At the request of UPM-Kymmene Corporation’s Board of Directors Jussi Pesonen will continue as President and CEO until further notice. According to his executive contract he was entitled to retire in November 2020 at the age of 60.

Jussi Pesonen has informed the Board that he is not available for re-election to UPM’s Board of Directors in the annual general meeting of 2020.

He has served as the President and CEO of UPM-Kymmene Corporation since 2004 and as a member of the Board of Directors since 2007.