Ms. Riitta Savonlahti, aged 40, M.Sc. (Econ), has been appointed Executive Vice President, Human Resources of UPM. Ms. Savonlahti is currently Senior Vice President, Human Resources with Elcoteq Network Corporation and will assume her new duties latest in June 2004. Her predecessor, Mr. Harald Finne, has been previously appointed President of UPM's Wood Products Division.
March 24, 2004