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

Henrik Ehrnrooth Re-elected as Chair of UPM-Kymmene Corporation

In a recent meeting following the Annual General Meeting, Henrik Ehrnrooth has been re-elected as the Chair of the Board of Directors for UPM-Kymmene Corporation, a leading materials solutions company. His re-election is a testament to his effective leadership and the Board's confidence in his vision for the company's future.

Alongside Ehrnrooth, Martin á Porta has been elected as the Deputy Chair, further strengthening the leadership team. This governance structure aims to enhance UPM-Kymmene's focus on sustainability, corporate governance, and overall growth strategies in the market.

During the Board of Directors' constitutive meeting, additional key committee positions were also filled. Pia Aaltonen-Forsell continues to lead the Audit Committee, supported by committee members Marjan Oudeman and Piia Karhu. In overseeing compensation matters, Martin á Porta remains at the helm of the Remuneration Committee, joined by Melanie Maas-Brunner and Magnus Groth as various other committee members. Furthermore, Henrik Ehrnrooth will chair the Nomination and Governance Committee with Jari Gustafsson and Topi Manner as additional members.

The makeup of the committees is noteworthy, as all members have been determined to be independent from UPM-Kymmene and its significant shareholders. This independence aligns with the criteria established in the Finnish Corporate Governance Code, underscoring the commitment to ethical governance practices.

UPM-Kymmene is renowned for its dedication to sustainability, making significant investments in renewable fibers, advanced materials, and decarbonization solutions. Recently recognized by various third-party organizations, including EcoVadis and the Dow Jones Sustainability Indices, the company reported approximately €9.7 billion in sales and employs about 15,100 people globally.

Henrik Ehrnrooth's leadership has been pivotal in steering UPM-Kymmene through an evolving market landscape that emphasizes sustainability and innovation. With the ongoing commitment to these principles, the company is well-positioned for future growth.

In a statement, Ehrnrooth expressed his gratitude for the reappointment and emphasized the importance of teamwork and a shared vision for the company's goals. He affirmed UPM-Kymmene's commitment to delivering innovative solutions while focusing on environmental responsibility.

For further developments regarding UPM-Kymmene and its governance updates, stakeholders and interested parties are encouraged to follow their announcements and updates.

For more information on the company and its sustainability initiatives, visit UPM's website.

Contact: UPM
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