UPM annual report 2014

Group Executive Team

Jussi Pesonen President and CEO M.Sc. (Eng.) Born 1960, Finnish citizen

Heikki Vappula Executive Vice President, UPM Biorefining M.Sc. (Econ.) Born 1967, Finnish citizen Member of the Group Executive Team since 2010. Employed by UPM-Kymmene Corporation since 2006. Sales Manager, Balance Consulting Oy 1992–1993. Management Accountant, Nokia Group, Finland 1993–1995. Several management positions at Nokia Networks Corporation in Finland, Denmark, the UK and Hungary 1996–2002. Vice President of Nokia Mobile Phones Supply Line Management 2002–2006. Senior Vice President, UPM Sourcing 2006–2010. President, Energy and Pulp Business Group 2010–2013. Board member of the Finnish Forest Industries Federation (FFIF).

Tapio Korpeinen CFO, Executive Vice President, UPM Energy M.Sc. (Tech.), MBA Born 1963, Finnish citizen Member of the Group Executive Team since 2008. Employed by UPM-Kymmene Corporation since 2005. 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. Board member of Teollisuuden Voima Oyj and Kemijoki Oy. Supervisory board member of Varma Mutual Pension Insurance Company.

Mika Sillanpää Executive Vice President, UPM Plywood M.Sc. (Eng.) Born 1958, Finnish citizen

Kari Ståhlberg Executive Vice President, Strategy M.Sc. (Eng.) Born 1971, Finnish citizen

Juha Mäkelä General Counsel LL.M. Born 1962, Finnish citizen

Member of the Group Executive Team since 2001. Employed by UPM-Kymmene Corporation since 1987. Several management positions in the UPM Paper 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 Ilmarinen Mutual Pension Insurance Company and the Finnish Forest Indus- tries Federation (FFIF). Co-Chairman of the Forest Solutions Group (FSG) in World Business Council for Sustainable Development (WBCSD). Board member of the Confederation of European Paper Industries (CEPI) and East Office of Finnish Industries Oy.

Member of the Group Executive Team since 2013. Employed by UPM-Kymmene Corporation since 1985. Several management positions at UPM Raflatac in Finland and in France 1985–2000. Vice President, UPM Raflatac Europe 2001–2003. Senior Vice Presi- dent, Strategic Development, UPM Raflatac Group 2003–2008. Vice President, Sourcing at UPM Raflatac Group 2008–2013.

Member of the Group Executive Team since 2013. Employed by UPM-Kymmene Corporation since 2007. Management Consultant at Jaakko Pöyry Consult- ing Oy 1998–2000. M&A Advisor at JP Capital International Limited in the UK 2000–2006. Invest- ment Manager at Finnish Industry Investment Ltd 2006–2007. Director, M&A, UPM-Kymmene Corpo- ration 2007–2010. Senior Vice President, Corporate Strategy 2010–2013.

Member of the Group Executive Team since 2008. Employed by UPM-Kymmene Corporation since 2005. Several positions in law firms 1991–1996. Positions as legal counsel and senior legal counsel in KONE Corporation 1997–2004.

Supervisory Board member of Kemijoki Oy.

JUSSI PESONEN

TAPIO KORPEINEN

HEIKKI VAPPULA

MIKA SILLANPÄÄ

KARI STÅHLBERG

JUHA MÄKELÄ

TAPIO KOLUNSARKA

KIM POULSEN

BERND EIKENS

JYRKI OVASKA

RIITTA SAVONLAHTI

PIRKKO HARRELA

Tapio Kolunsarka Executive Vice President, UPM Raflatac

Kim Poulsen Executive Vice President, UPM Paper Asia M.Sc. (Econ.) Born 1966, Finnish citizen Member of the Group Executive Team since 2013. Employed by UPM-Kymmene Corporation since 2011. General Manager, Koskisen Ltd. 1993–1996. Several management positions at Finnforest Ltd. in Finland, United Kingdom and Germany 1996–2006. President and CEO, Paloheimo Group and Fenestra Ltd. 2006–2010. Senior Vice President, UPM Plywood 2011–2013. Executive Vice President, Paper Business Asia Pacific and Corporate Relations 2013.

Bernd Eikens Executive Vice President, UPM Paper ENA Ph.D. (Eng.) Born 1965, German citizen Member of the Group Executive Team since 2013. Employed by UPM-Kymmene Corporation since 1998. Senior Process Engineer, International Paper Co. 1996–1998. Several management positions at UPM Nordland Papier 1998–2005. President, UPM- Kymmene Inc. North America 2005–2008. Senior Vice President, Supply Chain, Paper Business Group 2008–2013. Board member of EUROGRAPH, the European Association of Graphic Paper Producers and German Pulp and Paper Association VDP. Chairman of the Owners’ Committee of Madison Paper Industries. Board member of Johann Bunte Bauunternehmung GmbH & Co. KG.

Jyrki Ovaska Executive Vice President, Technology M.Sc. (Eng.) Born 1958, Finnish citizen

Riitta Savonlahti Executive Vice President, Human Resources M.Sc. (Econ.) Born 1964, Finnish citizen Member of the Group Executive Team since 2004. Employed by UPM-Kymmene Corporation 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.

Pirkko Harrela Executive Vice President, Stakeholder Relations M.A. Born 1960, Finnish citizen Member of the Group Executive Team since 2004. Employed by UPM-Kymmene Corporation since 1985. Several positions in Communications in Finnpap and UPM Paper Division 1985–2002. Vice President, Corporate Communications of UPM 2003, Execu- tive Vice President, Corporate Communications 2004–2013.

M.Sc. (Eng.), M.Sc. (Econ.) Born 1975, Finnish citizen Member of the Group Executive Team since 2013 Employed by UPM-Kymmene Corporation since 2002. Associate, McKinsey & Company 2000–2002. Several management positions at UPM Raflatac in Finland and in the USA 2002–2008. Senior Vice President, UPM Raflatac, Europe 2008–2011. Senior Vice Presi- dent, UPM Raflatac, Europe, Middle-East and Africa 2011–2013.

Member of the Group Executive Team since 2002. Employed by UPM-Kymmene Corporation 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. Vice Chairman of AmCham Finland (The American Chamber of Commerce in Finland). Board member of FIBIC, Finnish Bioeconomy Cluster.

Member of S-Group’s CSR Advisory Group.

Board member of Posti Group Corporation.

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UPM Annual Report 2014

UPM Annual Report 2014