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UPM-Kymmene Oyj (OTCPK:UPMKF) Q3 2023 Earnings Convention Name October 24, 2023 6:15 AM ET

Firm Individuals

Jussi Pesonen – CEO

Tapio Korpeinen – CFO

Convention Name Individuals

Justin Jordan – Davy Analysis

Johannes Grunselius – DNB Markets

Ephrem Ravi – Citigroup

Linus Larsson – SEB

Ramachandra Kamath – Barclays

Andrew Jones – UBS

Cole Hathorn – Jefferies

Jussi Pesonen

Expensive associates, expensive UPM and expensive all UPM associates and viewers, welcome to UPM’s Quarter Three, 2023 Outcomes Webcast. My title is Jussi Pesonen, and I am the CEO of UPM and I am right here with our CFO, Tapio Korpeinen.

Tapio Korpeinen

Hi there to everybody.

Jussi Pesonen

I’d really begin to share in the present day’s massive information. I am blissful to say and inform that Massimo Reynaudo has been appointed President and CEO of UPM-Kymmene as of first of January. However earlier than going to that form of introducing Massimo, I’ve to say that this has been nice day. I’ve felt myself proud, privileged and assured. I am happy with all UPM what I’ve been — have had the flexibility to work with in remodeling UPM in the present day’s form of place the place we’re privileged, you realize, it has been nice, nice journey greater than 20 years. That is by the way in which, my eightieth quarterly reporting in the course of the 20 years profession and assured, I am actually assured of the way forward for UPM.

Massimo has been with UPM ever since 2017 and is aware of UPM Communication Papers and UPM Raflatac very properly. Earlier than UPM, he made a really worldwide profession at Kimberly-Clark. Massimo is 53 years previous and Italian citizen. You’ll have many alternatives to get to know him as of subsequent yr.

Our Chairman Henrik Ehrnrooth stated that the Board was in search of three traits once they had been selecting a brand new CEO. First, sharp enterprise acumen, secondly they had been pondering

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