UPM
UPM-Kymmene
In FY2025 the chair received €260,000; the approved annual chair fee was €240,000 (40% in shares).
Board paid total FY2025
€1,427,500
9 directors · €158,611.11 / seat · Board
CEO total remuneration FY2025
€1,387,000
Massimo Reynaudo · CEO
Board look-through
Board paid — amounts paid by director · Shares = share-based fee EUR (ownership count in paren when known)
| Director | Role | Annual | Meetings | Committee | Shares | Total | Ownership % |
|---|---|---|---|---|---|---|---|
| Henrik Ehrnrooth | Chair | €240,000 | — | €20,000 | — | €260,000 | — |
| Kim Wahl | Vice chair | €150,000 | — | €10,000 | — | €160,000 | — |
| Pia Aaltonen-Forsell | Member · Audit chair | €120,000 | — | €50,000 | — | €170,000 | — |
| Jari Gustafsson | Member · Audit member | €120,000 | — | €30,000 | — | €150,000 | — |
| Marjan Oudeman | Member · Audit member | €120,000 | — | €30,000 | — | €150,000 | — |
| Martin à Porta | Member · Remuneration chair | €120,000 | — | €27,500 | — | €147,500 | — |
| Melanie Maas-Brunner | Member | €120,000 | — | €10,000 | — | €130,000 | — |
| Piia-Noora Kauppi | Member | €120,000 | — | €10,000 | — | €130,000 | — |
| Topi Manner | Member | €120,000 | — | €10,000 | — | €130,000 | — |
Source: company rem report · Shares column is share-based fee EUR from the rem report; count in parentheses is year-end holding when disclosed. Browse all directors on People.
CEO remuneration
Executive pay from the rem report — separate from board fees. Ownership and tenure when disclosed.
| CEO | FY | Tenure | Ownership | Base | STI | LTI | Other | Pension | Total |
|---|---|---|---|---|---|---|---|---|---|
| Massimo Reynaudo | 2025 | — | — | €927,000 | €261,000 | €169,000 | €30,000 | — | €1,387,000 |
| Massimo Reynaudo | 2024 | — | — | — | — | — | — | — | €1,418,000 |
Source reports
-
Open ↗Corporate governance statement · FY2025EN
-
Open ↗Remuneration report · FY2025EN
-
Open ↗Remuneration report · FY2024EN
Source: company rem report
At a glance
Approved chair fee
€240,000
40% in shares
Approved member fee
€120,000
Approved fee schedule
| Role | FY | Annual fee | Meeting fee | Share portion |
|---|---|---|---|---|
| Chair | 2025 | €240,000 | — | 40% |
| Vice chair | 2025 | €150,000 | — | 40% |
| Member | 2025 | €120,000 | — | 40% |
| Audit chair | 2025 | €50,000 | — | — |
| Audit member | 2025 | €30,000 | — | — |
| Nomination Gov Chair | 2025 | €20,000 | — | — |
| Nomination Gov Member | 2025 | €10,000 | — | — |
| Remuneration chair | 2025 | €27,500 | — | — |
| Remuneration member | 2025 | €10,000 | — | — |
| Chair | 2024 | €231,000 | — | 40% |
| Vice chair | 2024 | €145,000 | — | 40% |
| Member | 2024 | €120,000 | — | 40% |
| Audit chair | 2024 | €50,000 | — | — |
| Audit member | 2024 | €25,000 | — | — |
| Nomination Gov Chair | 2024 | €20,000 | — | — |
| Remuneration chair | 2024 | €27,500 | — | — |