UPM's Tapio Kolunsarka to transfer to Ramirent PLC

Stock Exchange Release 23.2.2016 9:00 EET

UPM-Kymmene Corporation Stock Exchange Release, 23 February 2016 at 9:00 EET

UPM's Tapio Kolunsarka to transfer to Ramirent PLC

Tapio Kolunsarka, Executive Vice President for UPM Raflatac and member of UPM's Group Executive Team, will leave UPM in order to join Ramirent PLC as President and CEO. He will leave UPM latest end of August, 2016.

"Tapio has had a crucial role in UPM Raflatac's improved performance during almost three years. Under his leadership UPM Raflatac has taken clear steps to become the leading player in self adhesives labels industry. We all wish him every success in his future duties," says Jussi Pesonen, UPM's President and CEO.

Information of UPM Executive Team members can be read on Group's web site.

UPM-Kymmene Corporation
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Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com