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Fortum Oyj (FORTUM.HE)

FORTUM.HE on Helsinki Stock Exchange

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15 Dec 2017
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Summary

Name Age Since Current Position

Pekka Lundmark

54 2015 Chairman of the Management Team, President, Chief Executive Officer

Sari Baldauf

62 2011 Independent Non-Executive Chairman of the Board

Matti Lievonen

59 2017 Deputy Chairman of the Board

Markus Rauramo

49 2017 Chief Financial Officer, Member of the Management Team

Alexander Chuvaev

57 2009 Executive Vice President, Russia Division; General Director of OAO Fortum, Member of the Management Team

Per Langer

48 2017 Executive Vice President, City Solutions; Member of the Management Team

Mikael Ronnblad

47 2017 Executive Vice President, Consumer Solutions, Member of the Management Team

Tiina Tuomela

51 2016 Executive Vice President, Generation, Member of the Management Team

Risto Penttinen

49 2016 Senior Vice President, Strategy, People and Performance; Member of the Management Team

Kari Kautinen

53 2016 Senior Vice President, M&A and Solar & Wind Development; Member of the Management Team

Arto Raty

62 2016 Senior Vice President, Corporate Affairs and Communications; Member of the Management Team

Sophie Jolly

Vice President of Investor Relations and Financial Communications

Sirpa-Helena Sormunen

58 2014 General Counsel, Member of the Management Team

Kim Ignatius

61 2017 Director

Anja McAlister

57 2017 Director

Heinz-Werner Binzel

63 2011 Non-Executive Independent Director

Eva Hamilton

63 2015 Non-Executive Independent Director

Veli-Matti Reinikkala

60 2016 Non-Executive Independent Director

Biographies

Name Description

Pekka Lundmark

Mr. Pekka Lundmark has been President, Chief Executive Officer and Chairman of the Management Team at Fortum Oyj since September 7, 2015. He was President and CEO of Konecranes Plc for the past ten years. Previously he was President and CEO of Hackman Oyj Abp in 2002-2004 and has held various executive positions at Nokia Corporation in 1990-2000.

Sari Baldauf

Dr. Sari Maritta Baldauf has been Independent Non-Executive Chairman of the Board of Directors of Fortum Oyj since March 31, 2011. Prior to this, she served as Independent Deputy Chairman of the Board of Directors of the Company from April 7, 2009 until March 31, 2011. She is Member of the Nomination and Remuneration Committee of the Company. She previously held several senior executive positions and was Member of the Group Executive Board at Nokia Corporation. Previously, she was Deputy Chairman of Sanoma Corporation (2003-2009) and Member of the Boards of Capman Corporation (2008-2011), YIT Corporation (2006-2008) and Hewlett-Packard Company (2006-2012). She holds M.Sc. Business Administration, Honorary doctorate degrees in Technology (Helsinki University of Technology) and Business Administration (Turku School of Economics and Business Administration, and Aalto University School of Business).

Matti Lievonen

Markus Rauramo

Mr. Markus Rauramo has been Chief Financial Officer and Member of the Management Team at Fortum Oyj since March 1, 2017. He was 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 has served as Member of the Board of Ahlstrom Oyj, Wartsila Oyj Abp and Teollisuuden Voima Oyj, Member of the Supervisory Board of AS Eesti Gas and Chairman of the Board of AB Fortum Varme samagt med Stockholms stad, as well as Chairman of the Board of several Fortum Corporation companies. 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 OAO Fortum and Member of the Management Team 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); 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), and he held various positions at GE in the United States and Canada (1999) and at Solar Turbines Europe S.A. in Europe and the United States (1991). 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 of Russian Union of Industrialists and Entrepreneurs, Aggreko Aurasia LLC and Territorial Generating Company No. 1 (TGC-1), and Member of Government Commission on the Development of the Electric Power Industry and Chairman of Commission on Public Utility. 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 Management Team at Fortum Oyj since March 1, 2017. He was Senior Vice President, Technology and New Ventures and Member of the Management Team 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 Team 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), President of Portfolio Management and Trading at Fortum Power and Heat Oy (2004), and held managerial positions at Fortum Oyj (1999) and Gullspang Kraft (1997). He has served at NIP Nordic Infrastructure Partners AB as Chairman of the Board; at EFA AB as Deputy Chairman; and at AW-Energy Oy and Hafslund ASA as Member of the Board. 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 Management Team of Fortum Oyj, effective as of June 15, 2017. He has been working for Elisa, a Finnish telecommunications, ICT and online service company, for more than 13 years in various positions, most recently as Consumer Customers Executive Board Member leading Digital Services Businesses. He holds a Master of Science degree in Economics.

Tiina Tuomela

Ms. Tiina Tuomela has been Executive Vice President, Generation and Member of the Management Team 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 has served as Member of the Board of Directors of Teollisuuden Voima Oyj.

Risto Penttinen

Mr. Risto Avri Olavi Penttinen has been Senior Vice President, Strategy, People and Performance and Member of the Management Team at Fortum Oyj since April 1, 2016. Before that, he was Vice President, Corporate Strategy at the Company. 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 has worked for Finnish Energy Industries as Member of the Committee for Power Generation since 2014 and for Fingrid Oyj as Member of Advisory Committee 2012-2014. He holds Master of Science degree in Economics.

Kari Kautinen

Mr. Kari Johannes Kautinen has been Senior Vice President, M&A and Solar & Wind Development and Member of the Management Team at Fortum Oyj since April 1, 2016. Before that, he was Member of the Management Team and Senior Vice President, Strategy, Mergers and Acquisitions at the Company from March 1, 2014. He holds a Master of Legal Letters from Helsingin yliopisto. He joined Fortum in 1998. He has several years of experience in international business: he served first as Legal Counsel in South-East Asia, moved then to Mergers & Acquisitions in Germany and from there to Business development in Russia. He was Vice President, Mergers and Acquisitions within Fortum (2007-2012) and has been Vice President, Strategy, Mergers and Acquisitions since 2012. He serves as Member of the Board of Directors of TGC 1.

Arto Raty

Mr. Arto Raty has been Senior Vice President, Corporate Affairs and Communications and Member of the Management Team 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 has been Chairman of the Board at Destia Oy since 2015, and Member of the Board at Ahlstrom Capital Cleantech Fund I since 2011.

Sophie Jolly

Sirpa-Helena Sormunen

Ms. Sirpa-Helena Sormunen has been General Counsel and Member of the Management Team at Fortum Oyj since September 1, 2014. From 2012 to 2014 she worked as General Counsel for Patria, 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. In addition, she has several years' experience in M&A as well as in governance and compliance issues. She holds a LLM degree. She has also served at Nammo AS as Member of the Board of Directors, at Association of Finnish Fine Arts Foundations as Member of the Board and at Fortum Art Foundation as Chairman of the Board.

Kim Ignatius

Mr. Kim Ignatius has been 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 serves as Chief Financial Officer (CFO) 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 holds a Bachelor of Science degree in Economics from Helsinki School of Economics and Business Administration (currently Aalto-yliopiston kauppakorkeakoulu).

Anja McAlister

Heinz-Werner Binzel

Mr. Heinz-Werner Binzel has been Non-Executive Independent Member of the Board of Directors in Fortum Oyj since March 31, 2011. He also serves as Member of the Audit and Risk Committee at the Company. He is Independent consultant. In his career, he has served as Board Member for procurement and sale of electricity, gas, and water at RWE Energy AG; Board Member and Chief Financial Officer and from 2002 onward as Chief Executive Officer at RWE SOLUTIONS AG. He also held several senior executive positions at NUKEM GMBH, in Germany and the United States. He served at RWE Solutions AG as Chairman of Supervisory Board from 2003 to 2006. He has degree in Economics and Electrical Engineering. He has been Member of the Supervisory Board of TUEV Rheinland Holding AG.

Eva Hamilton

Ms. Eva Hamilton has been Non-Executive 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 a Master of Legal Letters degree and was trained on the bench. She graduated from Uppsala Universitet (1974) and Journalisthogskolan i Stockholm (Stockholm University of Journalism, 1976). 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 has served 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 Lindex AB as Member of the Board, among others.

Veli-Matti Reinikkala

Mr. Veli-Matti Reinikkala has been Non-Executive 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 since 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 has been Member of the Board of UPM-Kymmene Corporation. He holds Executive Master of Business Administration degree.