Stora Enso Announces Change in Group Leadership Team

June 23, 2022 - Stora Enso announced that Kati ter Horst, Executive Vice President, Paper Division and a member of the Group Leadership Team, has decided to leave the company as of 1 July 2022 to pursue other opportunities.

ter Horst joined Stora Enso in 1996 and has been leading the company's Paper division since 2014.

"As a highly valued member of our Group Leadership Team, Kati has been instrumental in driving Stora Enso's transformation journey into a renewable materials company by contributing to strategy development," said Annica Bresky, President and CEO of Stora Enso. "She has showed strong leadership and has played a key role in the extensive restructuring process of our paper business. I want to express my gratitude to Kati for her significant contributions to Stora Enso, while wishing her all the best in her future endeavours."

Stora Enso's CFO, Seppo Parvi, will assume acting responsibility for the Paper division in addition to his other duties.

Stora Enso announced in March this year that it was initiating a sales process for possible divestment of four of its five paper production sites. The process is ongoing. Stora Enso has started a feasibility study at its paper production site in Langerbrugge, Belgium, for the conversion of one of the two paper lines into a high-volume recycled containerboard line.

Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden constructions and paper. The company has some 23,000 employees and sales in 2020 were EUR 8.6 billion. To learn more, visit: www.storaenso.com.

SOURCE: Stora Enso