Winfried Schaur appointed as Executive Vice President, Technology and Mika Kekki as Executive Vice President, UPM Plywood

Stock Exchange Release 20.5.2021 11:00 EEST

UPM-Kymmene Corporation Stock Exchange Release (Changes board/management/auditors) 20 May 2021 at 11:00 EEST

Winfried Schaur appointed as Executive Vice President, Technology and Mika Kekki as Executive Vice President, UPM Plywood

Winfried Schaur has been appointed as Executive Vice President, Technology and Mika Kekki as Executive Vice President, UPM Plywood as of October 1, 2021. Both will be members of UPM’s Group Executive Team and report to Jussi Pesonen, President and CEO. They will succeed Jyrki Ovaska and Mika Sillanpää who both will retire at the age of 63 at the end of 2021.

Winfried Schaur is currently the Executive Vice President, UPM Communication Papers and member of the Executive Team. He has held several senior positions in UPM’s paper business since 2001.

Mika Kekki is currently the Vice President, Production & Operations, responsible for UPM’s eight plywood mills and production related support functions. He has held several management positions in UPM and preceding companies since 1994.

“While I wish the best of success both to Winfried and Mika in their new roles, I would like to thank warmly both Jyrki and Mika for the successful careers both have had for almost 40 years in UPM and in the predecessor companies. Both have a strong business background and have been ready to renew with courage and take on new kinds of responsibilities. Both have also been able to empower and set an excellent example to new generation of UPMers,” says Jussi Pesonen, President & CEO of UPM.

Recruitment to positions which have now become vacant in UPM Communications Papers and UPM Plywood will start immediately.

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations

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UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 18,000 people worldwide and our annual sales are approximately EUR 8.6 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com