Proposals for Stora Enso Oyj’s 2026 Annual General Meeting Announced by Nomination Board

Stora Enso Oyj's Annual General Meeting 2026: Key Proposals by the Nomination Board

On January 16, 2026, the Shareholders' Nomination Board of Stora Enso Oyj announced the proposals it intends to present at the upcoming Annual General Meeting (AGM) scheduled for March 24, 2026. The primary objective of the Nomination Board is to recommend members for the company’s Board of Directors to ensure effective governance and strategic oversight. Here’s an in-depth look at their proposals which could shape the future of Stora Enso.

Composition of the Board of Directors

The Nomination Board suggests maintaining a Board consisting of eight members. Notable incumbents such as Håkan Buskhe, Helena Hedblom, Astrid Hermann, Christiane Kuehne, Richard Nilsson, Elena Scaltritti, and Antti Vasara are proposed for re-election. In a fresh move, Jouko Karvinen is nominated as a new member.

Both Kari Jordan, the current Chair of the Board, and Reima Rytsölä have decided against seeking re-election. As expressed by Marcus Wallenberg, the Chair of the Nomination Board, he praised Kari Jordan's four years of dedicated service, especially highlighting his leadership transition during challenging times which resulted in significant improvement in the company's financial performance and strategic alignment toward growth.

Leadership Nominations

In terms of leadership, the proposal also includes appointing Håkan Buskhe as Chair and Jouko Karvinen as Vice Chair of the Board of Directors. Karvinen, with an impressive track record that includes roles as the former CEO of Stora Enso and his extensive experience across several top-tier companies, including Philips and ABB, is set to bring valuable insights and continuity within the Board.

Remuneration Details

The Nomination Board recommends maintaining the annual remuneration for Board positions at 2025 levels, specifying they will be compensated as follows:

- Chair: €221,728
- Vice Chair: €125,186
- Members: €85,933

The structure suggests a hybrid payment model where 40% will be paid in Stora Enso R shares, which will be procured on behalf of the Board members, while the remaining amount will be disbursed in cash. This method not only aligns their interests with that of the shareholders but also supports a growth-oriented strategy.

Advisory on Governance Practices

Aligning with the Nordic Model of good governance, the Shareholders’ Nomination Board will present their recommendations to the shareholders as a collective at the AGM. This is to ensure that every candidate nominated possesses the necessary competencies and to affirm the overall competence and experience represented within the Board.

In previous meetings, the Nomination Board focused on establishing a diverse mix of skills vital for steering Stora Enso towards a sustainable and profitable future, adhering to the Finnish Corporate Governance Code stipulations. The past year saw the Nomination Board convene diligently, working in tandem with major stakeholders to finalize these proposals

Conclusion

As the AGM approaches, the proposed changes underscore a commitment to both continuity and fresh perspectives within Stora Enso's leadership. The strategic appointments illustrate Stora Enso's dedication to enhancing its governance framework for sustainable growth. The company, known for its leadership in producing renewable materials and as one of the largest private forest owners globally, is poised for a transformative journey in the upcoming year, with its shareholders' voices integral to its governance.

For further insights and updates about the latest developments from Stora Enso, stakeholders are encouraged to review detailed announcements as the AGM date draws closer.