UPM and Sappi Name Leaders for Graphic Paper Joint Venture
UPM and Sappi have nominated the remaining management team for their planned graphic paper joint venture, pending regulatory approval and transaction completion. The appointments follow earlier nominations for CEO and CFO roles.
Helsinki, Finland – UPM and Sappi have conditionally appointed the full management team for their planned graphic paper joint venture, the companies announced on September 14, 2026. These nominations are subject to regulatory approvals and the successful completion of the transaction.
The latest appointments include Jan Gustafsson as Senior Vice President for Human Resources, overseeing HR, Strategy, and Communications. These roles will be critical in integrating the operations of the two companies within the new entity.
Earlier in September, Gunnar Eberhardt was nominated as Chief Executive Officer, and Stephen Blyth as Chief Financial Officer. The formation of this joint venture aims to combine the graphic paper businesses of UPM and Sappi, potentially reshaping market dynamics in the sector.
Details regarding the specific market impact and integration plans are expected following the finalization of regulatory reviews and the official launch of the joint venture.