Stora Enso Oyj

Stora Enso Oyj

October 17, 2006 06:24 ET

Stora Enso has appointed Jouko Karvinen as its new CEO

Stora Enso Oyj News Release October 17, 2006 at 10.00 GMT

HELSINKI, FINLAND--(CCNMatthews - October 17, 2006) - Stora Enso (NYSE: SEO) today announced that 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.

For further information, please contact:
Claes Dahlback, Chairman of the Board, tel. +46 8 545 07 744
Jukka Harmala, Chief Executive Officer, tel. +358 2046 21404
Tim Laatsch, Senior Vice President, Communications, Stora Enso North
tel. 715 422 4023


You can follow a press conference starting at 13.00 Finnish time (immediately after publication of this announcement) live on our website at

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
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,

Vice President - Power Electronics Division of ABB Drives OY Global
AC Drives Feeder Factory and R&D Centre, based in Helsinki, Finland

Profit Centre Manager - LV AC Drives, based in Helsinki, Finland

Manager Adv. Development Allen-Bradley Stromberg Inc.
A business development role reporting to Joint Venture President, based in
Milwaukee, Wisconsin, USA

Various positions in Stromberg OY's Traction Business in Project
Management, Sales, Marketing & Commissioning, based in Helsinki, Finland


Master of Science in Power Electronics, Applied Electronics & Industrial
Economics at Tampere University of Technology in Finland

Contact Information

  • Claes Dahlbäck
    Chairman of the Board
    tel. +46 8 545 07 744
    Jukka Härmälä
    Chief Executive Officer
    tel. +358 2046 21404
    Tim Laatsch
    Senior Vice President
    Stora Enso North America,
    tel. 715 422 4023