Stora Enso has appointed Hans Sohlström as its new president and CEO, replacing Annica Bresky who has left the role to pursue new challenges outside of the company.

Mr Sohlström has over 30 years of experience in business leadership, including more than a decade as a CEO in the forest and renewable materials industries. Most recently he led Ahlstrom Corporation, Ahlström Capital and Rettig Group. Prior to that, for over 20 years, he held several leadership positions at UPM-Kymmene.

Mr Sohlström was a member of Stora Enso’s board of directors but has now stepped down from the position to becoe the company’s new president and CEO. Stora Enso’s board of directors is now made up of eight members.

Kari Jordan, chair of the board of directors at Stora Enso, said, ‘Hans Sohlström has shown strong business acumen and leadership skills in his previous positions. He has extensive experience in the forest industry and has gained strong insight into Stora Enso after serving more than two years on its board of directors, which is confident that Hans Sohlström is the right person to lead Stora Enso through the current challenging market environment towards achieving the long-term financial goals.’

He continued, ‘On behalf of the board of directors, I would like to sincerely thank Annica Bresky for her leadership and achievements during the past four years. Under her leadership, Stora Enso has made significant structural changes to strengthen its long-term competitiveness in line with its strategy. We wish her all the best for her future endeavours.’

Mr Sohlström commented, ‘Stora Enso is a company whose purpose, values and heritage I strongly support and believe in. It has strong foundations and many growth opportunities. I look forward to working together with my new colleagues in leading our profit turn-around, increasing shareholder value and delivering on our commitment as the renewable materials company.’