Tuesday, January 17, 2012

Stora Enso Reorganizes Business Areas and Reporting Segment Structure

Stora Enso to reorganize its Business Area structure

Stora Enso is realigning its business as follows: the paper reporting segments Newsprint and Book Paper, Magazine Paper and Fine Paper will be combined into Printing and Reading, headed by EVP Juha Vanhainen.  Consumer Board and Industrial Packaging will become the Renewable Packaging Business Area and Reporting Segment headed by EVP Mats Nordlander.  A new business unit composed of pulp mills and wood plantations is called Biomaterials and headed by EVP Juan Bueno.  Lastly, the Wood Products Business had been renamed Building and Living and will be headed by EVP Hannu Kasurinen.