Management ownership

The Board of Directors encourages the Group Executive Team members to have direct share ownership in the company. It is recommended that the President and CEO maintains a share ownership of UPM shares corresponding to his two-year gross base salary and other members of the Group Executive Team a share ownership corresponding to a one-year gross base salary. Until the share ownership recommendation is fulfilled, the Group Executive Team members shall retain 50% of the net shares received under the Performance Share Plan.​

 

At the end of 2017, the President and CEO and other members of the Group Executive Team owned a total of 824,148 UPM shares, corresponding to 0.15% of the total number of shares and votes in the company.

 Shareholdings of the Group Executive Team

Member​​Position
​UPM shares
31 December 2017​
​Jussi Pesonen​President and CEO​353,491
​​Tapio Korpeinen​​CFO, EVP UPM Energy​107,103​
​​Bernd Eikens​​EVP, UPM Specialty Papers​47,050
​​Pirkko Harrela​​EVP, Stakeholder Relations ​​69,949
​​Antti Jääskeläinen​​EVP, UPM Raflatac​6,920​​
​​Juha Mäkelä​​General Counsel​51,579
​​Jyrki Ovaska​​EVP, Technology​76,739
​​Riitta Savonlahti​​EVP, Human Resources​13,420
​​Winfried Schaur​​EVP, UPM Communication Papers​13,695
​​Mika Sillanpää​​EVP, UPM Plywood​​26,685
​​Kari Ståhlberg​​EVP, Strategy​19,656
​​Heikki Vappula​​EVP, UPM Biorefining​​​37,861