Stora Enso plans to reorganize its Renewable Packaging Division, comprising Consumer Board, Packaging Solutions and Packaging Asia, into three separate businesses reporting to the CEO.
As agreed by the Board of Directors, the reorganization has two objectives: to enhance visibility internally and externally in addressing Global Responsibility challenges in high risk markets, and to increase the focus on the growth engines of Stora Enso’s strategy.
“This change will remove one organizational 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 reorganization of the renewable packaging businesses is planned to be implemented by 1 July 2014, subject to the outcome of applicable co-determination negotiations. Until then, the businesses of the current Renewable Packaging Division (Consumer Board, Packaging Solutions and Packaging Asia) will report directly to the CEO.