3 - Stora Enso

More documents

Recommendations

Info

BOARD OF DIRECTORS Board of Directors Claes Dahlbäck Chairman of Stora Enso’s Board of Directors since December 1998 Independent member of the Board • Born 1947. M.Sc. (Econ.), Ph.D. h.c. Swedish citizen. • Member of the STORA Board of Directors from May 1990 and Chairman of the Board from May 1997 until the merger with Enso in 1998. Chairman of Stora Enso’s Compensation Committee since 23 December 1998, and member of the Financial and Audit Committee since 22 March 2005. Member of the Nomination Committee. • Executive Vice Chairman of the Board of W Capital Management AB. Front row, left to right: Matti Vuoria, Harald Einsmann, Claes Dahlbäck, Jukka Härmälä, Gunnar Chairman of the Board of Vin & Brock, Jan Sjöqvist. Back row, left to right: Ilkka Niemi, Lee A. Chaden, Birgitta Kantola, Marcus Sprit AB, Gambro AB, and EQT Funds, and a member of the Board of Wallenberg. Goldman & Sachs Co. • President and CEO of Investor AB • CEO and member of the Board of the • Member of Stora Enso’s Financial 1978–1999. Executive Vice Chairman Finnish State Guarantee Board 1989– and Audit Committee since of the Board of Investor AB 1999– 2001 and Chairman of the Board 1997. Member of the Board and representative of the Nordic countries 22 March 2005. • Executive Vice President of Sara Lee 2002–2005. Vice Chairman of the and the Baltic countries at the World Corporation and CEO of Sara Lee Board of Skandinaviska Enskilda Bank 1997–2000. Chairman of the Branded Apparel. Member of the Banken 1997–2002. Member of the Finnish Accounting Standards Board Board of several civic and non-profi t Board of Ericsson 1993–1996 and ABB 1991–1996. • Owns 2 541 A and 19 529 R shares in 1993–1996. • Owns no shares in Stora Enso. organisations. • Executive Vice President of Global Marketing and Sales of Sara Lee Cor- Stora Enso. Gunnar Brock poration 2003–2004 and Corporate Independent member of Stora Enso’s Board Senior Vice President of Human Ilkka Niemi Vice Chairman of Stora Enso’s Board of of Directors since March 2005 • Born 1950. M.Sc. (Econ.). Swedish Resources 2001–2003. CEO of Sara Lee Branded Apparel-Europe 1999– Directors since March 2005 Independent member of the Board since citizen. • President and CEO of the Atlas 2001. • Owns ADRs representing 3 500 R March 2001 • Born 1946. M.Sc. (Econ.). Finnish cit- Copco Group. Member of the Board of Lego AS and Teknikföretagen. shares in Stora Enso. izen. • Member of Stora Enso’s Financial and Audit Committee since 19 March 2002, and the Compensation Member of the Royal Swedish Academy of Engineering Sciences (IVA). • CEO of Thule International 2001– 2002. President and CEO of Tetra Pak Harald Einsmann Independent member of Stora Enso’s Board of Directors since December 1998 • Born 1934. Ph.D. (Econ.). German Committee since 18 March 2004. Member of the Nomination Com- Group 1994–2000. • Owns 4 000 R shares in Stora Enso. citizen. • Member of the STORA Board of mittee. • Senior Advisor and independent con- Lee A. Chaden Directors from March 1998 until the merger with Enso in 1998. Member sultant on international fi nance. Independent member of Stora Enso’s Board of Stora Enso’s Compensation Com- Chairman of the Board of Motiva Oy since 2001, and member of the Board of Directors since March 2004 • Born 1942. MBA, B.Sc. (Ind. Eng.). mittee since 23 December 1998. • Member of the Board of Tesco Ltd, of Aker Finnyards Inc. since 2003. American citizen. Checkpoint Systems USA, Carlson 36• STORA ENSO COMPANY 2005
Companies USA, and several other • Member of Stora Enso’s Financial between January 2004 and May international corporations. • President of Procter & Gamble Europe 1984–1999. • Owns ADRs representing 4 800 and Audit Committee since 22 March 2005. • Vice Chairman of the Board of Fortum Oyj. Member of the Board of 2004. Executive Chairman of the Board of Fortum Corporation 1998– 2003. Vice Chairman of the Board of Danisco A/S 2002–2005 and member R shares in Stora Enso. Varma Mutual Pension Insurance Company, Nordea Bank, Vasakronan of the Board 1999–2002. • Owns 9 000 R shares in Stora Enso. Jukka Härmälä AB, Civitas Holding AB, Akademiska Chief Executive Officer of Stora Enso and member of Stora Enso’s Board of Directors Hus AB and Åbo Akademi. • Vice President and CFO of Interna- Marcus Wallenberg Independent member of Stora Enso’s Board since December 1998 • Born 1946. B.Sc. (Econ.), Hon. Ph.D. tional Finance Corporation (World Bank Group), Washington D.C. of Directors since December 1998 • Born 1956. B.Sc. (Foreign Service). (Tech. and Econ.). Finnish citizen. • Joined Enso-Gutzeit in April 1970. 1995–2000. Executive Vice President of Nordic Investment Bank 1991– Swedish citizen. • Vice President of Stora Feldmühle Senior Vice President and a member of the Board of Management of 1995. • Owns 1 500 R shares in Stora Enso. AG, a STORA subsidiary, from August 1990 until June 1993. Member of the Kansallis-Osake-Pankki (a predeces- STORA Board of Directors from sor of Nordea Bank) from February Jan Sjöqvist March 1998 until the merger with 1984 onwards. Rejoined Enso- Independent member of Stora Enso’s Board Enso in 1998. Member of Stora Gutzeit in September 1988 as President and COO. Chairman of the of Directors since December 1998 • Born 1948. M.Sc. (Econ.). Swedish Enso’s Financial and Audit Committee between 29 December 2000 and Board of Enso-Gutzeit and President and CEO from January 1992 until the merger with STORA in 1998. • Vice Chairman of the Supervisory citizen. • Member of the STORA Board of Directors from March 1997 until the merger with Enso in 1998. Chairman 22 March 2005. Member of the Nomination Committee. • Chairman of the Board of Skandinaviska Enskilda Banken AB. Vice Board of Varma Mutual Pension of Stora Enso’s Financial and Audit Chairman of the Board of Ericsson, Insurance Company, Vice Chairman Committee since 20 March 2003, Saab AB and the International of the Board of Finnlines Plc, Chair- and Financial Expert of the Financial Chamber of Commerce (ICC). Memman of the Board of the TT Founda- and Audit Committee since 21 April ber of the Board of AstraZeneca PLC, tion, member of the Board of Outokumpu Oyj, the Finnish Forest Industries Federation, the Research 2004. • Chairman of the Board of Concordia Bus AB and ODEN Anläggningsentre- AB Electrolux, and the Knut and Alice Wallenberg Foundation. • President and CEO of Investor AB Institute of the Finnish Economy prenad AB, and a member of the 1999–2005 and Executive Vice Presi- ETLA, the Finnish Business and Poli- Board of Green Cargo AB and Landent 1993–1999. Member of the cy Forum EVA, and the European Round Table of Industrialists (ERT), nebo fonder AB. • Managing Director of Swedia Net- Board of Skandinaviska Enskilda Banken 2002–2005 and 1995–1999, Co-chairman of the EU-Russia Indusworks AB 2002–2004 and President Scania AB 1994–2005, Ericsson 1996– trialists’ Round Table (IRT). • Vice Chairman of the Board of the and CEO of NCC AB 1993–2001. Member of the Board of Swedia 1998, and Saab AB 1992–1998. • Owns 2 541 A and 4 715 R shares in Finnish Forest Industries Federation Networks AB 2001–2004, SSAB Stora Enso. 1997–1998 and Chairman of the Swedish Steel 2000–2003, and NCC Board 1993–1996. Member of the Board of the Confederation of Finnish Industries EK in 2001, Vice Chair- AB 1988–2001. • Owns 508 A and 1 943 R shares in Stora Enso. Krister Ahlström, Vice Chairman and independent member of Stora Enso’s Board of Directors from December 1998 until his resignation on 22 March 2005. Björn Hägglund, Deputy Chief Executive Offi cer of man of the Board in 2000, Chairman Stora Enso and a member of Stora Enso’s Board of of the Board 1997–1999 and Vice Matti Vuoria Directors from December 1998 until his retirement on 1 June 2005. Chairman of the Board 1993–1996. Independent member of Stora Enso’s Board Barbara Kux, independent member of Stora Enso’s Chairman of the Board of Sampo plc 1993–2001. • Owns 8 932 R shares, and has 612 500 (1999–2004) and 60 000 (2005) options/synthetic options in of Directors since March 2005 • Born 1951. LL.M., B.Sc. (Arts). Finnish citizen. • Member of Stora Enso’s Compensation Committee since 22 March Board of Directors from March 2003 until her resignation on 22 March 2005. Paavo Pitkänen, independent member of Stora Enso’s Board of Directors from December 1998 until his resignation on 22 March 2005. Options/synthetic options were issued in each year from 1999 to 2005. Stora Enso. Birgitta Kantola 2005. • President and CEO of Varma Mutual Pension Insurance Company. Mem- To be considered ‘independent’, the Board must resolve that a director has no material relationship with the Company other than as a director. Independent member of Stora Enso’s Board ber of the Board of Danisco A/S, Enso-Gutzeit became Enso in May 1996. of Directors since March 2005 • Born 1948. LL.M. Finnish citizen. Sampo plc and Wärtsilä Oyj Abp. • Executive Vice President of Varma Mutual Pension Insurance Company STORA and Enso merged in December 1998. STORA ENSO COMPANY 2005• 37
Page 2 and 3: Stora Enso’s Annual Report 2005 c
Page 4 and 5: STORA ENSO IN BRIEF Stora Enso in b
Page 6 and 7: DIVISIONS IN BRIEF Publication Pape
Page 8 and 9: STRATEGY LETTER TO SHAREHOLDERS Dea
Page 10 and 11: STRATEGY Improving profi tability -
Page 12 and 13: STRATEGY Strategy in action in 2005
Page 14 and 15: PUBLICATION PAPER Improved asset ma
Page 16 and 17: PUBLICATION PAPER BUSINESS AREAS |
Page 18 and 19: FINE PAPER Cost-effi cient producti
Page 20 and 21: FINE PAPER BUSINESS AREAS More than
Page 22 and 23: PACKAGING BOARDS Getting closer to
Page 24 and 25: PACKAGING BOARDS BUSINESS AREAS Cor
Page 26 and 27: FOREST PRODUCTS Enhancing efficienc
Page 28 and 29: FOREST PRODUCTS BUSINESS AREAS Wood
Page 30 and 31: HUMAN RESOURCES People performance
Page 32 and 33: CORPORATE GOVERNANCE Corporate Gove
Page 34 and 35: CORPORATE GOVERNANCE Chief Executiv
Page 36 and 37: CORPORATE GOVERNANCE Remuneration C
Page 40 and 41: EXECUTIVE MANAGEMENT GROUP Executiv
Page 42 and 43: MANAGEMENT GROUP Management Group M
Page 44 and 45: SHARES AND SHAREHOLDERS Shares and
Page 46 and 47: SHARES AND SHAREHOLDERS Incentive p
Page 48 and 49: FINANCIAL SUMMARY Consolidated Inco
Page 50 and 51: FINANCIAL SUMMARY Consolidated Cash
Page 52 and 53: FINANCIAL SUMMARY Key Figures 1997
Page 54 and 55: ORGANISATION CHART Stora Enso’s o
Page 56 and 57: North America North America is the
Page 58: Colorado Stora Enso Oyj P.O. Box 30

3 - Stora Enso

Create successful ePaper yourself

Delete template?

Save as template?