions, operational improvements, innovation and building customer loyalty."

Mr Karvinen, born in 1957, holds a Master of Science degree in Electronics and Industrial Economics from Tampere University of Technology in Finland. He has had a 25-year career in industrial automation and, more recently, healthcare technologies in business-to-business markets.

He joined Royal Philips in 2002 to head its Medical Systems Division following four US acquisitions. The division had revenues of EUR 6.3 billion in 2005. Before joining Philips, he was responsible for the Automation Division of ABB Group Ltd. He served ABB Group in several international positions and was a member of the ABB Group Executive Committee from 2000 to 2002.

"I am thrilled to be joining the forest products industry and one of its leading players, Stora Enso. It is an honour to succeed Jukka Härmälä as CEO. I - together with the Stora Enso team - relish the challenge of continuing to develop Stora Enso and further improve its performance," says Jouko Karvinen.

Jukka Härmälä will leave the position of CEO following the AGM on 29 March 2007. He will continue to undertake special assignments specified by the Board of Directors of Stora Enso until the end of August 2007.

"I offer my best wishes to Jouko in his new role as CEO of Stora Enso. I am happy to be leaving the company in good hands. I am sure the drive for improvement will be maintained under the leadership of the new CEO," comments Jukka Härmälä.

For further information, please contact:
Claes Dahlbäck, Chairman of the Board, tel. +46 8 545 07 744
Jukka Härmälä, Chief Executive Officer, tel. +358 2046 21404
Kari Vainio, Executive Vice President, Corporate Communications, tel. +44 7799 348 197
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