MEDIA RELEASE PR37981
Financial Analysts Choose Jouko Karvinen of Stora Enso as RISI's European CEO of the Year for the
Second Time
BRUSSELS, Jan. 22 /PRNewswire-AsiaNet/ --
Stora Enso's CEO Jouko Karvinen has been selected as RISI's 2010 European
CEO of the Year for the pulp and paper industry. The award will be presented
at RISI's 12th European Pulp and Paper Outlook Conference in Amsterdam on
March 9-11, 2010.
European analysts and portfolio managers covering the forest products
industry choose the European CEO of the Year annually through a survey
organized by RISI. The criteria for nomination include leadership, vision and
strategic accomplishment. Karvinen previously won the award in 2008, after
only one year in the position of CEO at Stora Enso, and has been
overwhelmingly chosen again as this year's winner.
Analysts have been impressed with Karvinen's leadership since he became
CEO. One analyst stated that Karvinen "Has shown strong leadership through
restructuring since the outset of his appointment, and all through 2009. He
has also demonstrated that he clearly understands both the needs of the
industry and of investors." Another analyst noted that Karvinen "continues to
tackle difficult restructuring measures while also positioning the company
for future growth, such as its acquisition of the ENCE assets in Uruguay."
Karvinen commented, "I am of course happy, humbled and feel privileged
for getting the award for the second time by the vote of true forest industry
experts. This is a team sport - and therefore I hope all my colleagues at
Stora Enso will share a big piece of the recognition, no boat sails fast with
the skipper only."
Karvinen joined Stora Enso in January of 2007. He was previously the CEO
of Philips Medical Systems Division and a member of the Board of Management
of Royal Philips Electronics. Born in 1957, he holds a Master of Science
degree in Electronics and Industrial Economics from Tampere University of
Technology in Finland.
RISI's European CEO of the Year Award was inaugurated in 2007 and the
first winner was UPM's Jussi Pesonen. Karvinen won the award in 2008 and
Christian Rynning-Tonnesen of Norske Skog won in 2009. RISI also runs
regional CEO of the Year Awards in Latin America, Asia and North America. The
2009 winners included Antonio Maciel Neto of Suzano; Chen Hongguo of Shandong
Chenming; and Doyle R. Simons of Temple-Inland Inc. The first Global CEO of
the Year Award was given last year at the inaugural PPI Awards to Jim
Rubright of Rock Tenn.
For more information on the RISI European Pulp & Paper Outlook
About Stora Enso
Stora Enso is a global paper, packaging and forest products company
producing newsprint and book paper, magazine paper, fine paper, consumer
board, industrial packaging and wood products.
The company has 29 000 employees and 85 production facilities in more
than 35 countries worldwide, and is a publicly traded company listed in
Helsinki and Stockholm.
Stora Enso's annual production capacity is 12.7 million tonnes of paper
and board, 1.5 billion square metres of corrugated packaging and 6.9 million
cubic metres of sawn wood products, including 3.2 million cubic metres of
value-added products. Our sales were EUR 11.0 billion, with an operating
profit of EUR 388.4 million.
About RISI
RISI is the leading information provider for the global forest products
industry. The company works with clients in the pulp and paper, wood
products, timber, tissue, nonwovens, printing and publishing industries to
help them make better decisions.
Headquartered in Boston (Bedford), Massachusetts, RISI operates offices
in Brussels, Belgium; Atlanta, Georgia; San Francisco, California; Portland,
Oregon; Sao Paulo, Brazil; Shanghai, China; Singapore; Helsinki, Finland; and
Charlottesville, Virginia. More information can be found at www.risi.com.
Contact:
Jennifer Freitas
Director of Events
RISI
4 Alfred Circle
Bedford, MA 01730 USA
Tel: +1-781-734-8949
jfreitas@risi.com
SOURCE: RISI
CONTACT: Jennifer Freitas,
Director of Events, RISI,
+1-781-734-8949,
jfreitas@risi.com
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