The Group Executive Team (GET) supports the CEO in managing the Company. Day-to-day operational responsibility rests with the GET 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.
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 methods 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. Currently the CEO is directly in charge of the following functions, which also report to him/her:
- Business Areas (Publication Paper, Fine Paper, Packaging and Wood Products)
- CFO (responsible for IT, Accounting & Controlling, Treasury, Risk Management, Taxes, Internal Audit and Investor Relations, Corporate Finance and M&A)
- Wood Supply, HR and Sustainability
- Technology & Strategy
- Communications
- Legal Services
The CEO is also responsible for preparatory work with regard to Board meetings. In addition, he/she supervises decisions regarding key personnel and other important operational matters.
Deputy to the CEO acts as defined in the Finnish Companies Act.
Group Executive Team (GET)
The GET is chaired by the CEO. The GET members are appointed by the CEO and approved by the Board. Currently, the eight GET members are the CEO, CFO, and the heads of the four Business Areas, Technology & Strategy and Wood Supply, HR & Sustainability.
The GET’s tasks and responsibilities are: review of key day-to-day operations and operational decisions, key leadership issues, investment planning and follow-up, control of mergers and acquisitions and divestments, preparation of strategic guidelines, sustainability tasks, allocation of resources and preparatory work with regard to Board meetings. The GET meets regularly every month, and as required.
Other responsibilities
The investment planning is carried out by the Business Areas and reviewed by the Investment Working Group, consisting of Group and Business Area representatives. The CEO and GET are responsible for the investment allocations and decisions, as well as proposals to the Board of Directors.
The GET is responsible for all policy issues relating to sustainability. The sustainability management team and task forces are responsible for the day-to-day management and preparation of the proposals for the sustainability policies. The sustainability management team and task forces include representatives of the Group functions, Business Areas, Wood Supply service unit and regional organisations.
The Group R&D is responsible for the Group-level R&D projects and new businesses, as well as certain services. The Business Areas have their own R&D organisations for ongoing business development and research.
The Company has established user boards for certain cross-functional service units (Wood Supply, Purchasing, Logistics and Energy). These user boards consist of representatives of the Business Areas using these services. The user boards supervise and steer the operations of the service units in question.
The Company has also established proper disclosure policies and controls, and process for quarterly and other ongoing reporting.
