Björn Wahlroos continues to chair the Board of Directors of UPM-Kymmene Corporation

4/5/2018, 3:35 PM (Source: GlobeNewswire)

UPM-Kymmene Corporation      Changes board/management/auditors         5 April 2018 at 16:35 EET

Björn Wahlroos continues to chair the Board of Directors of UPM-Kymmene Corporation

Björn Wahlroos was re-elected as Chairman, and Berndt Brunow as Deputy Chairman of the Board of Directors of UPM-Kymmene Corporation at the Board of Directors' constitutive meeting that took place today following the Annual General Meeting.

In addition, the Board of Directors elected the chairmen and other members to the Board committees from among its members. The committees are composed of the following members:

-           Piia-Noora Kauppi was re-elected to chair the Audit Committee. Kim Wahl was re-elected and Marjan Oudeman elected as a new member to the committee.

-           Veli-Matti Reinikkala was re-elected to chair the Remuneration Committee, and Henrik Ehrnrooth and Suzanne Thoma were re-elected as other committee members.

-           Björn Wahlroos was re-elected to chair the Nomination and Governance Committee, and Berndt Brunow and Ari Puheloinen were re-elected as other committee members.

As assessed by the Board, all committee members are independent of both the Company and its significant shareholders so the committees fulfil their respective independence criteria as set out in the Finnish Corporate Governance Code.

UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Stakeholder Relations

UPM, Media Relations
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UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumption. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company -

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Source: UPM via Globenewswire

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