UPM-Kymmene Oyj Management

Management criteria checks 4/4

UPM-Kymmene Oyj's CEO is Jussi Pesonen, appointed in Jan 2004, has a tenure of 18.75 years. total yearly compensation is €4.06M, comprised of 26.9% salary and 73.1% bonuses, including company stock and options. directly owns 0.099% of the company’s shares, worth €18.80M. The average tenure of the management team and the board of directors is 12.6 years and 4.5 years respectively.

Key information

Jussi Pesonen

Chief executive officer

€4.1m

Total compensation

CEO salary percentage	26.9%
CEO tenure	18.8yrs
CEO ownership	0.1%
Management average tenure	12.6yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jussi Pesonen's remuneration changed compared to UPM-Kymmene Oyj's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2022	n/a	n/a	€1b
Mar 31 2022	n/a	n/a	€1b
Dec 31 2021	€4m	€1m	€1b
Sep 30 2021	n/a	n/a	€1b
Jun 30 2021	n/a	n/a	€731m
Mar 31 2021	n/a	n/a	€594m
Dec 31 2020	€5m	€1m	€560m
Sep 30 2020	n/a	n/a	€638m
Jun 30 2020	n/a	n/a	€804m
Mar 31 2020	n/a	n/a	€947m
Dec 31 2019	€6m	€1m	€1b
Sep 30 2019	n/a	n/a	€1b
Jun 30 2019	n/a	n/a	€1b
Mar 31 2019	n/a	n/a	€1b
Dec 31 2018	€6m	€1m	€1b
Sep 30 2018	n/a	n/a	€1b
Jun 30 2018	n/a	n/a	€1b
Mar 31 2018	n/a	n/a	€1b
Dec 31 2017	€5m	€1m	€973m
Sep 30 2017	n/a	n/a	€917m
Jun 30 2017	n/a	n/a	€899m
Mar 31 2017	n/a	n/a	€892m
Dec 31 2016	€5m	€1m	€879m
Sep 30 2016	n/a	n/a	€885m
Jun 30 2016	n/a	n/a	€1b
Mar 31 2016	n/a	n/a	€988m
Dec 31 2015	€3m	€1m	€916m

Compensation vs Market: Jussi's total compensation ($USD3.97M) is about average for companies of similar size in the German market ($USD4.53M).

Compensation vs Earnings: Jussi's compensation has been consistent with company performance over the past year.

CEO

Jussi Pesonen (62 yo)

18.8yrs

Tenure

€4,063,000

Compensation

Mr. Jussi Pesonen, M.Sc. (Eng.), has been Chief Executive Officer and President of UPM-Kymmene Oyj. since January 29, 2004. He has been Chief Executive Officer and President of UPM-Kymmene Oyj since Januar...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jussi Pesonen	President & CEO	18.8yrs	€4.06m	0.099% € 18.8m
Tapio Korpeinen	CFO & Executive VP of UPM Energy	12.4yrs	no data	0.037% € 6.9m
Winfried Schaur	Executive Vice President of Technology & UPM Biorefining	less than a year	no data	0.013% € 2.5m
Mika Mikkola	Vice President of Investor Relations	11.2yrs	no data	no data
Juha Makela	General Counsel	17.4yrs	no data	0.017% € 3.2m
Hanna Maula	Vice President of Communications & Brand	3.2yrs	no data	no data
Riitta Savonlahti	Executive Vice President of Human Resources	18.4yrs	no data	0.0047% € 884.2k
Pirkko Harrela	Executive Vice President of Stakeholder Relations	8.9yrs	no data	0.014% € 2.7m
Bernd Eikens	Executive Vice President of UPM Fibres	14.8yrs	no data	0.021% € 4.0m
Anu Ahola	Senior Vice President of SBU Newspaper Publishing for UPM Paper Europe & North America	14.8yrs	no data	no data
Kari Stahlberg	Executive Vice President of Strategy	12.8yrs	no data	0.011% € 2.0m
Antti Jaaskelainen	Executive Vice President of UPM Raflatac	6.8yrs	no data	0.0087% € 1.6m

12.6yrs

Average Tenure

57.5yo

Average Age

Experienced Management: RPL's management team is seasoned and experienced (12.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kim Wahl	Independent Director	10.6yrs	€150.00k	0.0046% € 870.9k
Bjorn Wahlroos	Independent Chairman	14.6yrs	€215.00k	0.051% € 9.6m
Jari Gustafsson	Independent Director	1.6yrs	€130.00k	0.00026% € 49.2k
Henrik Ehrnrooth	Independent Deputy Chairman of the Board	7.5yrs	€135.00k	0.0024% € 450.6k
Topi Manner	Independent Director	less than a year	no data	no data
Emma FitzGerald	Independent Director	2.6yrs	€140.00k	0.0015% € 291.6k
Martin Porta	Independent Director	2.6yrs	€125.00k	0.0038% € 725.1k
Piia-Noora Kauppi	Independent Director	9.5yrs	€125.00k	0.0042% € 802.8k
Marjan Oudeman	Independent Director	4.5yrs	€130.00k	0.0015% € 289.7k

4.5yrs

Average Tenure

55yo

Average Age

Experienced Board: RPL's board of directors are considered experienced (4.5 years average tenure).

UPM-Kymmene Oyj Management

Management criteria checks 4/4

Key information

Recent management updates

UPM-Kymmene Corporation Approves the Appointment of Melanie Maas-Brunner as Director to the Board

UPM-Kymmene Corporation Announces Antti Jääskeläinen to Leave as Executive Vice President, Upm Raflatac

UPM-Kymmene Oyj Announces Executive Changes

Upm-Kymmene Oyj Appoints Tomi Sederholm as Senior Vice President, Business Control and Finance Operations, Effective December 1, 2023

Upm-Kymmene Oyj Appoints Aki Temmes as Executive Vice President for Upm Fibres Business Area as of 1 December 2023

Upm-Kymmene Oyj Appoints Petri Hakanen as Senior Vice President Technology, Effective 1 August 2023

Recent updates

UPM-Kymmene Corporation Provides Earnings Guidance for the First Half and Full Year of 2024

UPM-Kymmene Corporation Approves the Appointment of Melanie Maas-Brunner as Director to the Board

UPM-Kymmene Corporation Approves Dividend for the Year 2023, Payable on 16 April 2024 and 7 November 2024 Respectively

UPM-Kymmene Corporation Announces Antti Jääskeläinen to Leave as Executive Vice President, Upm Raflatac

UPM-Kymmene Corporation Provides Earnings Guidance for the First Half and Full Year of 2024

UPM-Kymmene Oyj Announces Executive Changes

Heinzel Holding GmbH acquired Upm-Kymmene Austria Gmbh from UPM-Kymmene Oyj (HLSE:UPM).

Upm-Kymmene Oyj Appoints Tomi Sederholm as Senior Vice President, Business Control and Finance Operations, Effective December 1, 2023

UPM-Kymmene Oyj Announces Second Instalment of Dividend, Payable on 2 November 2023

UPM-Kymmene Oyj to Report Q1, 2024 Results on Apr 25, 2024

UPM-Kymmene Oyj Provides Earnings Guidance for the Second Half and Full Year of 2023

Upm-Kymmene Oyj Appoints Aki Temmes as Executive Vice President for Upm Fibres Business Area as of 1 December 2023

Upm-Kymmene Oyj Provides Earnings Outlook for the Second Half and Full-Year 2023

UPM Decides to Close 485,000 Tonnes of Graphic Paper Capacity in Europe

Upm-Kymmene Oyj Appoints Petri Hakanen as Senior Vice President Technology, Effective 1 August 2023

UPM-Kymmene Corporation Revises Earnings Guidance for the Full Year 2023

UPM Renews its Dividend Policy

UPM-Kymmene Oyj to Report Fiscal Year 2022 Results between Feb 27, 2023 and Mar 03, 2023

UPM-Kymmene Oyj to Report Fiscal Year 2022 Results between Feb 27, 2023 and Mar 03, 2023

UPM-Kymmene Oyj to Report Q1, 2023 Results on Apr 25, 2023

UPM-Kymmene Oyj President Jussi Pesonen to Retire During 2024

Upm-Kymmene Oyj Provides Earnings Guidance for the Year 2022

Second quarter 2022 earnings released: EPS: €0.53 (vs €0.45 in 2Q 2021)

UPM-Kymmene Oyj Provides Earnings Guidance for the Year 2022

Heinzel Holding GmbH signed a share purchase agreement to acquire Upm-Kymmene Austria Gmbh from UPM-Kymmene Oyj (HLSE:UPM).

UPM-Kymmene Corporation Revises Earnings Guidance for the First Half and Full Year of 2022

First quarter 2022 earnings released: EPS: €0.25 (vs €0.42 in 1Q 2021)

UPM-Kymmene Oyj Provides Earnings Guidance for the First Half and Full Year of 2022

Upm-Kymmene Oyj Approves Dividend, to Be Paid on 7 April 2022

Upcoming dividend of €1.30 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 22% undervalued

Now 22% undervalued

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Berndt Brunow Not to Stand for Re-Election to the Board of UPM-Kymmene Oyj

UPM-Kymmene Oyj Provides Earnings Guidance for the First Half and Full Year of 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age