HELSINKI, Finland, Aug. 29, 2014 (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 29 August 2014 at 9.00 EET
Stora Enso is dividing the current Printing and Living Division into two separate Divisions in line with the existing segment reporting: Printing and Reading, and Building and Living. To further strengthen the focus on communication and responsibility, the current Global Identity function will be split into two entities: Global Communications and Global Responsibility.
As a result of these changes, Stora Enso's Group Leadership Team (GLT) will have four new members as of 1 September 2014. Kati ter Horst, currently Head of Sales for Printing and Reading, has been appointed Executive Vice President, Head of the Printing and Reading Division. Jari Suominen will continue to lead the Building and Living business, but now as Executive Vice President of a separate Division.
Ulrika Lilja, currently Head of Communications for the Printing and Living Division, has been appointed Executive Vice President, Global Communications. Terhi Koipijarvi will take on the role of acting Executive Vice President, Global Responsibility and will be an acting member of the GLT.
"I am delighted to be appointing the first new members of the Group Leadership Team. During the past two years I have worked with each of them and found them to be extremely competent and team-spirited managers. The fact that all the new GLT members are internal candidates brings continuity and consistency to the changes," says Stora Enso CEO Karl-Henrik Sundstrom.
Lauri Peltola, Executive Vice President, Global Identity, will in due course seek new challenges outside of Stora Enso. For now he will continue to work as Country Senior Executive for Finland and Public Affairs Advisor to the CEO.
"Lauri has played an important role in the development of Stora Enso's communications and branding, and has strongly contributed to the implementation of several strategic initiatives. As he will in due course move on, I wish him all the best in his future career," says Stora Enso CEOKarl-Henrik Sundstrom.
For further information, please contact:
Karl-Henrik Sundstrom, CEO, +46 1046 71660
Lauri Peltola, EVP Global Identity, +358 2046 21380
Photos of the new Group Leadership Team members are available at
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