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UPM-Kymmene Oyj (UPM.HE)

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Summary

Name Age Since Current Position

Bjorn Wahlroos

65 2008 Independent Chairman of the Board

Jussi Pesonen

57 2013 Member of the Group Executive Team, President, Chief Executive Officer, Director

Berndt Brunow

67 2005 Independent Deputy Chairman of the Board

Tapio Korpeinen

54 2013 Chief Financial Officer; Executive Vice President, UPM Energy; Member of the Group Executive Team

Jyrki Ovaska

59 2013 Executive Vice President, Technology; Member of the Group Executive Team

Riitta Savonlahti

53 2004 Executive Vice President of Human Resources, Member of the Group Executive Team

Bernd Eikens

52 2016 Executive Vice President, UPM Specialty Papers; Member of the Group Executive Team

Pirkko Harrela

57 2013 Executive Vice President, Stakeholder Relations; Member of the Group Executive Team

Antti Jaaskelainen

45 2016 Executive Vice President, UPM Raflatac; Member of the Group Executive Team

Winfried Schaur

52 2016 Executive Vice President, UPM Paper ENA (Europe and North America); Member of the Group Executive Team

Mika Sillanpaa

59 2013 Executive Vice President, UPM Plywood; Member of the Group Executive Team

Kari Stahlberg

46 2013 Executive Vice President, Strategy; Member of the Group Executive Team

Heikki Vappula

50 2013 Executive Vice President, UPM Biorefining; Member the Group Executive Team

Mika Mikkola

Vice President of Investor Relations

Juha Makela

55 2008 General Counsel, Member of the Group Executive Team

Henrik Ehrnrooth

48 2015 Independent Director

Piia-Noora Kauppi

42 2013 Independent Director

Wendy Lane

65 2005 Independent Director

Ari Puheloinen

66 2014 Independent Director

Veli-Matti Reinikkala

60 2007 Independent Director

Suzanne Thoma

55 2015 Independent Director

Kim Wahl

57 2012 Independent Director

Biographies

Name Description

Bjorn Wahlroos

Mr. Bjorn Wahlroos has been Independent Chairman of the Board of Directors at UPM-Kymmene Corporation since March 26, 2008. He also is Chairman of the Company's Nomination and Governance Committee. From 2001 to 2009, he held the position of President and Chief Executive Officer at Sampo plc, and became Chairman of the Board of Sampo plc in 2009. Between 1998 and 2000, he served as Chairman of Mandatum Bank plc. Prior to this, he held the positions of Chief Executive Officer and Vice Chairman of Mandatum & Co Ltd between 1992 and 1997, Member of the Executive Committee and Executive Vice President of the Union Bank of Finland between 1985 and 1992. Prior to 1985, he served as Professor of Economics. He has acted as Chairman of the Board of Sampo Plc. He holds a Doctorate of Philosophy degree in Economics.

Jussi Pesonen

Mr. Jussi Pesonen has been Member of the Group Executive Team, President, Chief Executive Officer and Director at UPM-Kymmene Corporation since November 1, 2013. He has served as Chief Executive Officer (CEO) and President of UPM-Kymmene Corp since January 2004, and he has been Member of the Board of Directors of the Company since 2007. He has also been Member of the Group Executive Team since 2001. He was Member of the Group Executive Board of the Company from 2001 until November 1, 2013. He joined the Company in 1987. He held several management positions at UPM Paper Divisions between 1987 and 2001. He was Chief Operating Officer of the Paper Divisions, and Deputy to the President and CEO at the Company between 2001 and January 2004. He has been Chairman of the Board of the Finnish Forest Industries Federation (FFIF), Board Member of the Confederation of European Paper Industries (CEPI) and East Officer of Finnish Industries Oy. He was Chairman of the Board of Ilmarinen Mutual Pension Insurance Company until December 31, 2015. He holds Master of Science degree in Engineering.

Berndt Brunow

Mr. Berndt Brunow has been Independent Deputy Chairman of the Board of Directors at UPM-Kymmene Corporation since 2005. He has been Independent Director of the Company’s Board since 2002. He is also Member of the Company’s Nomination and Governance Committee. Prior to that, between 2002 and 2007, he was President and Chief Executive Officer at Oy Karl Fazer Ab. From 2000 till 2002, he acted as President and Chief Executive Officer of Sanitec Corporation. He has over 20 years of experience in executive positions at Finnpap and UPM-Kymmene Corporation. He serves as Chairman of the Board of Lemminkainen Corporation and Oy Karl Fazer Ab, as well as Member of the Board of Hartwall Capital Oy Ab. He holds a Bachelor of Science degree in Economics.

Tapio Korpeinen

Mr. Tapio Korpeinen has been Chief Financial Officer; Executive Vice President, UPM Energy; Member of the Group Executive Team of UPM-Kymmene Corporation since November 1, 2013. Before that, he has served as Chief Financial Officer of the Company since May 1, 2010, and he has been Member of the Group Executive Team and Member of the Group Executive Board since 2008. Previously, he was President of Energy and Pulp Business Group at the Company from 2008 until May 1, 2010. He has been employed by UPM-Kymmene Corporation since 2005. He is Chairman of the Board of Pohjolan Voima Oy, Member of the Board of Teollisuuden Voima Oyj and Vice Chairman of the Board of Kemijoki Oy, as well as Supervisory Board Member of Varma Mutual Pension Insurance Company. He held several management posts at Jaakko Poyry Consulting in Finland and North America from 1991 to 1998, and from 1999 to 2005. He also worked for A.T. Kearney in Finland from 1998 to 1999, and for McKinsey & Company in Sweden between 1988 and 1990. Between 2005 and 2008, he was Vice President of Corporate Development and Senior Vice President of Strategy at UPM. He holds a Master of Science degree in Technology and a Master of Business Administration degree.

Jyrki Ovaska

Mr. Jyrki Ovaska has been Executive Vice President, Technology and Member of the Group Executive Team at UPM-Kymmene Corporation since November 1, 2013. Before that, he has served as President of Paper Business Group, Member of the Group Executive Team and Member of the Group Executive Board at the Company since 2008. He has been employed by UPM-Kymmene Corporation since 1984. He previously held several management positions within United Paper Mills Ltd and UPM in the Printing Papers Division from 1984 to 2001. He was President of the Magazine Paper Division and Member of the Group Executive Team between 2004 and 2008, and President for Fine and Speciality Papers Division and Member of the Group Executive Team between 2002 and 2003. He has been Vice Chairman of AmCham Finland (The American Chamber of Commerce in Finland) and Board Member of CLIC Innovation Oy. He holds a Master of Science degree in Engineering.

Riitta Savonlahti

Ms. Riitta Savonlahti has been Executive Vice President of Human Resources and Member of the Group Executive Team at UPM-Kymmene Corporation since May 2004. She has been employed by UPM-Kymmene Corporation since 2004. Between 1990 and 1994, she held HR Specialist positions at ABB. From 1995 until 2000, she was Human Resources Manager for Nokia Mobile Phones' Salo Operations. She also held the position of Senior Vice President of Human Resources at Raisio Group between 2000 and 2001, and at Elcoteq Network Corporation from 2001 to 2004. She has been Board Member of Posti Group Corproation. She holds Master of Science degree in Economics.

Bernd Eikens

Mr. Bernd Eikens has been Executive Vice President, UPM Specialty Papers; Member of the Group Executive Team at UPM-Kymmene Corporation since February 1, 2016. Before that, he was Executive Vice President, UPM Paper ENA and Member of the Group Executive Team at the Company from November 1, 2013. Before that, he has been Senior Vice President, Supply Chain, UPM Paper Business Group at the Company from 2008 until 2013. He has been employed at the Company since 1998. He held several management positions at UPM Nordland Papier (1998-2005). He was also President, UPM-Kymmene Inc. North America (2005-2008). Previously, he served as Senior Process Engineer at International Paper Co. (1996-1998). He serves as Board Member of Johann Bunte Bauunternehmung GmbH & Co. KG. He has two Master's degrees, one in Paper Technology (Technical University of Darmstadt, Germany) and another in Industrial Engineering (Georgia Institute of Technology, USA). Additionally, he holds a doctorate in Engineering from Colorado State University, United States.

Pirkko Harrela

Ms. Pirkko Harrela has been Executive Vice President, Stakeholder Relations and Member of the Group Executive Team at UPM-Kymmene Corporation since November 1, 2013. Before that, she served as Executive Vice President of Corporate Communications and Member of the Group Executive Team at the Company from 2004. Previously, she was Vice President of Corporate Communications at the Company from 2003 until 2004. She has been employed by UPM-Kymmene Corporation since 1985. Between 1985 and 2002, she held several posts in Communications within Finnpap and UPM Paper Division. She has been Member of S-Group’s CSR Advisory Group, Supervisory Board Member of WWF Finland and Board Member of Satalinna Foundation. She holds Master of Arts degree.

Antti Jaaskelainen

Mr. Antti Jaaskelainen has been Executive Vice President, UPM Raflatac and Member of the Group Executive Team of UPM-Kymmene Corporation since July 1, 2016. He was Senior Vice President, EMEIA, UPM Raflatac from 2014 to 2016. He served as Senior Vice President, Head of Global Operations at Amer Sports from 2012 to 2014 and as Chief Development Officer and Member of the Group Executive Board of Amer Sports from 2009 to 2014. He held several management positions at Stora Enso in Finland, Sweden and the UK from 2004 till 2009 and acted as Engagement Manager & Associate at McKinsey & Company from 2002 to 2004. He was Business Operations Manager at Nokia Networks in Finland and Italy from 1998 to 2001 and Financial Analyst at Enso Group between 1997 and 1998. He holds Master of Science degree in Engineering and in Economics and an MBA degree.

Winfried Schaur

Mr. Winfried Schaur has been Executive Vice President, UPM Paper ENA (Europe and North America) and Member of the Group Executive Team at UPM-Kymmene Corporation since February 8, 2016. Before that, he was Senior Vice President responsible for Newspaper publishing business unit within UPM Paper ENA from 2013. He joined UPM since 2001 holding several leadership positions in the paper business. He previously was Project Engineer, Hoerbiger Automotive 1991–1992; Project Manager, Investments, Haindl Papier GmbH 1993–2001; Several leadership positions in the UPM paper business 2001–2007; General Manager, Schongau mill, UPM Paper Business Group 2007–2013; General Manager, Ettringen mill, UPM Paper Business Group 2011–2013. He holds a Master of Science degree in Mechanical Engineering.

Mika Sillanpaa

Mr. Mika Sillanpaa has been Executive Vice President, UPM Plywood and Member of the Group Executive Team at UPM-Kymmene Corporation since November 1, 2013. Before that, he has been Vice President, Sourcing at UPM Raflatac Group (2008-2013). He joined the Company in 1985. He held several management positions at UPM Raflatac in Finland and in France (1985-2000). He was Vice President, UPM Raflatac Europe (2001-2003) and Senior Vice President, Strategic Development at UPM Raflatac Group (2003-2008). He holds Master of Science degree in Engineering.

Kari Stahlberg

Mr. Kari Stahlberg has been Executive Vice President, Strategy and Member of the Group Executive Team at UPM-Kymmene Corporation since November 1, 2013. Before that, he has been Senior Vice President, Corporate Strategy at the Company (2010-2013). He joined the Company in 2007. He was Director, M&A at the Company from 2007 until 2010. Previously, he served as Management Consultant at Jaakko Poyry Consulting Oy (1998-2000), M&A Advisor at JP Capital International Limited in the United Kingdom (2000-2006) and Investment Manager at Finnish Industry Investment Ltd (2006-2007). He holds Master of Science degree in Engineering.

Heikki Vappula

Mr. Heikki Vappula has been Executive Vice President, UPM Biorefining and Member the Group Executive Team of UPM-Kymmene Corporation since November 1, 2013. Before that, he has served as President of Energy and Pulp Business Group, Member of the Group Executive Team and Member of the Group Executive Board at the Company since May 1, 2010. He has been employed by UPM-Kymmene Corporation since 2006. Prior to that, he was Sales Manager at Balance Consulting Oy between 1992 and 1993, and Management Accountant at Nokia Group in Finland from 1993 until 1995. He also held several management positions at Nokia Networks Corporation in Denmark, Hungary, Finland and the United Kingdom between 1996 and 2002. He was Vice President of Nokia Mobile Phones Supply Line Management from 2002 to 2006, and Senior Vice President of UPM Sourcing between 2006 and 2010. He has been Member of the Board of the Finnish Forest Industries Federation (FFIF). He holds Master of Science degree in Economics.

Mika Mikkola

Juha Makela

Mr. Juha Makela has been General Counsel and Member of the Group Executive Team at UPM-Kymmene Corporation since 2008. He has been General Counsel at the Company since 2005. He has been employed by UPM-Kymmene Corporation since 2005. From 1991 till 1996, he held several positions at a number of law firms. Between 1997 and 2004, he held posts like Legal Counsel and Senior Legal Counsel within KONE Corporation. He has been Supervisory Board Member of Kemijoki Oy. He holds Master of Legal Letters degree.

Henrik Ehrnrooth

Mr. Henrik Ehrnrooth has been Independent Director at UPM-Kymmene Corporation since April 9, 2015. He is Member of the Remuneration Committee at the Company. He has been President and CEO of KONE Corporation since 2014 and previously served as Chief Financial Officer 2009–2014. He rarlier worked at Goldman Sachs International 1998–2009, most recently as a Managing Director in the Investment Banking Division. Prior to that, he held various positions at UBS Limited 1994–1998. He is Member of the Foundation Board of the International Institute for Management Development (IMD, Switzerland). He holds Master of Science degree in Economics.

Piia-Noora Kauppi

Ms. Piia-Noora Kauppi has been Independent Member of the Board of Directors of UPM-Kymmene Corp since April 4, 2013. She also serves as Chairman on the Company’s Audit Committee. Ms. Kauppi has been Managing Director of Federation of Finnish Financial Services, and has been holding the position since 2009. She was previously Member of the European Parliament and various parliamentary committees (1999-2008), Head of the Finnish Delegation in the EPP-ED Group (2004-2008) and Legal Advisor for the Parliamentary Group of the National Coalition Party Kokoomus (1997-1999). Additionally, she has experience as Vice President of the European Banking Industry Committee EBIC. She is Board member of Sulava Oy and the Finnish Financial Ombudsman Bureau, Member of the Supervisory Board of Helsinki Deaconess Institute and HSE Foundation and Member of the Executive Committee of European Banking Federation. Ms. Kauppi holds a Master of Legal Letters degree.

Wendy Lane

Ms. Wendy E. Lane has been Independent Member of the Board of Directors at UPM-Kymmene Corporation since March 2005. She is also Member of the Company's Audit Committee. She is Member of the Board of Willis Towers Watson PLC (former Willis Group Holdings PLC), MSCI Inc. and Al-Dabbagh Group Holding Company Limited. Since 1992, she has held the position of Chairman of the Board of Lane Holdings, Inc. Prior to that, from 1981 till 1992, she held the position of Managing Director and Principal at Donaldson, Lufkin & Jenrette Securities Corp. Between 1977 and 1980, she was Banking Associate at Goldman, Sachs & Co. She holds a Master of Business Administration degree from the Harvard Graduate School of Business Administration, part of Harvard University.

Ari Puheloinen

Gen. Ari Puheloinen has been Independent Director of UPM-Kymmene Corporation since August 1, 2014. He is Member of the Nomination and Governance Committee at the Company. He is General Staff Officer (ret.). He was Commander of the Finnish Defense Forces (2009–2014), Chief of Finnish Defense Command (2007–2009) and Commander of the Eastern Command (2004–2007), Deputy Chief of Operations of the Finnish Defense Staff (2000–2003) and Brigade Commander (1999–2000), Principal Secretary of the Defense Council 91997–1999), Assistant Defense Attache in Moscow (1986–1990). He is Board member of Caverion Corporation and the Association for the New Children’s Hospital 2017.

Veli-Matti Reinikkala

Mr. Veli-Matti Reinikkala has been Independent Member of the Board of Directors at UPM-Kymmene Corporation since March 27, 2007. He is also Chairman of the Company's Remuneration Committee. He has been President of ABB Region Europe during 2015 and Member of the Group Executive Committee of ABB Ltd from 2006 to 2015. He was Head of ABB Process Automation Division from 2006 until 2014. He was Business Area Manager for ABB Process Automation in 2005. He acted as Automation Division Manager of ABB China between 2003 and 2004, as well as Manager for ABB Drives from 1997 until 2002. He was Chief Financial Officer of ABB Industry from 1994 to 1996. Before 1994, he held various positions within paper and packaging companies in Finland. He is Board Member of Quant AB. He holds an Executive Master of Business Administration degree.

Suzanne Thoma

Dr. Suzanne Thoma, Ph.D., has been Independent Director at UPM-Kymmene Corporation since April 9, 2015. She is Member of the Remuneration Committee at the Company. She has been Chief Executive Officer of BKW Ltd. since 2013. She was Head of BKW Group’s Networks Business Unit 2010–2012, Head of WICOR Group’s Automotive Division 2007–2009, Chief Executive Officer of Rolic Technologies Ltd 2002–2007 and held various positions at Ciba Specialty Chemicals Corp. (former Ciba-Geigy) 1990–2002. She is Board Member of Schaffner Holding AG and Beckers Group. She holds Doctorate in Philosophy degree in Chemical Engineering and Bachelor of Arts in Business Administration.

Kim Wahl

Mr. Kim Wahl has been Independent Member of the Board of Directors at UPM-Kymmene Corporation since March 30, 2012. He is also Member of the Company's Audit Committee. He is Board Member of DNB Bank ASA and Intermediate Capital Group plc, Chairman of Voxtra AS and Voxtra Foundation. He has been Chairman of the Board of the investment firm Stromstangen AS since 2009. He was Deputy Chairman and Co-founder of the European private equity firm IK Investment Partners between 1989 and 2009, Associate, Corporate Finance at Goldman Sachs & Co. between 1987 and 1989. Prior to 1986 he held positions in International Marketing and Financial Analyst at Trade Commission of Norway, Merrill Lynch and Norsk Hydro, Petroleum Division. He holds a Bachelor of Arts degree in Business Economics from the University of San Diego and a Master of Business Administration from the Harvard Graduate School of Business Administration, Harvard University.