Stora Enso has appointed Jari Suominen as EVP, Head of Forest division as of 1 January 2020. He will continue as a member of the Group Leadership Team.

Stora Enso has completed the divestment announced on 25 July 2019 of its 60% equity stake in the Dawang Mill in China to its joint venture partner, Shandong Huatai Paper.

The transaction will not have any material impact on Stora Enso's operational EBIT. Following the transaction, Stora Enso's net debt will decrease by approximately EUR 22 million and annual sales by approximately EUR 60 million.

After this transaction, Stora Enso has no paper production in China.

During the 1-30 September 2019 conversion period there was one conversion and a total of 1 000 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 October 2019, and trading in the new R shares will start on 16 October 2019.
Breakdown of shares after conversion:

A shares 176 257 064
R shares 612 362 923
Total 788 619 987

Stora Enso's Board of Directors has appointed Annica Bresky, 44, as the new President and CEO of the company as of 1 December 2019. Until then, Stora Enso's current CEO Karl-Henrik Sundström continues in his position. Bresky is currently Head of Stora Enso's Consumer Board division.
"We are very happy to welcome Annica Bresky into her new position. Annica brings extensive experience of our industry and has a solid business background. We consider her the most suitable person to continue developing Stora Enso's strategy and businesses.