Henrik Ehrnrooth Re-elected as Chair of UPM-Kymmene Corporation's Board of Directors

Henrik Ehrnrooth Re-elected Chair of UPM-Kymmene Corporation

On March 27, 2025, UPM-Kymmene Corporation announced the re-election of Henrik Ehrnrooth as the Chair of its Board of Directors. This decision was made during the Board's constitutive meeting, which followed the Annual General Meeting (AGM) held on the same day.

Henrik Ehrnrooth, who has a long-standing experience in corporate governance and leadership, has successfully guided UPM-Kymmene through various strategic initiatives. His leadership is essential for steering the company towards its sustainability goals and enhancing its existing portfolio of renewable fibers and advanced materials.

Alongside Ehrnrooth's re-election, Kim Wahl was appointed Deputy Chair, a decision reflecting a collaborative approach to leadership within the Board. The meeting also included the selection of committee chairs and members, highlighting a commitment to maintain independent oversight in UPM's governance.

Effective Committee Structure

The Board took the opportunity to re-elect key figures to various committee leadership roles. Pia Aaltonen-Forsell will continue as the chair of the Audit Committee, supported by Jari Gustafsson and Marjan Oudeman as committee members. For the Remuneration Committee, Martin à Porta was also re-elected as chair, joined by Melanie Maas-Brunner and Topi Manner.

Henrik Ehrnrooth returns to chair the Nomination and Governance Committee, with Piia-Noora Kauppi and Kim Wahl joining him on this committee. The independence of these committee members was assessed and confirmed, ensuring compliance with the Finnish Corporate Governance Code. This independence is crucial for informed decision-making and integrity in UPM's operations.

Commitment to Sustainability

UPM-Kymmene Corporation has been recognized for its performance in sustainability, receiving accolades from third-party evaluators like EcoVadis and the Dow Jones Sustainability Indices. The company's commitment to sustainable practices aligns with global trends towards environmental responsibility and is a key focus for the Board moving forward.

Currently, UPM employs approximately 15,800 individuals worldwide and reports annual sales around €10.3 billion. Its shares are traded on Nasdaq Helsinki Ltd, reflecting its strong position within the marketplace. Recently, UPM has embarked on various initiatives focusing on decarbonization solutions, extensive renewables, and innovative product offerings.

Looking Ahead

Henrik Ehrnrooth’s continued leadership in the role of Chair is set to enhance UPM-Kymmene Corp’s vision for future growth and sustainability. As the company navigates the ever-changing market dynamics, the strategies implemented under his guidance will be pivotal for ensuring the firm remains competitive while being a leader in sustainable practices.

In conclusion, the re-election of Henrik Ehrnrooth as Chair sets a solid foundation for UPM-Kymmene Corporation’s continued success and commitment to sustainability. With strong leadership in place, UPM is well-positioned to tackle future challenges while fostering a sustainable future for the industry.

For additional information about UPM and its initiatives, visit upm.com. Follow UPM on social media platforms to stay updated on their latest news and developments.