- STORA ENSO OYJ STOCK EXCHANGE RELEASE
HELSINKI, Dec. 4, 2019 /PRNewswire/ -- Stora Enso has
appointed Jari Suominen as EVP, Head
of Forest division as of 1 January
2020. He will continue as a member of the Group Leadership
Team.
Jari Suominen has led
Stora Enso's Wood Products division since 2014. He has held several
leadership positions in Stora Enso's paper and wood products
businesses since 1995. The search for a new divisional head for
Wood Products will be initiated. Seppo
Toikka, currently Head of Strategy and Business
Controlling in Wood Products, is taking on the role as acting Head
of the division as of 1 January
2020.
Stora Enso announced in September
2019 that it would create a new Forest division and start
reporting it separately at the beginning of 2020. The new division
is formed to drive value creation through our sustainable and
efficient forest management and increase the transparency of the
Group's forest assets. As a major player in the bioeconomy, access
to wood fibre is a critical competitive advantage for Stora Enso to
drive its future innovation portfolio. Wood is also the single most
important raw material and the largest share of the Group's costs,
as well as a large part of its balance sheet.
"Stora Enso has the highest value of biological assets among Nordic
companies and we are the second largest private forest owner in the
world. With our new Forest division, we see a fantastic opportunity
to deliver value to our shareholders. I am very pleased to announce
the appointment of Jari Suominen as
the head of our new division. He has proven to be a solid change
leader, a quality needed now that we are focusing also on forest
management. In addition, as head of our Wood Products business,
Jari comes from the customer side for our wood supply, so I am
convinced that he has the best capabilities to develop our forest
and wood supply operations," says Stora Enso President and CEO
Annica Bresky.
"Sustainable forest management and efficient wood supply are at the
core of Stora Enso's operations. Being in control of our raw
material secures continuous innovation of sustainable products.
This in turn drives substitution of fossil-based alternatives. I am
very excited to take on this new role and develop our forest
operations into the future together with a very skilful team," says
Jari Suominen.
Part of the bioeconomy, Stora Enso is a leading global provider of
renewable solutions in packaging, biomaterials, wooden
constructions and paper. We believe that everything that is made
from fossil-based materials today can be made from a tree tomorrow.
Stora Enso has some 26 000 employees in over 30 countries. Our
sales in 2018 were EUR 10.5 billion.
Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and
Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded
in the USA as ADRs (SEOAY).
storaenso.com
STORA ENSO OYJ
For further information, please
contact:
Ulrika
Lilja
EVP, Communications
Tel. +46-72-221-9228
Investor enquiries:
Ulla Paajanen
SVP, Investor Relations
Tel. +358-40-763-8767
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The following files are available for download:
https://news.cision.com/stora-enso-oyj/i/forest,c2724063
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Forest
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https://news.cision.com/stora-enso-oyj/i/jari-suominen,c2724064
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Jari
Suominen
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