UPM.COM

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 2019, the President and CEO and other members of the Group Executive Team owned a total of 1,177,117 UPM shares, corresponding to 0.22% of the total number of shares and votes in the company.

 

Shareholdings of the Group Executive Team

Member​ ​Position ​UPM shares 31 December 2019​
​Jussi Pesonen ​President and CEO ​466,472
​​Tapio Korpeinen ​​CFO, EVP UPM Energy ​168,013​
​​Bernd Eikens ​​EVP, UPM Biorefining ​84,785
​​Pirkko Harrela ​​EVP, Stakeholder Relations 92,264
​​Antti Jääskeläinen ​​EVP, UPM Raflatac 23,700​​
​​Juha Mäkelä ​​General Counsel 73,894
Jaakko Nikkilä EVP, UPM Specialty Papers (as of 1 July 2019) 2,172
​​Jyrki Ovaska ​​EVP, Technology ​99,054
​​Riitta Savonlahti ​​EVP, Human Resources ​26,781
​​Winfried Schaur ​​EVP, UPM Communication Papers ​45,292
​​Mika Sillanpää ​​EVP, UPM Plywood ​​52,719
​​Kari Ståhlberg ​​EVP, Strategy ​41,971