omniture

Stora Enso Has Appointed Jouko Karvinen as its New CEO

2006-10-31 17:40 7776

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

Photos of Mr Karvinen are available at

http://bmt.storaenso.com/storaensolink.jsp?imageid=061017 . Please copy the

link into your web browser.

For free broadcast-standard video content about Stora Enso, please log

onto http://www.thenewsmarket.com/storaenso . You can preview and request

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Registration and video is free to the media.

http://www.storaenso.com

http://www.storaenso.com/investors

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

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