Jussi Pesonen, President and CEO of UPM, will assume, on top of his regular duties, temporary responsibility as the Head of UPM Biorefining. The businesses and the transformative growth initiatives in Uruguay and biofuels formerly reporting to Heikki Vappula, will continue operations with existing resources and plans.

UPM will initiate a process for permanent management arrangements in due course.

UPM Biorefining consists of pulp, timber and biofuels businesses.UPM has three pulp mills in Finland and one mill and plantation operation in Uruguay. UPM operates four sawmills and one biorefinery in Finland.

Photo: Jussi Pesonen, President and CEO of UPM