Change in Stora Enso's Group Leadership Team

HELSINKI, Finland, May 27, 2016 -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 27 May 2016 at 9.00 EET

Stora Enso's Executive Vice President & Head of the Consumer Board division, Jari Latvanen, is to leave Stora Enso latest in November 2016 to take up the position of President and CEO at HKScan Corporation, headquartered in Finland.

Jari Latvanen has been employed at Stora Enso since January 2015 in his current position and has during that time been a member of Stora Enso's Group Leadership Team. The recruitment process for his successor is under way.

"Jari has played a leading role in developing the Consumer Board business and has been a valuable member of the Group Leadership Team. I wish Jari all the best, when he now moves on to new challenges," says Stora Enso's CEO Karl-Henrik Sundstrom.
 

For further information, please contact:
Ulrika Lilja, EVP, Communications, tel. +46 72 221 9228

Investor enquiries:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242


Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wooden constructions and paper on global markets. Our aim is to replace fossil based materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 26 000 people in more than 35 countries, and our sales in 2015 were EUR 10.0 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) on the International OTCQX over-the-counter market.

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