UPM.COM

Board ownership

The payment of board remuneration in shares and cash has long been a practice at UPM. Board members are encouraged to own company shares on a long-term basis and most of them have substantial holdings, indicating a close alignment of directors’ interests with those of shareholders.


On 31 December 2019, the Board members (including the President and CEO) owned a total of 1,162,920 UPM shares, corresponding to 0.22% of the total number of shares and votes in the company. 

Board remuneration shares purchased to the Board members in 2019 may not be transferred within two years from the purchase date (29 April 2019) or until the director's membership in the Board has ended, whichever occurs first.

Shareholdings of the Board

Director​                UPM shares
on 31 December 2018​
​No. of purchased shares in 2019 ​UPM shares
on 31 December 2019​
​Björn Wahlroos, Chair ​262,283 ​2,911​ ​265,194​
​Berndt Brunow, Deputy Chair ​310,465 2,068​ ​312,533
Henrik Ehrnrooth​ 7,821 ​1,685​ ​9,506
​Piia-Noora Kauppi ​17,706 ​1,685​​ ​19,391
​Marjan Oudeman 1,470 ​1,685​​ ​3,155​
​Jussi Pesonen, President and CEO ​418,859 47,613 *)​ 466,472
​Ari Puheloinen 9,846 ​1,685​​ ​11,531​
​Veli-Matti Reinikkala ​42,642 ​1,685​​ ​44,327
​Suzanne Thoma ​7,821 ​1,685​​ 9,506
​Kim Wahl ​19,620 ​1,685​​ ​21,305​

​*) Long-term incentive shares under PSP 2016-2018