#Finland #Helsinki #Stora Enso #Shareholders' Board #Marcus Wallenberg

Stora Enso's Shareholders' Nomination Board

Stora Enso Oyj recently announced the establishment of its Shareholders' Nomination Board, created to oversee the selection and remuneration of its Board of Directors and its committees. This initiative is crucial for ensuring effective corporate governance as the company continues to adapt to changing market dynamics.

Purpose and Composition of the Nomination Board

The Nomination Board's primary responsibilities include preparing recommendations for key appointments, including the Board of Directors' Chair and Vice Chair, ahead of Stora Enso's Annual General Meeting. Importantly, the Board is composed of significant figures within the company and its largest shareholders.

Consisting of the Chair and Vice Chair of the Stora Enso Board, as well as representatives from the largest shareholders, the Nomination Board plays a vital role in shaping the governance structure. For the year ending August 31, 2025, Solidium Oy and FAM AB emerged as Stora Enso's two largest shareholders.

The current composition of the Nomination Board includes:

• - 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
• - Marcus Wallenberg, Chair of the Board of Directors of FAM AB

As a noteworthy point, Marcus Wallenberg has been elected as the Chair of the Shareholders' Nomination Board, highlighting his pivotal role in the strategic direction of the company.

Strategic Importance of the Shareholders' Nomination Board

The creation of the Shareholders' Nomination Board marks a significant step in enhancing corporate governance at Stora Enso. The Board's proactive approach to board member nominations and remuneration strategies reflects the company's commitment to transparency and accountability.

With shareholder engagement as a key priority, the Nomination Board aims to prepare proposals that ensure alignment between corporate governance practices and stakeholder expectations. This is increasingly vital in an era where investors are demanding higher standards of accountability and ethical governance.

Stora Enso, a leader in renewable materials, acknowledges that its future revolves around sustainable practices and ethical governance. The company positions itself as a frontrunner in providing renewable products across various materials, including packaging, biomaterials, and wooden constructions. With approximately 19,000 employees, Stora Enso reported sales of EUR 9 billion in 2024, indicating strong business performance even amidst fluctuating market conditions.

The Role of Leadership in Shaping the Future

Given the evolving landscape and the shift towards sustainability, the strategic guidance of the Shareholders' Nomination Board will be crucial in steering Stora Enso through the challenges ahead. As businesses collectively pivot toward greener practices, maintaining a competent and visionary leadership team is essential.

Through this revamped governance structure, Stora Enso will not only enhance its decision-making capabilities but also foster a culture of resilience and innovation—qualities that will be indispensable in realizing its long-term goals.

To sum up, the establishment of the Shareholders' Nomination Board marks a forward-thinking initiative by Stora Enso, demonstrating a strong commitment to effective governance and sustainable practices. As the company continues on this path, all eyes will be on the Board's ability to navigate the complexities of the modern corporate environment.

For more information, investors can reach out to:

• - Carl Norell, SVP Corporate Communications, Phone: +46 72 241 0349
• - Jutta Mikkola, SVP Investor Relations, Phone: +358 50 544 6061

Stora Enso remains poised to explore the limitless possibilities that the future holds while staying rooted in the principles of sustainability and governance.