UPM Annual Report 2017

Governance

In brief

Strategy

Businesses

Stakeholders

Accounts

Group Executive Team

Jussi Pesonen

Jyrki Ovaska

President and CEO M.Sc. (Eng.) Born 1960, Finnish citizen Member of the Group Executive Team since 2001. Employed by UPMGroup since 1987.

Several management positions in UPMPaper Divisions 1987–2001. COO of the Paper Divisions and Deputy to the President and CEO 2001–2004. President and CEO since 2004. Chairman of the Board of the Finland Chamber of Commerce and ICC Finland. Deputy Chairman of the Board of the Finnish Forest Industries Federation (FFIF). Board member of the Confederation of European Paper Industries (CEPI) and the East Office of Finnish Industries Oy.

Executive Vice President, Technology M.Sc. (Eng.) Born 1958, Finnish citizen Member of the Group Executive Team since 2002. Employed by UPMGroup since 1984.

Several management positions at United Paper Mills Ltd and UPM in the Printing Papers Division 1984–2001. President, Fine and Speciality Papers Division 2002–2003. President, Magazine Paper Division 2004–2008. President, Paper Business Group 2008–2013. Chairman of the Board of CLIC Innovation Oy. Member of the Finnish Research and Innovation Council. Vice Chairman of AmChamFinland (The American Chamber of Commerce in Finland).

Tapio Korpeinen

Riitta Savonlahti

Chief Financial Officer, UPM-Kymmene Corporation and Executive Vice President, UPMEnergy M.Sc. (Tech.), MBA Born 1963, Finnish citizen Member of the Group Executive Team since 2008. Employed by UPMGroup since 2005. Executive Vice President, UPM Specialty Papers Ph.D. (Eng.) Born 1965, German citizen Member of the Group Executive Team since 2013. Employed by UPMGroup since 1998.

Several management positions at Jaakko Pöyry Consulting in Finland and North America 1991–1998 and 1999–2005. A.T. Kearney in Finland 1998– 1999 and McKinsey & Company in Sweden 1988–1990. Vice President, Corporate Development and Senior Vice President, Strategy, UPM 2005– 2008. President, Energy and Pulp Business Group, 2008–2010. CFO since 2010. Chairman of the Board of Pohjolan Voima Oy. Vice Chairman of the Board of Kemijoki Oy. Board member of Teollisuuden Voima Oyj. Supervisory Board member of Varma Mutual Pension Insurance Company. Senior Process Engineer, International Paper Co. 1996–1998. Several management positions at UPMNordland Papier 1998–2005. President, UPM-Kymmene Inc. North America 2005–2008. Senior Vice President, Supply Chain, Paper Business Group 2008–2013. Executive Vice President, UPMPaper ENA 2013-2016. Supervisory Board member of Johann Bunte Bauunternehmung GmbH & Co. KG. Several positions in Communications in Finnpap and UPMPaper Division 1985–2002. Vice President, Corporate Communications of UPM 2003. Executive Vice President, Corporate Communications 2004–2013. Member of S-Group’s CSR Advisory Group. Supervisory Board member of WWF Finland. Board member of Deutsch-Finnische Handelskammer, Satalinna Foundation and UPM-Kymmene Cultural Foundation. Member of the Board of Governors of the Association for FinnishWork. Financial Analyst, Enso Group 1997–1998. Business Operations Manager, Nokia Networks in Finland and Italy 1998–2001. Engagement Manager & Associate, McKinsey & Company 2002–2004. Several management positions at Stora Enso in Finland, Sweden and the UK 2004–2009. Chief Development Officer, member of the Group Executive Board, Amer Sports 2009–2014. Senior Vice President, Head of Global Operations, Amer Sports 2012–2014. Senior Vice President, EMEIA, UPMRaflatac 2014–2016.

Executive Vice President, Human Resources M.Sc. (Econ.) Born 1964, Finnish citizen Member of the Group Executive Team since 2004. Employed by UPMGroup since 2004.

HR Specialist positions at ABB 1990–1994. Human Resources Manager at Nokia Mobile Phones, Salo Operations 1995–2000. Senior Vice President, Human Resources at Raisio Group 2000–2001. Senior Vice President, Human Resources at Elcoteq Network Corporation 2001– 2004. Supervisory Board member of IlmarinenMutual Pension Insurance Company. Member of Labour Markets Committee of the Finnish Forest Industries Federation (FFIF). Project Engineer, Hoerbiger Automotive 1991-1992. Project Manager, Investments, Haindl Papier GmbH 1993–2001. Several leadership positions in the UPMpaper business 2001–2013. Senior Vice President, Newspaper Publishing, UPMPaper ENA 2013–2016. Chairman of the Board of the German Pulp and Paper Association (VDP). Vice Chairman of the Board of the Bavarian Industry Association (vbw). Board member of EURO-GRAPH asbl, the European Association of Graphic Paper Producers, and the Confederation of European Paper Industries (CEPI).

Bernd Eikens

Winfried Schaur

Executive Vice President, UPMPaper ENA Dipl.Ing. (FH) Born 1965, German citizen Member of the Group Executive Team since 2016 Employed by UPMGroup since 2001

Pirkko Harrela

Mika Sillanpää

Executive Vice President, Stakeholder Relations M.A. Born 1960, Finnish citizen Member of the Group Executive Team since 2004. Employed by UPMGroup since 1985.

Executive Vice President, UPMPlywood M.Sc. (Eng.) Born 1958, Finnish citizen Member of the Group Executive Team since 2013. Employed by UPMGroup since 1985.

Several management positions at UPMRaflatac in Finland and in France 1985–2000. Vice President, UPMRaflatac Europe 2001–2003. Senior Vice President, Strategic Development, UPMRaflatac Group 2003–2008. Vice President, Sourcing, UPMRaflatac Group 2008–2013.

Board member of the Federation of the FinnishWoodworking Industries.

Antti Jääskeläinen

Kari Ståhlberg

Executive Vice President, UPMRaflatac M.Sc. (Eng.), M.Sc. (Econ.), MBA Born 1972, Finnish citizen Member of the Group Executive Team since 2016 Employed by UPMGroup since 2014

Executive Vice President, Strategy M.Sc. (Eng.) Born 1971, Finnish citizen Member of the Group Executive Team since 2013. Employed by UPMGroup since 2007.

Management Consultant at Jaakko Pöyry Consulting Oy 1998–2000. M&A Advisor at JP Capital International Limited in the UK 2000–2006. Investment Manager at Finnish Industry Investment Ltd 2006–2007. Director, M&A, UPM-Kymmene Corporation 2007–2010. Senior Vice President, Corporate Strategy 2010–2013.

Juha Mäkelä

Heikki Vappula

General Counsel LL.M. Born 1962, Finnish citizen Member of the Group Executive Team since 2008. Employed by UPMGroup since 2005.

Several positions in law firms 1991–1996. Positions as legal counsel and senior legal counsel in KONE Corporation 1997–2004. Group General Counsel since 2005.

Executive Vice President, UPMBiorefining M.Sc. (Econ.) Born 1967, Finnish citizen Member of the Group Executive Team since 2010. Employed by UPMGroup since 2006.

Several management positions at Nokia Corporation in Finland, Denmark, UK and Hungary 1993–2006. Senior Vice President, UPM Sourcing 2006–2010. President, Energy and Pulp Business Group 2010–2013.

Supervisory Board member of Kemijoki Oy.

Board member of the Finnish Forest Industries Federation (FFIF).

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UPM Annual Report 2017

UPM Annual Report 2017