SOURCE: Stora Enso Oyj

March 20, 2007 04:16 ET

Pekka Laaksonen is resigning from Stora Enso to become CEO of Valio

HELSINKI, FINLAND -- (MARKET WIRE) -- March 20, 2007 -- Stora Enso Oyj News Release March 20, 2007 at 08.00 GMT

HELSINKI, Finland - Stora Enso (NYSE: SEO) today announced that Pekka Laaksonen, Senior Executive Vice President, Fine Paper and member of the Executive Management Group (EMG), has accepted the position of CEO with Valio Ltd. Valio is the largest dairy company in Finland. Pekka Laaksonen will relinquish his current duties with Stora Enso by 15 August 2007.

His successor will be announced in due course.

For further information, please contact:
Jukka Härmälä, CEO, tel. +358 2046 21404

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