Karl-Henrik Sundström has been appointed Chief Financial Officer with effect from 1 August. He joins Stora Enso from the Dutch semiconductor company NXP, the former Philips semiconductors business located in Eindhoven. Sundström has spent most of his career with the Swedish telecommunications company Ericsson.“In his last two roles, as CFO of one of Sweden’s largest companies for almost five years, and currently as CFO of NXP, Karl-Henrik Sundström has proved to be a world-class CFO. His additional experience of running a business will greatly contribute to our efforts to renew Stora Enso,” said Jouko Karvinen, CEO of Stora Enso.Head of Stora Enso Global Identity, Lauri Peltola, and Stora Enso's General Counsel, Per Lyrvall, are also appointed as new members of the Group Executive Team as of today.The new Group Executive Team is as follows: Jouko Karvinen, Chief Executive Officer; Juan Bueno, Executive Vice President, Biomaterials Business Area; Lars Häggström, Executive Vice President, Global People and Organization; Hannu Kasurinen, Executive Vice President, Building and Living Business Area; Per Lyrvall, Executive Vice President, Global Ethics and Compliance, General Counsel; Mats Nordlander, Executive Vice President, Renewable Packaging Business Area; Lauri Peltola, Executive Vice President, Global Identity; Karl-Henrik Sundström, Executive Vice President, Chief Financial Officer (as of August 1); Juha Vanhainen, Executive Vice President, Printing and Reading Business Area.The following three members are leaving the Group Executive Team: Hannu Alalauri, formerly head of the Fine Paper Business Area, has been appointed as the head of the Packaging Solutions Business Unit and joins the Renewable Packaging Management Team. Bernd Rettig, currently responsible for energy, logistics, R&D and capital investments, will continue with R&D and capital investments, but will also increase his focus on managing Stora Enso’s large capital investment projects. He continues to report to CEO.The current CFO, Markus Rauramo, has been appointed CFO of Fortum Corporation. He will remain with Stora Enso until Karl-Henrik Sundström joins the company.