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Stora Enso CEO Hans Sohlstrom, in a statement, attributed the sales dip to structural changes. Stora Enso peer UPM-Kymmene posted lower-than-expected operating profit on Tuesday for the second quarter, blaming high maintenance costs. Separately, Stora Enso said it appointed Niclas Rosenlew, who is currently chief financial officer at Swedish industrial bearings maker SKF, as its new CFO.
Stora Enso Oyj Half-year Report 2024: Continued profit improvement with strengthened leverage ratio
Stora Enso has appointed Niclas Rosenlew Group Chief Financial Officer. He will replace Seppo Parvi, who has previously announced that he will leave Stora Enso to continue his career outside the Company. Stora Enso has also appointed Carolyn Wagner Executive Vice President, Packaging Solutions division. She will replace Ad Smit who will retire. They will join Stora Enso latest in January 2025 and be members of Stora Enso's Group Leadership Team.