Stora Enso has appointed Jouko Karvinen as the new CEO.

He will join the company on January 1 and will take up the position on March 29. He is currently CEO of Philips Medical Systems Division and a member of the board of Royal Philips Electronics.

Mr Karvinen has had a 25-year career in industrial automation and, more recently, healthcare technologies in business-to-business markets.

He joined Royal Philips in 2002 to head its Medical Systems Division following four US acquisitions. The division had revenues of €6.3bn in 2005. Before joining Philips, Mr Karvinen was responsible for the Automation Division of ABB Group Ltd. He served ABB Group in several international positions and was a member of the ABB Group Executive Committee from 2000 to 2002.

Jukka Härmälä will leave the position of CEO following the AGM on March 29. He will continue to undertake special assignments until the end of August.