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UPM has appointed Antti Jääskeläinen to take temporary charge of its Communication Papers division. Jääskeläinen will continue in his role as EVP at the UPM Raflatac business until a full-time head of Communication Papers has been appointed. Former Communication Papers EVP Massimo Reynaudo – who was appointed in 2021 – has been the group’s CEO
Q3 sales at paper and packaging group UPM fell by 24% year on year, with the steepest decline coming from its Communication Papers business area. Total company sales in the third quarter were €2.58 billion ($2.75 billion), down from €3.42 billion 12 months ago. Last year’s Q3, it should be noted, was favourably impacted by
UPM has announced plans to close its Plattling mill in Germany alongside interim results that were impacted by destocking and lower pulp prices in Q2.
Georgia-Pacific (GP) exec Scott Light has announced he is retiring after 25 years with the company. Light currently leads GP’s Packaging & Cellulose segment, which includes the paperboard, corrugated and cellulose pulp businesses, a position he has occupied since 2017. Prior to that, he served as President of GP Pro & Communication Papers as well
Finnish forestry firm UPM's first-quarter underlying earnings rose by 29% from a year earlier, the company said on Tuesday, but missed analysts expectations, sending its shares 2% lower.