The Group Leadership Team (GLT) supports the CEO in managing the Company.
Day-to-day operational responsibility rests with the GLT members and their operation teams supported by various staff and service functions.The decision-making bodies with responsibility for managing Stora Enso are the Board and CEO.
The CEO is in charge of the day-to-day management of the Company in accordance with instructions and orders issued by the Board. It is the duty of the CEO to ensure that the Company’s
accounting principles comply with the law and that financial matters are handled in a reliable manner.
The Board approves the main organisation, including the functions
reporting to the CEO. At the end of 2017 the CEO was directly in charge
of the following functions, which also reported to him:
• Divisions (Consumer Board, Packaging Solutions, Biomaterials,
Wood Products, and Paper)
• CFO (responsible for Accounting, Controlling, Corporate Finance
and M&A, Efora, Energy Services, Investment Process, Enterprise
Risk Management, Internal Audit, Investor Relations, Tax, Treasury)
• Human resources
• Legal, General Counsel
• Sourcing and Logistics
• CEO Office (responsible for Wood Supply, Group R&D Innovation
and special strategic projects)
The CEO is also responsible for preparatory work with regard to Board
meetings. In addition, the CEO supervises decisions regarding key
personnel and other important operational matters. One of the Group
Leadership Team members acts as deputy to the CEO as defined in the
Finnish Companies Act.
Group Leadership Team (GLT)
The GLT is chaired by the CEO. The GLT members are appointed by the
CEO and approved by the Board. At the year end 2017, the twelve GLT
members were the CEO, the CFO, the heads of the divisions, HR, Legal
(who is also General Counsel), Communications, Sustainability, and
Sourcing and Logistics.
The GLT assists the CEO in supervising the group and divisional
performance against agreed targets, portfolio strategy, ensuring the
availability and value-creating allocation of Group funds and capital,
and statutory, governance, compliance and listing issues and policies.
The GLT meets regularly every month, and as required.
The GLT had 12 members at the end of 2017. The GLT convened
12 times during the year. Important items on the agenda in
2017 were safety issues, financial performance, strategy and
transformation, sustainability, customer-driven innovation,
reviewing the operations of the group, planning and following
up investment and other strategic projects, digitalisation, and
1 preparatory work for Board meetings.