Business News

Elisabet Salander Björklund appointed as new CEO of Bergvik Skog AB

Monday 03. May 2010 - Stora Enso Executive Vice President Elisabet Salander Björklund, M.Sc. (For.), has been appointed CEO of Bergvik Skog AB as of 1 September 2010. Bergvik Skog is one of the biggest forest-owning private companies in Europe and is owned by Stora Enso, Korsnäs, several institutions, pension funds and some private owners.

In Stora Enso Elisabet Salander Björklund has most recently been responsible for
Wood Supply, HR and Sustainability, regionally responsible for Latin America and
Country Manager for Sweden. She has been a member of the Stora Enso Group
Executive Team since 2005 and the extended management team since 2003.

Bergvik has 1.9 million hectares of productive forest land in Sweden and 35 000
hectares in Latvia. Company has an annual harvesting volume of about 7 million
cubic metres. Bergvik owns three nurseries with annual production of 52 million
seedlings. When Bergvik Skog AB was founded, it acquired all the forest land
previously owned by Stora Enso and Korsnäs in Sweden.

“Elisabet Salander Björklund has in recent years been responsible for many
different areas in Stora Enso Executive Management. Among others, apart from her
current duties, I would like to highlight Stora Enso Wood Products and Pulp
Supply. She has been an active and valuable member in the team. However, with
her education and background, the opportunity to become the CEO of Bergvik is
naturally a tempting one and I understand her choice. I would like to thank her
for excellent work in Stora Enso and wish her the best of luck in the new
position,” says Stora Enso CEO Jouko Karvinen.

Elisabet Salander Björklund’s responsibilities are being divided with effect
from 4 May 2010 as follows: regional responsibility for Latin America headed by
President, Stora Enso Latin America Nils Grafström will be taken over by CEO
Jouko Karvinen and her role as Country Manager Sweden will be taken over by
Executive Vice President Mats Nordlander in addition to his current duties as
Head of Packaging and Asia Pacific. The Sustainability function headed by Senior
Vice President Eija Pitkänen will report to Head of Communications, Senior Vice
President Lauri Peltola and the Wood Supply function headed by Senior Vice
President Johan Lindman will report to EVP Mats Nordlander. Elisabet Salander
Björklund will continue to lead Group HR until a new Group HR Director is
appointed.