​Board composition

The Annual General Meeting held on 29 March 2017 elected ten members to UPM’s Board of Directors for a term which will end upon closing of the Annual General Meeting 2018.

 

Board of Directors of UPM-Kymmene Corporation

Björn Wahlroos

Chairman
  • Chairman and member since 2008
  • Chairman of the Nomination and Governance Committee 
  • Independent of the company and significant shareholders 
  • Born 1952, Finnish citizen 
  • Ph.D.(Econ.)​
Main occupation
  • Chairman of the Board of Sampo plc since 2009
Career history
  • President and CEO of Sampo plc 2001–2009
  • Chairman of the Board of Mandatum Bank plc 1998–2000
  • CEO and Vice Chairman of the Board of Mandatum & Co Ltd 1992–1997
  • Member of the Executive Committee and Executive Vice President of the Union Bank of Finland 1985–1992
Key positions of trust
  • Chairman of the Board of Nordea Bank AB (publ) and Hanken School of Economics

Berndt Brunow

Deputy Chairman
  • Member since 2002, Deputy Chairman since 2005
  • Member of the Nomination and Governance Committee
  • Independent of the company and significant shareholders
  • Born 1950, Finnish citizen
  • B.Sc. (Econ.)
Main occupation
  • Chairman of the Board of Oy Karl Fazer Ab since 2009
Career history
  • ​President and CEO of Oy Karl Fazer Ab 2002–2007
  • President and CEO of Sanitec Corporation 2000–2002
  • Over 20 years of experience in executive positions at Finnpap and UPM-Kymmene Corporation
Key positions of trust
  • Chairman of the Board of Lemminkäinen Corporation 
  • Board member of Hartwall Capital Oy Ab

Henrik Ehrnrooth

  • Member since 2015
  • Member of the Remuneration Committee
  • Independent of the company and significant shareholders
  • Born 1969, Finnish citizen
  • M.Sc. (Econ.)
Main occupation
  • CEO of KONE Corporation since 2014
Career history
  • Executive Vice President and CFO of KONE Corporation 2009–2014
  • Goldman Sachs International, London, various positions in Investment Banking Division 1998–2009
  • UBS Limited, London, Corporate Finance 1994–1998
Key positions of trust
  • Member of the Foundation Board of the International Institute for Management Development (IMD, Switzerland)

Piia-Noora Kauppi

  • Member since 2013
  • Chairman of the Audit Committee​
  • Independent of the company and significant shareholders
  • Born 1975, Finnish citizen
  • LL.M.
Main occupation
  • Managing Director of the Federation of Finnish Financial Services since 2009
Career history
  • Member of the European Parliament and member of various parliamentary committees 1999–2008, Head of the Finnish Delegation in the EPP-ED Group 2004–2008
  • Legal advisor for the Parliamentary Group of the National Coalition Party Kokoomus 1997–1999
Key positions of trust
  • Board member of Sulava Oy and Finnish Financial Ombudsman Bureau
  • Member of the Supervisory Board of Helsinki Deaconess Institute and HSE Foundation
  • Member of the Executive Committee of European Banking Federation (Chairman 2014–2015)

Wendy E. Lane

  • Member since 2005
  • Member of the Audit Committee
  • Independent of the company and significant shareholders
  • Born 1951, US citizen
  • MBA (Harvard) 
Main occupation
  • Chairman of the Board of Lane Holdings, Inc. since 1992
Career history
  • Managing Director and Principal at Donaldson, Lufkin & Jenrette Securities Corp. 1981–1992
  • Banking Associate at Goldman, Sachs & Co. 1977–1980
Key positions of trust
  • Board member of Willis Towers Watson PLC (former Willis Group Holdings PLC), MSCI Inc. and Al-Dabbagh Group Holding Company Limited

Jussi Pesonen

  • Member since 2007
  • Independent of significant shareholders, non-independent of the company
  • Born 1960, Finnish citizen
  • M.Sc.(Eng.)
Main occupation
  • President and CEO of UPM-Kymmene Corporation since 2004
Career history
  • COO of UPM-Kymmene Corporation Paper Divisions and Deputy to the President and CEO 2001–2004
  • Several management positions in UPM Paper Divisions 1987–2001
Key positions of trust
  • Chairman of the Board of the Finnish Forest Industries Federation (FFIF)
  • Chairman of the Board of the Finland Chamber of Commerce and ICC Finland
  • Board member of the Confederation of European Paper Industries (CEPI) and East Office of Finnish Industries Oy

Ari Puheloinen

  • Member since 2014
  • Member of the Nomination and Governance Committee
  • Independent of the company and significant shareholders
  • Born 1951, Finnish citizen
  • General Staff Officer
Main occupation
  • General (ret.)
Career history
  • Commander of the Finnish Defence Forces 2009–2014
  • Chief of Finnish Defence Command 2007–2009 and Commander of the Eastern Command 2004–2007
  • Deputy Chief of Operations of the Finnish Defence Staff 2000–2003 and Brigade Commander 1999–2000
  • Principal Secretary of the Defence Council 1997–1999
  • Assistant Defence Attaché in Moscow 1986–1990
Key positions of trust
  • Board member of Patria Plc and the Association for the New Children’s Hospital 2017

Veli-Matti Reinikkala

  • Member since 2007
  • Chairman of the Remuneration Committee
  • Independent of the company and significant shareholders
  • Born 1957, Finnish citizen
  • eMBA
Main occupation
  •  Non-executive director
Career history
  • ​President of ABB Region Europe in 2015 and member of the Group Executive Committee of ABB Ltd 2006–2015
  • Head of ABB Process Automation Division 2006–2014
  • Business Area Manager for ABB Process Automation 2005
  • Automation Technologies Division Manager in ABB China 2003–2004
  • Manager for ABB Drives 1997–2002
  • CFO of ABB Industry Oy 1994–1996
  • Before 1994, various positions in paper and packaging companies in Finland
Key positions of trust
  • Chairman of the Board of Cramo Plc and Board member of Fortum Corporation

Suzanne Thoma

  • Member since 2015
  • Member of the Remuneration Committee
  • Independent of the company and significant shareholders
  • Born 1962, Swiss citizen
  • Ph.D. (Chem. Eng.), BA (Business Admin.)
Main occupation
  • Chief Executive Officer of BKW Ltd. since 2013
Career history
  • 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
  • Prior to that, various positions at Ciba Specialty Chemicals Corp. (former Ciba-Geigy) 1990–2002
Key positions of trust
  • Board member of Schaffner Holding AG and Beckers Group

Kim Wahl

  • Member since 2012
  • Member of the Audit Committee
  • Independent of the company and significant shareholders
  • Born 1960, Norwegian citizen
  • MBA (Harvard)
  • BA (Business Econ., San Diego)
Main occupation
  • Chairman of the Board of Strømstangen AS since 2009
Career history
  • Deputy Chairman and Co-­founder of the European private equity firm IK Investment Partners 1989–2009
  • Associate, Corporate Finance, Goldman, Sachs & Co. 1987–1989
Key positions of trust
  • Board member of DNB Bank ASA and Intermediate Capital Group plc
  • Chairman of the Board of Voxtra AS and Voxtra Foundation