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Stora Enso Makes Management Appointments

Monday, August 20, 2001

Press release from the issuing company

HELSINKI, Finland, Aug. 17 - Stora Enso today announced that Mr Kimmo Kalela, Senior Executive Vice President, Strategy and Business Development, and Mr Jouko Taukojarvi, Senior Executive Vice President, Fine Paper, will retire at the end of 2001 in accordance with their employment agreements. At its meeting on August 16, 2001 the Stora Enso Board appointed the following as their successors: Mr Kimmo Kalela's responsibilities will be divided. Mr Pekka Laaksonen, Senior Executive Vice President, Packaging Boards, will in addition to his current duties become responsible for Stora Enso's operations in Finland, and Mr Magnus Diesen will become Executive Vice President, Strategy and Business Development. He will report to Chief Executive Officer Jukka Harmala. Mr Nils Grafstrom will become Executive Vice President, Market Service & IT, responsible for Corporate Marketing and Sales, as already announced. Mr Jussi Huttunen, Managing Director of Stora Enso's UK sales office, will succeed Mr Jouko Taukojarvi as Senior Executive Vice President, Fine Paper, and become a member of the Executive Management Group. He will be based in London and report to Deputy Chief Executive Officer Bjorn Hagglund. In addition, Mr Arno Pelkonen, Executive Vice President, Timber Products, was appointed as a member of the Executive Management Group with immediate effect. Stora Enso is an integrated forest products company producing magazine papers, newsprint, fine papers and packaging boards, areas in which the Group is a global market leader. Stora Enso also conducts extensive sawmilling operations. Stora Enso's sales total EUR 13 billion and annual paper and board production capacity about 15 million tonnes. Some 45,000 persons are employed in more than 40 countries and the company's shares are listed in Helsinki, New York and Stockholm.




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