Tim Kirchen has been promoted to EVP of label materials supplier UPM Raflatac. Kirchen is currently the company’s SVP of Americas, a role he has been in since 2018, when he joined UPM. The Germany national will officially start his new position on 1 August, relocating to Helsinki in the process. He will become a
Comparable operating margin at UPM’s Communication Papers business was stable in 2023 despite lower prices and volumes. Communication Papers reported FY2023 revenue of €3.6 billion ($3.9 billion), a year-on-year drop of 26%. This reflected a steep decline in demand across many paper grades – especially in the first three quarters of the year – and
UPM has appointed Antti Jääskeläinen to take temporary charge of its Communication Papers division. Jääskeläinen will continue in his role as EVP at the UPM Raflatac business until a full-time head of Communication Papers has been appointed. Former Communication Papers EVP Massimo Reynaudo – who was appointed in 2021 – has been the group’s CEO
Label stock supplier UPM Raflatac has announced that all papers used in its labelling materials are now certified under third-party forest certification schemes. This means the company has reached its 2030 responsible sourcing and climate targets six years ahead of schedule. Maria Seppälä, VP Sourcing at UPM Raflatac, attributed this early achievement to the collaboration
(UPM, Helsinki, 2 November 2023 at 13:00 EET) – Tomi Sederholm has been appointed as Senior Vice President, UPM Business Control and Finance Operations as of 1 December 2023. He reports to Tapio Korpeinen, Chief Financial Officer, UPM, and he is based in Helsinki, Finland. Tomi Sederholm has been working for UPM since 2008 and is currently Vice President, Business Control, UPM Fibres. Earlier he has led Strategy and Business Control at UPM Energy. He is also the Chairman of the Audit Committee o