Sappi and UPM nominate additional management for proposed joint venture

Sappi and UPM have conditionally nominated four additional members of the management team for their proposed graphic paper joint venture.

“We are pleased to nominate these four individuals to join Gunnar and Stephen,” said Steve Binnie, CEO, Sappi and Massimo Reynaudo, President and CEO, UPM. “Their collective experience, proven ability to lead through change and strong understanding of the industry will be instrumental in building a resilient and competitive business.”

The four executives would join previously nominated CEO Gunnar Eberhardt and CFO Stephen Blyth. All appointments remain subject to regulatory approvals and completion of the proposed transaction, with Sappi and UPM continuing to operate independently until closing.

Join our Newsletter

Sign up to our weekly newsletters for updates on articles, interviews and events

Sign up