Petri Hakanen to lead UPM Fibres – Aki Temmes appointed CFO

UPM will make changes to its Group Executive Team at the beginning of 2027. Petri Hakanen will become Executive Vice President, UPM Fibres, while the business area’s current head, Aki Temmes, will take over as Chief Financial Officer.

Petri Hakanen, appointed Executive Vice President, UPM Fibres. — Petri Hakanen will become Executive Vice President, UPM Fibres and join UPM’s Group Executive Team on January 1, 2027. He has led Fibres Finland Operations since October 2024.

Both will assume their new roles on January 1, 2027 and will be based in Helsinki, Finland. Hakanen will join UPM’s Group Executive Team, while Temmes will continue as a member. Both will report to Massimo Reynaudo, President and CEO.

Hakanen brings extensive experience in operations and investments

Petri Hakanen has served as Senior Vice President, Fibres Finland Operations since October 2024. Before this, he was Senior Vice President, Technology (CTO), responsible for UPM’s research and development activities and investment management.

From 2018 to 2023, Hakanen led the Uruguay Development Project, overseeing the delivery and start-up of the Paso de los Toros pulp mill in April 2023.

Hakanen joined UPM in 1991 and has held several leadership positions in the UPM Specialty Papers, UPM Communication Papers and UPM Fibres businesses. Born in 1967, he holds a Master of Science in Industrial Management and Paper Technology from Helsinki University of Technology.

“Petri has exceptionally strong credentials to lead the UPM Fibres business drawing on his experience and understanding of both the Fibres South and Fibres North businesses. During his more than three decades at UPM, Petri has built extensive expertise in operations, technology, business leadership and strategic transformations that will serve him well as he takes on this new responsibility,” says Reynaudo.

Temmes moves from UPM Fibres to CFO

Aki Temmes, appointed Chief Financial Officer of UPM. — Aki Temmes will move from his role as Executive Vice President, UPM Fibres to become UPM’s Chief Financial Officer on January 1, 2027. He will continue as a member of the Group Executive Team.

Aki Temmes has served as Executive Vice President, UPM Fibres since December 2023. Before this, he was Senior Vice President, Business Control and Finance Operations.

Temmes joined UPM in 2003 and has held several finance and business leadership positions. Born in 1977, he holds a Master of Science in Finance from Tampere University and an Executive MBA from Hanken School of Economics.

“Aki is exceptionally well qualified for the role of CFO. He has over 20 years of experience across finance, business control and business leadership roles at UPM, providing a strong combination of financial expertise, strategic insight and business acumen. He has also successfully led UPM Fibres for the past three years,” says Reynaudo.