HELSINKI, Finland, Feb. 5, 2013 (GLOBE NEWSWIRE) -- Stora Enso and Hannu Kasurinen, who has led the Building and Living Business Area for almost five years, have agreed that Kasurinen will leave his role as Business Area head once a successor has been appointed. In the meanwhile, he is fully committed to supporting the potential implementation of the plans announced today together with his management team.
"Hannu has brought the Building and Living Business Area to a new level of business focus, costs and speed. After almost five challenging years in his role, I have now agreed with Hannu that this is the time for a leadership change to develop the business further," says Stora Enso CEO Jouko Karvinen.
"It's been an exciting journey leading the Building and Living business through very challenging times and I am proud of my team, which has delivered real improvements in a tough operating environment. Now I will focus on planning and implementation of the new programme announced today before handing over to my successor and then seeking new challenges either within or outside Stora Enso," says Hannu Kasurinen, EVP, head of the Building and Living Business Area.
For further information, please contact:
Jouko Karvinen, CEO, tel. +358 2046 21410
Karl-Henrik Sundström, CFO, tel. +46 1046 71660
Lauri Peltola, EVP, Global Identity, tel. +358 2046 21380
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
Stora Enso is the global rethinker of the paper, biomaterials, wood product 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 30 000 people worldwide, and our sales in 2011 amounted to EUR 11.0 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