Stora Enso is merging its container board business in the Packaging Solutions division with the Consumer Board division, creating a new Packaging Materials division. The remaining business in Packaging Solutions together with Stora Enso's recently created formed fiber unit, will constitute a more focused Packaging Solutions division. The change is effective as of 1 January 2020. Based on the new structure, 2018 sales for the Packaging Materials division were approximately EUR 3,400 million and for Packaging Solutions EUR 700 million. The restated figures for the new divisional structure will be published during the first quarter of 2020.

Hannu Kasurinen is appointed EVP, Head of Consumer Board and member of the Group Leadership Team, with immediate effect and as of 1 January 2020, EVP, Head of Packaging Materials. Gilles van Nieuwenhuyzen will leave his position as EVP Packaging Solutions on 6 December 2019 to pursue new career opportunities outside the company. The search for a new divisional head for Packaging Solutions will be initiated. David Ekberg, currently SVP and head of Business Unit Corrugated Nordics in the division, is taking on the role as acting Head of Packaging Solutions as of 6 December 2019. Hannu Kasurinen was previously SVP, Liquid Packaging and Carton Board in the Consumer Board division. He has held several leadership positions in Stora Enso, including Group Treasurer, SVP of Strategy and EVP of Wood Products division.