Appointment roundup: Monadnock appoints new Director as UPM names new Board Chair

USA – Manufacturer of technical specialty and premium printing and packaging papers, Monadnock Paper Mills announced that Stephen Murphy has rejoined the Company as Director of Supply Chain and Logistics.

Steve joined the company in January of 1988 as an hourly employee and rose to the position of Paper Machine Tender.

In January 1997, he was promoted to the position of Maintenance Purchasing/Stockroom Manager.

Richard Verney, chairman and CEO said: “We are fortunate to welcome Steve to our leadership team. He consistently exceeded expectations in positions of increasing responsibility during his tenure at ENCON.

“His planning, management and communications skills will serve Monadnock well in today’s challenging business climate.”

Steve left Monadnock in 2007 to pursue his education and a career progression with ENCON Evaporators, Inc. of Hooksett, NH.

He earned a Bachelor of Science in Operations Management & Supply Chain, Summa Cum Laude, from Southern New Hampshire University.

While attending college, he continued his career with ENCON, holding multiple positions from 2007 through 2023 including Purchasing Manager, Operations and Production Manager, and Supply Chain Manager.

UPM names Henrik Ehrnrooth as Board Chair

Meanwhile, Finnish forest industry company, UPM-Kymmene Corporation has elected Henrik Ehrnrooth as the Board chair and Kim Wahl as Deputy Chair of the Board of Directors at the Board of Directors’ constitutive meeting that took place today following the Annual General Meeting.

In addition, the Board of Directors elected the chairs and other members to the Board committees from among its members:

Kim Wahl was re-elected to chair the Audit Committee, and Pia Aaltonen-Forsell and Marjan Oudeman were elected as other committee members.

Martin à Porta was re-elected to chair the Remuneration Committee, and Emma FitzGerald and Topi Manner were elected as other committee members.

Henrik Ehrnrooth was elected to chair the Nomination and Governance Committee, and Jari Gustafsson and Piia-Noora Kauppi were elected as other committee members.

As assessed by the Board, all committee members are independent of both the Company and its significant shareholders, so the committees fulfill their respective independence criteria as set out in the Finnish Corporate Governance Code.

The meeting follows the company’s announcement concerning the sale of all its operations in Russia to Gungnir Wooden Products Trading.

“The parties have agreed not to disclose the details of the transaction,” the Finnish company said in a statement.

UPM-Kymmene put its business in Russia on hold and ceased delivery of its products to the country in March 2022 after the war in Ukraine began.

The assets in Russia accounted for less than 1% of the group’s total operations, it said last year. Sales to Russia and Ukraine generated less than 2% of UPM’s revenue in 2021.

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