Stora Enso names Gunnar Brock as new Chairman

   Moscow. Feb 04, 2010. /Lesprom Network/. The Board of Directors, Stora Enso's Nomination Committee proposes that the Board of Directors shall have eight members, the company said in a statement received by Lesprom Network.

The Nomination Committee proposes also that of the current members of the Board of Directors, Gunnar Brock, Birgitta Kantola, Juha Rantanen, Hans Stråberg, Matti Vuoria and Marcus Wallenberg be re-elected members of the Board of Directors until the end of the following AGM and that Carla Grasso and Mikael Mäkinen be elected new members of the Board of Directors for the same term of office. Claes Dahlbäck, Dominique Hériard Dubreuil and Ilkka Niemi were not seeking re-election.

Carla Grasso is currently the Executive Director of HR and Corporate Services of the mining company Vale S.A. She holds a Master's degree in Economic Policy from the University of Brasilia in Brazil.

Mikael Mäkinen is currently President and CEO of Cargotec Oyj. He holds a Master's degree in Engineering from Helsinki University of Technology in Finland.

The Board of Directors informs that if the above mentioned persons are elected members of the Board of Directors, Gunnar Brock will be nominated as Chairman and Juha Rantanen as Vice Chairman of the Board of Directors as also recommended by the Nomination Committee.

“Stora Enso is becoming a stronger company after decisive proactive efforts in the last few years to tackle raw material pricing and availability challenges, dramatic drop in paper demand, structural problems and a global recession. We owe great thanks to the outgoing members of the Board of Directors, especially Claes Dahlbäck, Chairman of the Board for twelve years, for their dedicated work for the company. We believe the proposed new members of the Board will add relevant experience and talent that will help further strengthen the company going forward,” says Keijo Suila, Chairman of the Nomination Committee.

The Nomination Committee has consisted of the following members: Keijo Suila (appointed by shareholder Solidium), Claes Dahlbäck (Chairman of the Board of Directors), Ilkka Niemi (Vice Chairman of the Board of Directors) and Marcus Wallenberg (appointed by shareholder FAM).

Additional information: Stora Enso Oyj