Edition:
United Kingdom

Fortum Oyj (FORTUM.HE)

FORTUM.HE on Helsinki Stock Exchange

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18 Jul 2019
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Summary

Name Age Since Current Position

Matti Lievonen

61 2018 Independent Chairman of the Board

Pekka Lundmark

56 2015 President, Chief Executive Officer, Member of the Executive Management

Klaus-Dieter Maubach

56 2018 Independent Deputy Chairman of the Board

Markus Rauramo

51 2017 Chief Financial Officer, Member of the Executive Management

Alexander Chuvaev

59 2009 Executive Vice President, Russia Division; General Director of PAO Fortum; Member of the Executive Management

Per Langer

50 2017 Executive Vice President, City Solutions; Member of the Executive Management

Mikael Ronnblad

50 2017 Executive Vice President, Consumer Solutions, Member of the Executive Management

Tiina Tuomela

53 2016 Executive Vice President, Generation; Member of the Executive Management

Arun Aggarwal

50 2018 Senior Vice President, Business Technology; Member of the Executive Management

Risto Penttinen

51 2016 Senior Vice President, Strategy, People and Performance; Member of the Executive Management

Arto Raty

64 2016 Senior Vice President, Corporate Affairs & Communications; Member of the Executive Management

Sirpa-Helena Sormunen

60 2014 General Counsel, Member of the Executive Management

Philipp Rosler

2019 Director

Marco Ryan

53 2019 Director

Eva Hamilton

65 2015 Independent Director

Kim Ignatius

63 2017 Independent Director

Essimari Kairisto

53 2018 Independent Director

Anja McAlister

59 2017 Independent Director

Veli-Matti Reinikkala

62 2016 Independent Director

Ingela Ulfves

53 2017 Vice President, Investor Relations and Financial Communications

Biographies

Name Description

Matti Lievonen

Mr. Matti Lievonen has been Independent Chairman of the Board at Fortum Oyj since March 28, 2018. He has previously been Independent Deputy Chairman of the Board since April 4, 2017. He holds Bachelor of Science in Engineering, eMBA, and honorary Doctorate of Science in Technology. He is Chairman of the Nomination and Remuneration Committee of the Company. He was President & CEO of Neste Corporation (2008-2018). Previously, he was President of the Fine and Speciality Papers Division at UPM-Kymmene Corporation, and held number of other senior positions at UPM 1986–2008, and prior to that at ABB, Member of UPM-Kymmene’s Executive Board 2002–2008. He serves at European Business Leaders’ Convention and Solvay SA as Member of the Board, and at Suomen Messut Osuuskunta and The Finnish Business and Policy Forum (EVA) as Member of the Supervisory Board.

Pekka Lundmark

Mr. Pekka Lundmark has been President, Chief Executive Officer and Member of the Executive Management at Fortum Oyj since September 7, 2015. He was President and CEO of Konecranes Plc for the past ten years (2005-2015). Before that, he served as Group Executive Vice President at Konecranes Plc (2004-2005). Previously he was President and CEO of Hackman Oyj Abp in 2002-2004, Managing Partner of Startupfactory Oy (2000-2002) and has held various executive positions at Nokia Corporation in 1990-2000. He holds Master of Science degree in Engineering. He serves at Confederation of Finnish Industries as Chairman, Helsinki Metropolitan Smart & Clean Foundation as Chairman of the Board, East Office of Finnish Industries as Member of the Board, Climate Leadership Council as Member of the Board and Fortum Foundation as Member of the Board.

Klaus-Dieter Maubach

Prof. Dr. Klaus-Dieter Maubach has been Independent Deputy Chairman of the Board at Fortum Oyj since March 28, 2018. He is also Member of the Nomination and Remuneration Committee. He is Managing Partner, maubach.icp GmbH. Previously, he was CEO of Encavis AG (former Capital Stage AG) 2015–2016; Member of the Management Board and CTO of E.ON SE 2010–2013; CEO of E.ON Energie AG 2007–2010 and Member of the Management Board 2006–2007; CEO of Avacon AG 2003–2006 and Member of the Management Board 2001–2003; CEO and Member of the German Executive Committee of Fortum Group in Elektrizitaetswerk Wesertal GmbH 2000–2001, Managing Director 1998–2000 and Corporate head of department 1998; Head of technical planning of Energieversorgung Offenbach AG 1996–1998 and Head of dispatching centre 1995–1996; Research assistant, head of system optimization at University of Wuppertal 1989–1994. He is Chairman of the Supervisory Board of Kloepfer & Koeniger GmbH & Co KG; Member of the Supervisory Board of ABB Deutschland AG and Encavis AG; Member of the Board of Directors of Axpo Power AG; Chairman of the Advisory Board and shareholder of SUMTEQ GmbH.

Markus Rauramo

Mr. Markus Heikki Erdem Rauramo has been Chief Financial Officer and Member of the Executive Management at Fortum Oyj since March 1, 2017. He was previously Member of the Management Team and Executive Vice President, City Solutions at Fortum Oyj from April 1, 2016. Before that, he was Executive Vice President, Heat, Electricity Sales and Solutions Division at the Company, from March 1, 2014 and has been Member of the Management Team of the Company since September 1, 2012. He served as Chief Financial Officer of Fortum Oyj, from September 1, 2012 until March 1, 2014. He also served as Acting President and Chief Executive Officer of the Company from March 25, 2013 until the second half of November 2013. Prior to this, he was Chief Financial Officer and Member of the GET at Stora Enso Oyj (2008-2012), Senior Vice President Group Treasurer at Stora Enso International (2004-2008), Vice President Strategy and Investments at Stora Enso Oyj (2001-2004), Vice President Head of Funding at Stora Enso Financial Services (1999-2001) and held several financial tasks at Enso Oyj (1993-1999). He is Member of the Board of Wartsila Oyj Abp and Teollisuuden Voima Oyj and Vice Chairman of the Supervisory Board of Uniper SA. He holds a Master of Science degree in Economics and Political History.

Alexander Chuvaev

Mr. Alexander Chuvaev has been Executive Vice President, Russia Division; General Director of PAO Fortum and Member of the Executive Management at Fortum Oyj since 2009. He previously served as Regional Executive Director of Russia and CIS at GE Oil & Gas (2009); Investment Development Director, Russia at SUEK (2008-2009); Managing Director, Russia at JSC Power Machines (2006-2008); Regional General Manager, Russia at GE Oil & Gas (2006); Chief Operations Officer, Russia at JSC OMZ (2005-2006), and he held various positions at GE in the United States and Canada (1999-2005) and at Solar Turbines Europe S.A. in Europe and the United States (1991-1999). He has been employed by the Company since 2009. He serves as Deputy Head of the Supervisory Board of Energy Producers Council, Member of the Board & Chairman of Commission on Public Utility of Russian Union of Industrialists and Entrepreneurs, Member of the Board of TGC-1, and Member of Government Commission on the Development of the Electric Power Industry, Non-Executive Member of the Management Board of Aggreko Eurasia LLC and General Director of Wind Power AM LLC. He holds a Master of Science degree in Engineering.

Per Langer

Mr. Per Langer has been Executive Vice President, City Solutions and Member of the Executive Management at Fortum Oyj since March 1, 2017. He was Senior Vice President, Technology and New Ventures and Member of the Management at Fortum Oyj from April 1, 2016. Before that, he was Executive Vice President, Hydro Power and Technology Division at the Company from March 1, 2014 and has been Member of the Management at the Company since 2009. He served as Executive Vice President, Heat Division; Country Responsible for Sweden, Poland and the Baltic countries within Fortum Oyj from 2009 until March 1, 2014. He was also responsible for Corporate Research & Development at the Company from 2011. He has been employed by the Company since 1999. He previously served as President of Heat at Fortum Power and Heat Oy (2007-2009), President of Portfolio Management and Trading at Fortum Power and Heat Oy (2004-2007), and held managerial positions at Fortum Oyj (1999-2004) and Gullspang Kraft (1997-1999). He is Chairman of the Board of Stockholm Exergi AB; Deputy chairman of the Board of Fortum Oslo Varme AS; Member of the Board of Exeger Sweden AB. He holds a Master of Science degree in Economics.

Mikael Ronnblad

Mr. Mikael Ronnblad has been appointed Executive Vice President, Consumer Solutions and Member of the Executive Management at Fortum Oyj, effective as of May 15, 2017. He holds Master of Science in Economics. He previously worked at Elisa Corporation as SVP & GM, New Digital Services Businesses and Consumer Customers Executive Board Member 2009–2017; Elisa Corporation as VP, Corporate Strategy and Acquisitions 2004–2009; ABN AMRO Global Equities, London as Director and Global Head of Nordic Sector 2000–2004; Pannon, Budapest as General Manager and Head of Department 1999–2000; Sonera Corporation as Manager, Corporate Venturing and International Mobile Operations 1997– 2000; Hanken Swedish School of Economics as Project Director and Assistant Professor (acting) 1995–1997; Vectia Ltd as Junior Strategy Consultant 1994–1995 and Nokia Corporation as In-house Consultant, Major Accounts Sales 1991–1993. He is Chairman of the Board of Nikus Oy Ab.

Tiina Tuomela

Ms. Tiina Tuomela has been Executive Vice President, Generation and Member of the Executive Management at Fortum Oyj since April 1, 2016. Before that, she was Executive Vice President, Nuclear and Thermal Power Division and Member of the Management Team at the Company from March 1, 2014. She holds a Master of Science degree in Engineering from Lappeenranta University of Technology and a Master of Business Administration degree from Helsinki School of Economics (currently part of Aalto-yliopisto). She joined Fortum in 1990. She served as Vice President, Finance in Power Division at Fortum Power and Heat Oy (2009-2014) and as Vice President, Business Control and Support in Generation at the company (2005-2009). Previously, she held other senior positions within Fortum (2000-2003) as Business Controller in Fortum Generation in the United Kingdom. She serves as Member of the Board of Directors of Finnish Energy, Teollisuuden Voima Oyj and YIT Corporation, as well as Chairman of the Board of Kemijoki Oy.

Arun Aggarwal

Mr. Arun Aggarwal has been appointed Senior Vice President, Business Technology and Member of the Executive Management at Fortum Oyj effective as of October 17, 2018. He holds M.Sc. (Manufacturing Systems Eng.). He previously was Executive Advisor at IBM Corporation 2018; Global CIO, Digital Transformation Leader of Cemex Inc. 2015–2017; Executive Advisor at Cemex Inc. 2012–2015; President of The Waterside Group 2006–2015; Director at Bearing Point Inc. (formerly KPMG Consulting) 2001–2005; Senior Manager at KPMG Consulting Inc. 1992–2001.

Risto Penttinen

Mr. Risto Avri Olavi Penttinen has been Senior Vice President, Strategy, People and Performance and Member of the Executive Management at Fortum Oyj since April 1, 2016. He joined the Company in 2011. He was Vice President, Corporate Strategy, Fortum Corporation, 2014–2016; Vice President, Strategic Ventures, Fortum Power Division, 2011–2014; Partner, McKinsey & Company, 2005–2011; Consultant and Project Leader, McKinsey & Company, 1996 and 1997–2005. He is Deputy Member of the Board of Varma Mutual Pension Insurance Company. He holds Master of Science degree in Economics.

Arto Raty

Mr. Arto Raty has been Senior Vice President, Corporate Affairs & Communications and Member of the Executive Management at Fortum Oyj since February 29, 2016. He is Lieutenant General (Ret.). He has completed Cadet School, General Staff Officer Course at National Defense University, Executives in National Security Program at Harvard University, John F. Kennedy School of Government, USA, and several other international courses and programs. He previously was Permanent Secretary at the Ministry of Defense of Finland (2011–2015) and Director of the National Defesce Policy Unit (2005–2008). He also held various positions within Finnish Defense Forces, including, Deputy Chief of Staff, Operations at Defense Command (2009–2010); was Chief of Staff at Army Command (2008–2009); Brigade Commander, Pori Brigade (2000–2002); Commanding Officer of the Finnish Battalion in KFOR, Kosovo (2000); Deputy Chief of the International Department, Defense Command (1997–2000). Director of the National Defense Courses of the Finnish Government (2003–2004) and Finnish Liaison Officer at NATO HQ and PCC SHAPE, Brussels, Belgium (1994–1997). He is Chairman of the Board of Destia Group Oyj; Member of the Board of Aalto University Executive Education Oy, Suomi Gas Distribution Holding Oy, AC Cleantech Management Oy, Fortum Art Foundation and Urlus Foundation; Deputy Member of the Board of Fennovoima Oy; Member of the Board of Trustees of Savonlinna Opera Festival.

Sirpa-Helena Sormunen

Ms. Sirpa-Helena Sormunen has been General Counsel and Member of the Executive Management at Fortum Oyj since September 1, 2014. From 2012 to 2014 she worked as General Counsel for Patria Oyj, a provider of defense, security and aviation life-cycle support services and technology solutions. Prior to that, she has held several managerial and legal positions at Nokia and NSN with the responsibility of global legal teams (2004-2012). She was also Vice President, Head of Legal, Mergers and Acquisitions and Finance (2003-2004) and as Senior Legal Counsel, Head of Legal, Merger and Acquisitions at Sonera Oyj (2000-2002). She holds a LLM degree and has been trained on the bench. She serves as Member of the Board at Nammo AS, Association of Finnish Fine Arts Foundations and OPR-Finance Oy and is Chairman of the Board at Fortum Art Foundation.

Philipp Rosler

Mr. Philipp Rosler has been Director of Fortum Oyj since March 26, 2019. He is Member of the Audit and Risk Committee.

Marco Ryan

Mr. Marco Ryan has been Director of Fortum Oyj since March 26, 2019. He is Member of the Audit and Risk Committee.

Eva Hamilton

Ms. Eva Hamilton has been Independent Member of the Board of Directors of Fortum Oyj since March 31, 2015. She is Member of the Nomination and Remuneration Committee of the Company. She holds B.A. in Journalism, and honorary doctorate degree at Mid Sweden University (Mittuniversitetet). She graduated from Uppsala Universitet (1974) and Journalisthogskolan i Stockholm (Stockholm University of Journalism, 1976). She is Senior Adviser. She previously was Chief Executive Officer of Sveriges Television (SVT) 2006-2014, where she also was Head of SVT Fiction (2004–2006) and Director of News and Current Affairs (2000–2004). She was also Foreign Correspondent, Brussels at Sveriges Television (SVT) from 1993 till 1996 and news reporter at Aftonbladet (197801979), Svenska Dagbladet (1979-1988) and Dagens Industri (1988-1989). She serves at Kungliga Dramatiska Teatern AB as Member of the Board, at Nexiko Media AB as Chairman of the Board, at LKAB as Member of the Board and at Stockmanngroup as Member of the Board. She also works for IVA (Royal Swedish Academy of Engineering) as Member of the Board, Chairman of Naringslivsradet and Swedish Film & TV Producers Association and for Arholma Landsort AB as Member of the Board.

Kim Ignatius

Mr. Kim Ignatius has been Independent Member of the Board of Fortum Oyj since April 4, 2017. He has previously been Independent Vice Chairman of the Board since April 8, 2014. He has been Independent Member of the Board of the Company since April 11, 2012. He is also Chairman of the Audit and Risk Committee at the Company. He also served as Chief Financial Officer (CFO) 2008-2016 and Executive Vice President 2017 at Sanoma Corporation. Previously, he was Executive Vice President (EVP) and CFO at TeliaSonera AB (2003-2008), EVP and CFO at Sonera Oyj (2000-2002) and Group CFO at Tamro Oyj (1997-2000). He is Member of the Board and Chairman of the Audit and Remuneration Committees of Rovio Entertainment Corporation. He holds a Bachelor of Science degree in Economics from Helsinki School of Economics and Business Administration (currently Aalto-yliopiston kauppakorkeakoulu).

Essimari Kairisto

Ms. Essimari Kairisto has been Independent Director at Fortum Oyj since March 28, 2018. She is Member of the Audit and Risk Committee. She holds a diploma in Business Administration (Germany). She is Independent consultant. She previously was Member of the Executive Board/CFO of Hochtief Solutions AG 2013–2016; General Manager Finance/CFO of Sasol O&S Group International 2008–2013; Managing Director and CFO of Sasol Germany GmbH 2007–2013; Managing Director and CFO of Lahmeyer International GmbH 2004–2007; Head of Special Purpose Controlling of RWE SolutionsAG 2003–2004; Head of Commercial Services Infrastructure Management of RWE Solutions AG & RWE Industrie-Losungen GmbH 2002–2003; several management positions in Germany, Norway and USA at Schlumberger 1995–2001. She is Member of the Supervisory Board, the Board of Partners, and the Audit Committee of Freudenberg Global Technology Group.

Anja McAlister

Ms. Anja McAlister has been Independent Director at Fortum Oyj since April 4, 2017. She holds Master of Science in Energy Technology and MBA degree. She is Member of the Nomination and Remuneration Committee. She is Independent Consultant. She also served as Executive Vice President, Head of Strategy, Transformation and HR at Poyry PLC in 2017. Previously, she worked at Poyry PLC as President Energy Business Group 2015–2017; Poyry Management Consulting Oy as Vice President 2014–2015; Renewa Oy (biomass boiler manufacturer) as Managing director 2013; UPM Group as Senior Vice President, Head of Energy Business 2004–2013; Electrowatt-Ekono Oy (part of the Poyry Group) as Senior Vice President, Head of the Management Consulting Northern Europe 2000– 2004; Ministry of Trade and Industry, Finland as Industrial Counselor, Head of Energy Policy & Analyses team 1998-2000; Kymppivoima Oy as Operations Manager and Managing Director 1995–1998; Energia-Ekono Oy as Senior Consultant 1993–1995; Sheffield Heat and Power Ltd., Sheffield, UK as Technical Manager 1990–1993; City of Kuopio, Finland as Operations Manager of 100/200 MW biomass CHP plant 1984–1989.

Veli-Matti Reinikkala

Mr. Veli-Matti Reinikkala has been Independent Director of Fortum Oyj since April 5, 2016. He is Member of the Audit and Risk Committee at the Company. He has served at ABB as President of Region Europe 2015 and was Member of the Group Executive Committee from 2006 to 2015. At ABB, he was also President of Process Automation division (2006–2014), and Head of Business Area Process Automation in 2005. Prior to that, he held various positions within several ABB divisions from 1994. He is Member of the Board of UPM-Kymmene Corporation and Chairman of the Board of Cramo Plc. He holds Executive Master of Business Administration degree.

Ingela Ulfves