“This change will remove one organisational layer. We want to increase clarity and transparency within and outside the Group concerning the Global Responsibility challenges we have had and continue to have in China, India and Pakistan,” says Stora Enso CEO Jouko Karvinen.

The reorganisation of the renewable packaging businesses is planned to be implemented by 1 July 2014. Mats Nordlander, currently head of the Renewable Packaging Division and a member of the Group Leadership Team, will leave his present roles.

“Consumer Board, Packaging Solutions and Biomaterials have been defined as the growth engines of the Group. Although continued cost and capacity adjustments have maintained the cash generation of the Group, the growth of the higher margin businesses has been limited. We must now get more energy and focus on this task to grow our top line faster and to manage the large investment projects and risks relating to them better,” says Karvinen.