Heikki Malinen appointed as President and CEO of Pöyry Plc, Tapio Korpeinen appointed as UPM's Senior Vice President, Strategy function

(UPM, Helsinki, January 22, 2008 at 9:00) - Heikki Malinen, Executive Vice President, Strategy, and member of UPM's Executive Team has been appointed President and CEO of the international consultancy and engineering company Pöyry Plc as of 1 June 2008.

Tapio Korpeinen has been appointed Senior Vice President and team leader of UPM's Strategy function as of 1 February 2008. Korpeinen will report to Jussi Pesonen, President and CEO. He has earlier reported to Heikki Malinen as Vice President, Corporate Development.

Jussi Pesonen says that after Heikki Malinen's two-year period as Head of Strategy, the strategy function has clear direction, well-defined areas of responsibility and strong resources. It has been agreed that Heikki Malinen will be available during the spring months to ensure a smooth transition.