1. Stora Enso's Nomination Board establishes proposals for Board elections. 2. Largest shareholders include Solidium Oy and FAM AB. 3. Marcus Wallenberg is elected as Chair of the Nomination Board. 4. Stora Enso focuses on renewable products and had EUR 9 billion sales. 5. Shares are traded as SEOAY, SEOFF, SEOJF in the U.S.
The establishment of a Nomination Board is routine but shows governance stability. Similar past announcements had minimal price fluctuations.
While governance changes are important, direct financial implications are limited in the immediate term.
Impact is likely limited to upcoming shareholder meetings, affecting short-term governance perception.
STORA ENSO OYJ STOCK EXCHANGE RELEASE 5 September 2025 at 14:00 EEST
HELSINKI, Sept. 5, 2025 /PRNewswire/ -- The Stora Enso Shareholders' Nomination Board has been established to exist until otherwise decided. The Shareholders' Nomination Board annually prepares proposals for Stora Enso Oyj's Annual General Meeting concerning the election and remuneration of members of the Stora Enso Board of Directors and Board committees, as well as the appointments of the Chair and the Vice Chair of the Board of Directors. The Shareholders' Nomination Board consists of the Chair of Stora Enso's Board of Directors, the Vice Chair of the Board of Directors, and two members appointed by the two largest shareholders (one each) as of 31 August each year.
Stora Enso's two largest shareholders on 31 August 2025 were Solidium Oy and FAM AB.
The Shareholders' Nomination Board has been appointed and consists of the following members: Kari Jordan (Chair of Stora Enso's Board of Directors), Håkan Buskhe (Vice Chair of Stora Enso's Board of Directors), Jouko Karvinen (Chair of the Board of Directors of Solidium Oy), and Marcus Wallenberg (Chair of the Board of Directors of FAM AB).
The Shareholders' Nomination Board has elected Marcus Wallenberg as its Chair.
For further information, please contact:
Carl Norell
SVP Corporate Communications
tel. +46 72 241 0349
Investor enquiries:
Jutta Mikkola
SVP Investor Relations
tel. +358 50 544 6061
The forest is at the heart of Stora Enso, and we believe that everything made from fossil-based materials today can be made from a tree tomorrow. We are the leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world. Stora Enso has approximately 19,000 employees and our sales in 2024 were EUR 9 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA on OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors
STORA ENSO OYJ
For further information, please contact:
Carl Norell
SVP Corporate Communications
tel. +46 72 241 0349
Investor enquiries:
Jutta Mikkola
SVP Investor Relations
tel. +358 50 544 6061
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SOURCE Stora Enso Oyj