IMD International

Former Stora Enso CEO takes up Executive-in-Residence post at IMD

November 19, 2014

Jouko Karvinen, formerly head of the Finnish pulp and paper manufacturer, Stora Enso, has recently joined IMD as an Executive-in-Residence to share his experience with new generations of leaders.

Under Karvinen's leadership, Stora Enso underwent a groundbreaking transformation with the assistance of IMD. Cooperation between the company and the business school continues to be fruitful.

"I learned a lot during Stora Enso's Pathbuilders program with IMD. That's when I developed the desire to become Executive-in-Residence here," said Karvinen. "After I stepped down as CEO, I thought it was time to look at business and stakeholders, and even life, from a different angle, with support of the academics and the young, bright people at IMD," he added.

Karvinen, a 57-year-old from Finland, became CEO of Stora Enso in 2007 and stepped down this August. During his tenure, he diversified Europe's largest paper maker and successfully navigated a time of industrywide cost cuts amidst the shift to electronic media.

He is also Vice Chairman of the Board of Directors of Nokia, a former CEO of Philips Medical Systems, and previously held numerous managerial positions at ABB Group. He is a member of the Board of Directors of the Finnish Forest Industries Federation and the Confederation of European Paper Industries.

In addition to his role as Executive-in-Residence, Karvinen is also currently participating in IMD's Advanced Strategic Management (ASM) program.

"My learnings from ASM will be important for my work on boards, and my exchanges with colleagues from all over the world during the program have been enriching. It has given me a better framework for structured analysis, rather than relying on intuition and using 100 PowerPoint slides to try to prove a point," said Karvinen.

Watch a recent interview of Jouko Karvinen:

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