UPM appoints Marko Koskela, current VP of Business Controlling, Energy and Pulp Business Group at UPM, to Senior VP, UPM Energy, replacing Anja Silvennoinen, who is leaving the company

Debra Garcia

HELSINKI , January 16, 2013 (press release) – Marko Koskela has been appointed Senior Vice President, UPM Energy, starting from 1 February 2013. He will transfer to the new position from his current post in UPM as Vice President, Business Controlling, Energy and Pulp Business Group.

Current Head of UPM Energy, Anja Silvennoinen, has decided to leave UPM after nine years in the company. She will continue to support Marko Koskela during the next couple of months before moving to new challenges. “I want to express my warmest thanks to Anja for the great work she has done in building up the Energy Business Area to the current performance level,” says Heikki Vappula, President for Energy and pulp Business Group.

UPM Energy Business Area continues to develop in line with the growth of the climate-friendly energy market. UPM Energy has a solid platform for further development based on our expertise in market operations, as well as our unrivalled knowledge in renewable and versatile energy production. We have roughly 70 energy professionals operating in Nordic and Central European energy markets. The company’s versatile and cost efficient generation capacity consists of hydropower, nuclear power, condensing power, wind power and biomass based combined heat and power.

UPM leads the integration of bio and forest industries into a new, sustainable and innovation-driven future. Our products are made of renewable raw materials and are recyclable. UPM consists of three Business Groups: Energy and pulp, Paper, and Engineered materials. The Group employs around 23,000 people and it has production plants in 17 countries. UPM's annual sales exceed EUR 10 billion. UPM's shares are listed on the Helsinki stock exchange. UPM – The Biofore Company – www.upm.com

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