UPM-Kymmene Corporation has announced the appointment of Tim Kirchen as the Executive Vice President of UPM Raflatac. Kirchen will also join the Group Executive Team and report to President and CEO, Massimo Reynaudo. Currently serving as Senior Vice President for the Americas region at UPM Raflatac, Kirchen has been with UPM since 2018. Prior to this, he held senior roles at SIG Combibloc Group. Kirchen, a German and US citizen, will assume his new role in Helsinki, Finland, starting from 1 August 2024.

The Annual General Meeting (AGM) of UPM-Kymmene Corporation was held on 4 April 2024 in Helsinki, Finland. The AGM adopted the Financial Statements for 2023, and a dividend of EUR 1.50 per share was approved, to be paid in two instalments. The AGM approved the Remuneration Report and Remuneration Policy, elected the auditor for 2025, and authorized the Board of Directors to decide on the issuance of new shares, repurchase of the company's own shares, and charitable contributions. Melanie Maas-Brunner was elected as a new director, replacing Emma FitzGerald. The remuneration for the Board of Directors was increased, with the Chair to receive an annual base fee of EUR 231,000. The Board was also authorized to decide on the issuance of new shares and special rights, and to repurchase a maximum of 50,000,000 of the company's own shares. The Board can also resolve on contributions up to a total of EUR 1,000,000 for charitable purposes.