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 2016 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, Enterprise Risk Management, Internal Audit, Investor Relations, Tax, Treasury)
• Human resources
• Legal, General Counsel
• Sourcing and Logistics
• Technology (responsible for coordinating Stora Enso’s R&D and innovation agendas, managing the Group’s investment processes, and leading Energy Services)
• CEO Office (responsible for Wood Supply Finland and Russia, Wood Supply Sweden, Logistics, 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 bythe CEO and approved by the Board. At the year end 2016, the twelve GLT members were the CEO, the CFO, the heads of the divisions, HR, Legal (who is also General Counsel), Communications, Sustainability, Sourcing and Logistics, and CTO. 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 twelve members at the end of 2016. The GLT convened 12 times during the year. Important items on the agenda in 2016 were safety issues, transformation strategy, sustainability, customer-driven innovation, reviewing the operations of the group, planning and following up investment and other strategic projects, and preparatory work for Board meetings.