Stora Enso Oyj Stock Exchange Release 17 October 2006 at 10.00 GMT
SHANGHAI, China, Oct. 19 /Xinhua-PRNewswire/ -- Stora Enso’s Board of
Directors has appointed Jouko Karvinen, M.Sc. (Eng.), as the new CEO of Stora
Enso. He will join the company on 1 January 2007 and will take up the
position of CEO following the Annual General Meeting (AGM) on 29 March 2007.
Mr Karvinen is currently Chief Executive Officer of Philips Medical Systems
Division and a member of the Board of Management of Royal Philips
Electronics.
"The Board of Directors is delighted that Jouko Karvinen will be joining
Stora Enso as Chief Executive Officer. He will bring global experience, a
strong commitment to innovation and a track record of improving profitability
in the businesses he has managed," comments Claes Dahlback, Chairman of the
Stora Enso Board of Directors.
"Jouko has shown he has the capability to lead an organisation to deliver
results through acquisitions, operational improvements, innovation and
building customer loyalty."
Mr Karvinen, born in 1957, holds a Master of Science degree in
Electronics
and Industrial Economics from Tampere University of Technology in Finland.
He
has had a 25-year career in industrial automation and, more recently,
healthcare technologies in business-to-business markets.
He joined Royal Philips in 2002 to head its Medical Systems Division
following four US acquisitions. The division had revenues of EUR 6.3 billion
in 2005. Before joining Philips, he was responsible for the Automation
Division of ABB Group Ltd. He served ABB Group in several international
positions and was a member of the ABB Group Executive Committee from 2000 to
2002.
"I am thrilled to be joining the forest products industry and one of its
leading players, Stora Enso. It is an honour to succeed Jukka Harmala as
CEO.
I -- together with the Stora Enso team -- relish the challenge of continuing
to develop Stora Enso and further improve its performance," says Jouko
Karvinen.
Jukka Harmala will leave the position of CEO following the AGM on 29
March
2007. He will continue to undertake special assignments specified by the
Board of Directors of Stora Enso until the end of August 2007.
"I offer my best wishes to Jouko in his new role as CEO of Stora Enso. I
am happy to be leaving the company in good hands. I am sure the drive for
improvement will be maintained under the leadership of the new CEO," comments
Jukka Harmala.
PRESS CONFERENCE IN HELSINKI
You can follow a press conference starting at 13.00 Finnish time
(immediately after publication of this announcement) live on our website at
http://www.storaenso.com/investors .
APPENDIX -- CV of Mr Karvinen
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Jouko Karvinen -- Curriculum Vitae
Personal Data:
Date & Place of Birth: 31 August 1957 in Helsinki, Finland
Marital Status: Married, two children
Summary of Recent Employment:
April 2006 to date:
Chief Executive Officer -- Philips Medical Systems Division
Executive Vice President & member of Board of Management, Royal Philips
Electronics, based in Amsterdam, Netherlands
June 2002-March 2006
Chief Executive Officer -- Philips Medical Systems Division,
Senior Vice President & member of Group Management Committee, Royal
Philips Electronics, based in Boston, Massachusetts, USA
November 2000-May 2002
Executive Vice President -- ABB Group Ltd
Head of Automation Technology Products Division
Member of Group Executive Committee, based in Zurich, Switzerland
September 1998-October 2000
Senior Vice President -- Business Area Automation Power Products, based
in Zurich, Switzerland
1993-September 1998
Vice President -- Business Unit Drives Products & Systems, based in
Zurich, Switzerland
1990-1993
Vice President -- Power Electronics Division of ABB Drives OY Global
AC Drives Feeder Factory and R&D Centre, based in Helsinki, Finland
1988-1990
Profit Centre Manager -- LV AC Drives, based in Helsinki, Finland
1987-1988
Manager Adv. Development Allen-Bradley Stromberg Inc.
A business development role reporting to Joint Venture President, based
in Milwaukee, Wisconsin, USA
1982-1987
Various positions in Stromberg OY’s Traction Business in Project
Management, Sales, Marketing & Commissioning, based in Helsinki,
Finland
Education:
1976-1982
Master of Science in Power Electronics, Applied Electronics & Industrial
Economics at Tampere University of Technology in Finland