Tapio Kolunsarka, EVP of UPM Raflatac, Finland, and a member of UPM's Group Executive Team, will leave UPM to join Ramirent PLC, Finland, an equipment rental solutions business, as president and CEO. He will leave UPM at the end of August 2016.

"Tapio has had a crucial role in UPM Raflatac's improved performance during almost three years. Under his leadership, UPM Raflatac has taken clear steps to become the leading player in self adhesives labels industry. We all wish him every success in his future duties," said Jussi Pesonen, UPM's president and CEO.