Stora Enso Oyj announces the proposed members for the Board of Directors of the new forest asset company planned to be demerged from Stora Enso (the “New Company”). The demerger is expected to be completed in the first half of 2027.
“I am delighted with the nomination of our proposed Board members. They bring a diverse range of expertise in forestry, finance, investment management, energy, sustainability, and strategic marketing. Their collective experience will support the New Company’s commitment to strong governance and sustainable growth,” says Marcus Wallenberg, Chair of Stora Enso’s Shareholders’ Nomination Board.
Proposed Board members
Johan Trolle-Löwen, proposed Chair of the Board of Directors. M.Sc. (Engineering and Industrial Economics), born 1959, Swedish citizen, is a business executive with a focus on forestry and management. Currently, since 2000, CEO of Sjösa Förvaltnings AB. Former CEO of Atlas Copco Tools AB. Chair of the Board of Kopparfors Skogar AB 2018–March 2026. Board member of Hargs Bruk AB since 2009. Former board member of Landshypotek Bank 2011–2025, Bergvik Skog AB 2015–2019 and Firefly AB 2002–2020.
Jannica Fagerholm, proposed Vice Chair of the Board of Directors, M.Sc. (Economics), born 1961, Finnish citizen, is an executive with strong background in finance. Currently, since 2010, Managing Director of Signe and Ane Gyllenberg Foundation, 1999–2010 Managing Director of SEB Gyllenberg Private Bank, 1998–1999 Country Director at Handelsbanken Liv Finland, 1990–1999 various positions within Sampo Insurance Group’s investment management unit. Board member of Sanoma plc since 2025, Vice Chair of the Board of Mandatum plc since 2023. Board member at Solidium since 2019, Vice Chair of the Board since 2025. Board member at Kesko plc since 2016.
Helen Fasth Gillstedt, M.Sc. (Economics), born 1962, Swedish citizen, is an experienced business executive and board professional with a strong background in energy, finance, and sustainability. Board member at Handelsbanken Fonder since 2015, Munters since 2017, PowerCell Group since 2019 and Sortera AB since 2022. Member of Shareholders’ Nomination Board in several Swedish companies, including Atlas Copco and Epiroc.
Magnus Fernström, M.Sc. (Finance and economics), born 1981, Swedish citizen, has deep knowledge of investment management and financial analysis as well as forestry. Currently, since 2020, Investment Director at FAM. 2011–2020 Investment Manager at FAM. 2008–2010 Special Adviser at the Swedish Ministry of Enterprise. Board member of Bergvik Skog AB 2015–2019, Kopparfors Skogar AB 2018–March 2026 and Nefab Group AB since 2021.
Timo Mäkinen, M.Sc. (Industrial Engineering and Management), born 1991, Finnish citizen, is an expert in investment management and financial analysis. Currently, since 2020, Investment Manager at Solidium Oy. Associate at Boston Consulting Group 2018–2020, and Management Consultant at EY 2017–2018.
Catharina Stackelberg-Hammarén, M.Sc. (Economics), born 1970, Finnish citizen, is a business leader with extensive experience in strategic marketing, brand development and commercial execution. Currently, since 2023, Senior Vice President of Knowit Insight Oy. Founder of Marketing Clinic Oy, Executive Chairman in 2019–2022, CEO in 2004–2019. During 2003–2004 Managing Director of Coca-Cola Finland, 2002–2003 Managing Director of Coca-Cola AB, since 1996 managerial and leadership roles at Coca–Cola in Finland and the Nordic and Baltic Region. Chair of the Board of Harvia since 2025, Vice Chair since 2024, member since 2023. Chairman of the Board of Alma Media Corporation from 2022, Board member from 2009. Board member of Royal Unibrew A/S from 2019.
Nomination process of the Board of Directors of the New Company
The proposed Board members will be nominated in the Demerger Plan as the inaugural Board of Directors for the New Company, subject to the approval of Stora Enso Oyj’s Extraordinary General Meeting resolving on the Demerger Plan, which will be held before the demerger.
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