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Stora Enso Appoints Karl-Henrik Sundstrom as New CEO

HELSINKI, Finland, June 30, 2014 (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 30 June 2014 at 09.00 EET

Stora Enso's Board of Directors has appointed Karl-Henrik Sundstrom, 54, as the new CEO of the Company as of 1 August 2014. He is currently Executive Vice President and Head of the Printing and Living Division of Stora Enso.

"Karl-Henrik Sundstrom has wide global experience in manufacturing industry and a solid background in financial management. As an internal choice, he brings continuity to the management of the Company and to the strategic path the Company has chosen," says Chairman of the Board of Directors Gunnar Brock.

"During my two years with Stora Enso I have got to know a company with a strong market position and great potential. I am looking forward to continuing to build the future of Stora Enso together with the whole team of competent and committed employees around the world," says the new CEO Karl-Henrik Sundstrom.

For further information, please contact:

Karl-Henrik Sundstrom, EVP, Printing and Living, +46 1046 71661

Lauri Peltola, EVP, Global Identity, +358 2046 21380

PRESS CONFERENCE IN HELSINKI

Chairman of the Board of Directors Gunnar Brock will host a press conference today at 10.00 EET (09.00 CET, 08.00 UK time) in Helsinki together with Karl-Henrik Sundstrom. The conference will be held in English and webcast live at www.storaenso.com.

Venue: Stora Enso Head Office, Kanavaranta 1, Helsinki.

Photos of Karl-Henrik Sundstrom are available at http://bmt.storaenso.com/?cart=765-mdddhiakbj&l=EN.

Please copy the link into your web browser.

CV - KARL-HENRIK SUNDSTROM

EDUCATION

1985 BSc Business Administration, Finance and Accounting, Uppsala University, Sweden

PROFESSIONAL EXPERIENCE

Stora Enso

2013-2014 EVP Printing and Living (since 1 July 2013)

2012-2013 CFO (since 1 August 2012)

NXP

2008-2012 EVP & CFO - NXP Semiconductors, the Netherlands

ERICSSON AB

2003-2008 EVP & CFO Global

2002-2003 VP & Head of Ericsson Global Services, Sweden

1999-2002 Managing Director, Australia

1997-1999 Corporate Treasurer and SVP, Sweden

1992-1997 Business Area Controller, Public Telecommunications

1991-1992 Controller, MU Americas, Asia & Africa, Sweden

1988-1991 Finance Director & Controller, Compania Argentina de Telefonos, Argentina

1985-1988 Various positions within finance, Sweden

NON-EXECUTIVE ROLES

2009-present SWEDBANK

Board Member Sweden

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

Source:Stora Enso Oyj