Mr. Henrik Ehrnrooth has been the Chairman of the company since April 2023. Previously, he served as the Chief Financial Officer and an Executive Board member of KONE Corporation. Mr. Ehrnrooth served as the Chief Executive Officer of KONE Corporation. Earlier, he worked at Goldman Sachs International.

Mr. Massimo Reynaudo has been the Chief Executive Officer and President of the company since January 2024. Prior to this, he served as an Executive Vice President of UPM Communication Papers and Senior Vice President of UPM Raflatac.

Mr. Tapio Korpeinen has been the Chief Financial Officer and an Executive Vice President of UPM Energy at the company since 2010. Prior to this, he served as the President of Energy and Pulp Business Group from 2008 to 2010, and the Vice President of Corporate Development and Senior Vice President of Strategy from 2005 until 2008. He held several management positions at Jaakko Poyry Consulting in Finland and North America from 1991 to 1998 and from 1999 to 2005, respectively. Earlier, Mr. Korpeinen worked at A.T. Kearney in Finland from 1998 to 1999; and McKinsey & Company in Sweden from 1988 until 1990. Currently, he serves as the Chairman of the Board of Pohjolan Voima Oy, Vice Chair of the Board of Kemijoki Oy, Board member of Teollisuuden Voima Oyj, and Supervisory Board member of Varma Mutual Pension Insurance Company.