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Stora Enso Reorganises its Functions

Press release from the issuing company

HELSINKI, Finland, February 2 -- Stora Enso today announced that Stora Enso has revised its organisation and manning following the retirement of Yngve Stade, Senior Executive Vice President, Corporate Support and Country Manager Sweden, and the resignation of Arno Pelkonen, Senior Executive Vice President, Corporate Strategy and Emerging Markets. The following changes have taken effect from 1 February 2006. Finance and Strategy Strategy, Mergers & Acquisitions, Business Intelligence, Investments and Corporate Affairs will be merged with Finance, Accounting, Legal and IR. The new staff function, Finance and Strategy, will be headed by Hannu Ryopponen, CFO. Latin America The Latin America division, headed by Nils Grafstrom, Executive Vice President, Latin America, will report to Jukka Harmala, CEO. The following changes will take effect from 1 April 2006. Corporate Technology and Asia Pacific A new staff function, Corporate Technology and Asia Pacific, will be formed. It will be responsible for Energy Services, Corporate R&D, the Pulp Competence Centre, Asia Pacific and Russia. It will be headed by Markku Pentikainen, currently Executive Vice President, Asia Pacific, and he will report to Jukka Harmala, CEO. Corporate Services Corporate Services will include Corporate IT, HR, Business Excellence and Procurement and it will be headed by Christer Agren, currently Senior Executive Vice President, Corporate IT, HR and Business Excellence. As already announced, Christer Agren has been appointed Country Manager Sweden with effect from the same date. Forest Products Environment services will start reporting to Elisabet Salander Bjorklund, Senior Executive Vice President, Stora Enso Forest Products.

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