Stora Enso CEO Jouko Karvinen and the new Stora Enso CEO as of 1 August Karl-Henrik Sundstrom comment on the second quarter o...
21 Luglio 2014 - 12:03PM
Jouko Karvinen, Stora Enso CEO until 31 July 2014, comments: "The
second quarter came out at the high end of our expectations,
essentially driven by the better than expected performance of
Renewable Packaging and by the Company's 22% overachievement of the
EUR 200 million annual structural cost reduction target. Those
achievements combined with the significant improvements in earnings
in Printing and Reading and in Building and Living are yet another
proof point of the resilience and fighting spirit of the Stora Enso
people. As regards Biomaterials, I am happy to see that the ramp-up
of Montes del Plata is at, if not beyond, the industry standards.
As this is my last quarterly report after seven years at the helm
of the Company, I also want to say a sincere thank you to all our
stakeholders for the seven challenging but also rewarding years. So
much more remains to be done, but I am confident the same strong
interest and support that I have experienced will continue for
Stora Enso and its new CEO Karl-Henrik Sundstrom in transforming
Stora Enso into a global renewable materials company. Finally let
me say that I am very happy to hand over the CEO role to
Karl-Henrik Sundstrom. In his two years with the Company he has
demonstrated business acumen, strategic thinking and people focus.
I am confident that with the great people of Stora Enso, he will do
well on the journey to the future." Karl-Henrik Sundstrom, Stora
Enso CEO from 1 August 2014: "I am very honoured to have been
trusted to lead Stora Enso. It is exciting to continue on the
chosen path and build the future of the Company together with our
competent and committed employees. One of my short-term priorities
is to build a winning team which can take us forward. Due to the
strategic importance of sustainability issues, I will also put more
resources into the corporate responsibility area. Currently, I am
deepening my knowledge of Stora Enso's packaging and biomaterials
offering, as this business is partly new to me. Stora Enso's
transformation into a company with increased customer focus goes
on. We will continue to deliver value through the Montes del Plata
Pulp Mill in Uruguay and our consumer board machine investment in
Guangxi, China. The acquisition of the biotechnology company Virdia
and the conversion of the Varkaus Mill fine paper machine in
Finland to produce virgin-fibre-based containerboard are yet
further examples. It is all about winning, together with our
customers, today and tomorrow."
For further information,
please contact: Jouko Karvinen, CEO until 31 July 2014,
tel. +358 2046 21410 Karl-Henrik Sundstrom, CEO as of 1 August
2014, tel. +46 1046 71660 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
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