Winfried Schaur appointed Executive Vice President, UPM Paper ENA

Stock Exchange Release 2/4/2016 7:45 AM UTC

UPM-Kymmene Corporation   Stock Exchange Release       4 February 2016 at 9:45 EET

Winfried Schaur appointed Executive Vice President, UPM Paper ENA

Winfried Schaur has been appointed Executive Vice President responsible for UPM Paper ENA (Europe and North America) and member of the Group Executive Team as of 8 February 2016.

Winfried Schaur is currently Senior Vice President responsible for Newspaper publishing business unit within UPM Paper ENA. He has been in his current role since 2013 and in UPM since 2001 holding several leadership positions in the paper business.

He will be based in Augsburg and reports to Jussi Pesonen, President and CEO.

"The UPM Paper ENA management team has done excellent work and with Winfried's appointment I'm sure the solid implementation of the current strategy continues," says Pesonen.

"Paper ENA has been developing very well since the new business structure was decided in 2013. Clear targets, fast decision making and motivated teams are in place at all levels. I will build on this strong fundament together with the team," says Schaur.

Winfried Schaur is 50 years old and has a Master's degree in Mechanical Engineering.

Photos of Winfried Schaur are available in UPM's image gallery.

UPM-Kymmene Corporation
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UPM
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