Stora Enso appoints two new members to the Group Leadership Team

HELSINKI, Finland, March 6, 2015 (GLOBE NEWSWIRE) -- STORA ENSO OYJ STOCK EXCHANGE RELEASE 6 March 2015 at 9.00 EET Stora Enso has appointed Gilles van Nieuwenhuyzen as Executive Vice President of the Packaging Solutions division and Markus Mannstrom as Chief Technology Officer (CTO) to head up the new Group Technology function. They will be members of the Group Leadership Team, with the appointments being effective as of 16 March 2015. Gilles van Nieuwenhuyzen is a Dutch citizen with extensive global business leadership experience in several industries, including food ingredients, biotechnology, chemicals and polymers. Most recently, since 2010, he has been working as President of the Enablers division at DuPont Nutrition & Health (formerly Danisco), based in Denmark. Previously, he worked in senior management positions at among others the Dutch food ingredients group CSM (now Corbion), Rexam (in coated films and papers), and DSM (in chemicals and polymers). Earlier, he worked at McKinsey & Company. He holds an MSc degree in Applied Physics and an MBA from INSEAD. Gilles van Nieuwenhuyzen will be based in Stockholm. Markus Mannstrom is a Finnish citizen who has been at Stora Enso since 2001, working on several large investment and R&D projects, most recently as General Manager of Stora Enso's Guangxi project in China. Prior to this, he held the position of SVP, Investments and Operations in Stora Enso's Renewable Packaging division, where he also bore responsibility for R&D. From 2006 to 2009, he was responsible for Stora Enso's investment processes, including fund allocation, project development and steering projects in progress. From 2001 to 2005, he was involved in two major paper machine investment projects. Markus Mannstrom will head up the new Group Technology function, which will be responsible for coordinating Stora Enso's R&D and innovation agendas, managing the Group's investment processes, and leading Energy Services. He has an MSc degree in Paper Technology and is based in Helsinki. "It is a great pleasure to welcome Gilles van Nieuwenhuyzen and Markus Mannstrom to the Stora Enso team. Throughout his career, Gilles has demonstrated a strong track record of accelerating growth through business development and market-oriented innovation. This is the type of experience we need to transform Stora Enso into a renewable materials growth company. Markus' solid background in technology, investments and R&D is a valuable addition to our team. I am also pleased that we are able to nominate a current Stora Enso leader to this new key position," says Stora Enso's CEO, Karl-Henrik Sundstrom. "I would like to thank Hannu Alalauri, who has been leading the Packaging Solutions division, for his strong contribution in developing our innovative fibre-based packaging. Hannu has had a long career in our paper and packaging businesses holding several key leadership positions and has been a valued member of our team. He has decided to look for opportunities outside Stora Enso," says Sundstrom. Photos of Gilles van Nieuwenhuyzen and Markus Mannstrom are available at: http://bmt.storaenso.com/?cart=1030-biffljcejg&l=EN

For further information, please contact: Ulrika Lilja, EVP Global Communications, tel. +46 1046 71668

www.storaenso.com www.storaenso.com/investors Stora Enso is a leading provider of renewable solutions in packaging, biomaterials, wood and paper on global markets. Our aim is to replace non-renewable materials by innovating and developing new products and services based on wood and other renewable materials. We employ some 27 000 people in more than 35 countries, and our sales in 2014 were EUR 10.2 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) on the International OTCQX over-the-counter market. STORA ENSO OYJ

You May Also Be Interested In

• Curio Digital Therapeutics Inc. Announces the U.S. Food and Drug Administration (FDA) Clearance of MamaLift Plus™, the First Prescription Digital Therapeutic Authorized for the Treatment of Postpart
• Cantaloupe, Inc. to Report Third Quarter Fiscal Year 2024 Results on May 9, 2024
• Atlantic Canada’s airport security screeners take job action over GardaWorld’s non-payment of wages