Jaakko Nikkilä appointed Executive Vice President, UPM Specialty Papers

Stock Exchange Release 27.6.2019 17:15 EEST

UPM-Kymmene Corporation      Changes board/management/auditors         27 June 2019 at 16:15 EET

Jaakko Nikkilä appointed Executive Vice President, UPM Specialty Papers

Jaakko Nikkilä has been appointed Executive Vice President responsible for UPM Specialty Papers business area as of 1 July 2019. He will be based in Helsinki reporting to Jussi Pesonen, President and CEO.

Jaakko Nikkilä is currently Senior Vice President for UPM Specialty Papers European and North American business unit. He has been in his current role since 2018. Before that he was responsible for UPM Specialty Papers sales in APAC region, based in Shanghai for five years. He joined UPM in 1995.

Jaakko holds a Master's degree in Engineering and Industrial management from Helsinki University of Technology and eMBA from Aalto University. He is 52 years old and a Finnish citizen.

"Jaakko has a broad understanding of the entire value chain in the specialty paper business. He has exceptionally strong experience in doing business in Asia. I know him as a team player and a person who delivers. UPM Specialty Papers is in an interesting phase with growth investments in Germany, China and Finland proceeding well. I am confident that Jaakko's active input will bring this growth step to a successful conclusion," says Pesonen.

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

UPM, Media Relations
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UPM Specialty Papers
UPM Specialty Papers produces labelling and packaging materials to global markets and fine papers to Asian markets. Its main customers are paper converters, distributors, retailers and printers. UPM Specialty Papers is an industry leader in sustainable development. Its high performance papers are produced in Finland and China. UPM Specialty Papers employs approximately 2,000 people globally. www.upmspecialtypapers.com

We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. We employ around 19,000 people worldwide and our annual sales are approximately EUR 10.5 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore - Beyond fossils. www.upm.com

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