HELSINKI, Finland, Oct. 15, 2014 (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 15 October 2014 at 9.00 EET
Stora Enso's Annual General Meeting (AGM) on 23 April 2014 decided to appoint a Nomination Board to prepare proposals concerning (a) the number of members of the Board of Directors, (b) the members of the Board of Directors, (c) the remuneration for the Chairman, Vice Chairman and members of the Board of Directors and (d) the remuneration for the Chairman and members of the committees of the Board of Directors. The Nomination Board shall consist of four members: the Chairman of the Board of Directors, the Vice Chairman of the Board of Directors and two other members appointed by the two largest shareholders (one each) as of 30 September 2014.
According to the register of shareholders, Stora Enso's two largest shareholders on 30 September 2014 were Solidium Oy and Foundation Asset Management (FAM).
Stora Enso's Nomination Board has been appointed. The composition of the Nomination Board is as follows: Gunnar Brock (Chairman of the Board of Directors of Stora Enso), Juha Rantanen (Vice Chairman of the Board of Directors of Stora Enso), Pekka Ala-Pietila (Chairman of the Board of Directors of Solidium), and Marcus Wallenberg (Chairman of the Board of Directors of Foundation Asset Management). Pekka Ala-Pietila is the Chairman of the Nomination Board.
For further information, please contact:
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 40 763 8767
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