UPM’s Jussi Pesonen is RISI’s European CEO Of The Year

The profitability program called for improved efficiencies throughout the entire Group over a three-year period to result in annual cost savings of approximately Euro 200 million. Since the announcement, UPM closed several production lines transferring capacity to more productive machines. Simultaneously, UPM confirmed that it will continue investing in its most competitive units. The company also showed exceptional corporate social responsibility by introducing an extensive program to support retraining and relocation thus minimizing the impact of redundancy.