Stora Enso, Helsinki, has to find a new CEO: 56-year-old Jouko Karvinen will resign from his position after seven years as CEO. This bit of news was communicated yesterday along with the publication of the quarterly figures. In a press release, the supervisory board expresses its regret over Karvinen’s decision. The Finn will act as Stora Enso’s CEO until a successor is found. Reasons were not given.
In the same breath Karvinen presents a restructured group. A 200 million savings program was implemented three months ahead of schedule. The long postponed commissioning of the pulp mill of Montes des Plata is imminent now. The 1.4 billion plant should actually have been put into operation already a year ago. But that will soon be the concern of the new CEO.
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