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Tag: stora enso

  • Stora Enso Suspends Operations in Russia

    Stora Enso Suspends Operations in Russia

    Photo: Stora Enso

    Stora Enso will stop all production and sales in Russia until further notice due to the ongoing invasion in Ukraine. Stora Enso has three corrugated packaging plants and two wood products sawmills in Russia, employing around 1,100 people. The company will also stop all export and import to and from Russia. A mitigation plan has been activated to secure availability of input materials from other sources.
     
    “The war in Ukraine is unacceptable, and we are fully behind all sanctions. We will now focus all our attention on supporting our customers and the well-being of our employees,” said Annica Bresky, president and CEO of Stora Enso, in a statement.
     
    Stora Enso’s sales in Russia are approximately 3 percent of total group revenues. The impact on Stora Enso’s sales and earnings before interest and taxes is not material.

  • Board Members Nominated at Stora Enso

    Board Members Nominated at Stora Enso

    Photo: bas121 | Adobe Stock

    Stora Enso’s shareholders’ nomination board will propose nine board members at the company’s annual general meeting (AGM) on March 15, according to a company press release.

    The shareholders’ nomination board proposes that Hakan Buskhe, Elisabeth Fleuriot, Hock Goh, Helena Hedblom, Christiane Kuehne, Antti Makinen, Richard Nilsson and Hans Sohlstrom be reelected members of the board of directors until the end of the following AGM and that Kari Jordan be elected new member of the board of directors for the same term of office.

    The shareholders’ nomination board proposes that Antti Makinen be elected chair and Hakan Buskhe be elected vice chair of the board of directors.

    Mikko Helander announced that he is not available for reelection to the board of directors.