UPM’s Chief Financial Officer and Executive Vice President, Tapio Korpeinen has expressed his intent to retire from his positions and the UPM Group Executive Team at the end of 2026 after reaching his contractual retirement age and continue as Senior Advisor until mid-2027.
“On behalf of the whole UPM, I want to express our gratitude to Tapio for his invaluable contribution to UPM’s success during his 22 years in the company. He has held an integral role in UPM’s transformation and shareholder value creation, both as a CFO and in driving the UPM Energy business,” says Massimo Reynaudo, President and CEO.
The company has initiated the succession plans, and will search for successors for both the Chief Financial Officer and Executive Vice President, separately.
Risto Penttinen has been appointed Executive Vice President, Transformation and member of the UPM’s Group Executive Team as of April 13, 2026. He will report to Massimo Reynaudo.
