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 2018, the President and CEO and other members of the Group Executive Team owned a total of 992,749 UPM shares, corresponding to 0.19% of the total number of shares and votes in the company.

 

Shareholdings of the Group Executive Team

Member​ ​Position ​UPM shares 31 December 2018​
​Jussi Pesonen ​President and CEO ​418,859
​​Tapio Korpeinen ​​CFO, EVP UPM Energy ​147,064​
​​Bernd Eikens ​​EVP, UPM Biorefining ​65,462
​​Pirkko Harrela ​​EVP, Stakeholder Relations 80,837
​​Antti Jääskeläinen ​​EVP, UPM Raflatac 14,178​​
​​Juha Mäkelä ​​General Counsel 62,467
​​Jyrki Ovaska ​​EVP, Technology ​87,627
​​Riitta Savonlahti ​​EVP, Human Resources ​15,354
​​Winfried Schaur ​​EVP, UPM Communication Papers ​30,969
​​Mika Sillanpää ​​EVP, UPM Plywood ​​39,388
​​Kari Ståhlberg ​​EVP, Strategy ​30,544