UPM, Sappi name leadership team for planned graphic papers joint venture

• UPM named additional executives for a planned joint venture with Sappi in graphic papers, pending regulatory clearances.
• Gunnar Eberhardt was appointed CEO-designate earlier this month; Stephen Blyth was named CFO-designate.
• Final agreement was signed in May 2026; approvals are expected by end-2026, with operations starting after closing.
• European Commission antitrust review moved to Phase II; the partners continue to run their businesses separately until completion.

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