Jouko Karvinen decides to leave his position as CEO

HELSINKI, Finland, April 23, 2014 (GLOBE NEWSWIRE) -- Stora Enso Chief Executive Officer Jouko Karvinen has expressed a desire to leave his position after heading the Company for seven years.

"Jouko Karvinen initiated discussions with the Board of Directors late last year about his wish to retire from the Company during 2014. The Board regrets his decision and Jouko Karvinen will continue as CEO until a successor is found," says Stora Enso Chairman Gunnar Brock.

For further information, please contact:
Gunnar Brock, Chairman of the Board of Directors, tel. +358 2046 21210
Lauri Peltola, EVP, Global Identity, tel. +358 50 570 5606

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.


Source:Stora Enso Oyj