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In his new role, Elwart will oversee commercial strategy, sales integration, and innovation initiatives across the foodservice segment, including the alignment of Georgia-Pacific and Anchor Packaging sales teams.

Timi Hyppänen, who previously served as SVP, Strategy, will continue his career outside the company.

Anna Karin Hatt has chosen to withdraw her candidacy at her own request.

Delivered strong earnings growth and free cash flow in dynamic quarter.

Net loss of $13 million, or $0.80 per diluted share versus net loss of $6 million, or $0.38 per diluted share in the first quarter of 2025.

Net income decreased 32.3% to $12.6 million or $0.22 per diluted Class A share compared to net income of $18.6 million or $0.32 per diluted Class A share.

The quarter was characterized by geopolitical challenges, unfavorable currency effects, and weather-related disruptions in North America. Cash flow showed a marked improvement, with all segments contributing positively.

Curated color collection designed for coastal aesthetics and proven performance.

Metsä Group reported a comparable operating result of Euro 4 million for the Q1 2026, compared to Euro 81 million in the same period last year, due to muted demand for market pulp in Europe and China, lower delivery volumes, and the negative impact of US import tariffs.

PepsiCo, Givaudan, Statkraft and Smurfit Westrock announce a renewable energy initiative enabled by the pep+ REnew program, supported by Statkraft, to reduce emissions across Europe.

Companies were selected through a comprehensive screening process that included both public and private U.S.-headquartered organizations with revenues exceeding $500 million.

The Board will decide separately on the commencement and length of any possible earning period for each key employee.

UPM-Kymmene reported first-quarter revenue in line with expectations, while adjusted operating profit came in ahead of forecasts.

UFP Industries announced the acquisition of the operating assets, including real estate, of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minnesota for approximately $20 million.

BTG Pactual Timberland Investment Group (BTG Pactual TIG), one of the world's largest timberland managers, announced the close of fundraising for its Latin American Reforestation Strategy, reaching US$1.24 billion in commitments.

Paper manufacturer settles federal lawsuit charging it with sexual harassment at its Inola, Oklahoma plant and firing the woman after she complained.

The move will likely require the companies to offer concessions such as asset sales to address the competition concerns.

Based on the strategic review, the Board of Directors of UPM has approved a demerger plan concerning a partial demerger of UPM. According to the demerger plan, UPM will demerge so that all assets and liabilities of UPM relating to the UPM Plywood business area, or mainly serving the UPM Plywood business area, are transferred to WISA Group Plc ("WISA Group"), a company to be established in the demerger (the "Demerger").