Edition:
United States

Fortum Oyj (FORTUM.HE)

FORTUM.HE on Helsinki Stock Exchange

21.07EUR
17 Aug 2018
Change (% chg)

€0.22 (+1.06%)
Prev Close
€20.85
Open
€20.85
Day's High
€21.29
Day's Low
€20.84
Volume
1,032,240
Avg. Vol
1,534,345
52-wk High
€22.29
52-wk Low
€14.48

Summary

Name Age Since Current Position

Matti Lievonen

60 2018 Independent Chairman of the Board

Pekka Lundmark

55 2015 Chairman of the Executive Management Team, President, Chief Executive Officer

Klaus-Dieter Maubach

56 2018 Deputy Chairman of the Board

Markus Rauramo

50 2017 Chief Financial Officer, Member of the Executive Management Team

Alexander Chuvaev

58 2009 Executive Vice President, Russia Division; General Director of PAO Fortum, Member of the Executive Management Team

Per Langer

49 2017 Executive Vice President, City Solutions; Member of the Executive Management Team

Mikael Ronnblad

49 2017 Executive Vice President, Consumer Solutions, Member of the Executive Management Team

Tiina Tuomela

52 2016 Executive Vice President, Generation; Member of the Executive Management Team

Risto Penttinen

50 2016 Senior Vice President, Strategy, People and Performance; Member of the Executive Management Team

Kari Kautinen

54 2016 Senior Vice President, M&A and Solar & Wind Development; Member of the Executive Management Team

Arto Raty

63 2016 Senior Vice President, Corporate Affairs and Communication; Member of the Executive Management Team

Sirpa-Helena Sormunen

59 2014 General Counsel, Member of the Executive Management Team

Essimari Kairisto

2018 Director

Heinz-Werner Binzel

64 2011 Independent Director

Eva Hamilton

64 2015 Independent Director

Kim Ignatius

62 2017 Independent Director

Anja McAlister

58 2017 Independent Director

Veli-Matti Reinikkala

61 2016 Independent Director

Ingela Ulfves

52 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 is President & CEO of Neste Corporation. 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 as Member of the Board, East Office of Finnish Industries Oy as Member of the Board, Chemical Industry Federation of Finland as Member of the Board, Suomen Messut Osuuskunta as Member of the Supervisory Board, National Emergency Supply Agency (HVK) as Member of the Supervisory Board, The Finnish Business and Policy Forum (EVA) as Member of the Supervisory Board and Nynas AB as Member of the Board and SSAB AB as Member of the Board.

Pekka Lundmark

Mr. Pekka Lundmark has been President, Chief Executive Officer and Chairman of the Executive Management Team 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 Finnish Energy as Chairman of the Board, Confederation of Finnish Industries as Member of the Board, 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 Chairman of the Board.

Klaus-Dieter Maubach

Markus Rauramo

Mr. Markus Erdem Rauramo has been Chief Financial Officer and Member of the Executive Management Team 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. 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 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 (2008-2009); 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 Aggreko Eurasia LLC and Territorial Generating Company No. 1 (TGC-1), and Member of Government Commission on the Development of the Electric Power Industry 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 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 (2007-2009), 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 has served at Fortum Oslo Varme AS as Deputy Chairman of the Board, AB Fortum Varme Holding samagt med Stockholms stad as Deputy Chairman of the Board and Exeger Sweden AB 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 Executive Management Team of 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 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 serves as Member of the Board of Directors of Teollisuuden Voima Oyj and YIT Corporation, as well as Chairman of the Board of Kemijoki Oy.

Risto Penttinen

Mr. Risto Avri Olavi Penttinen has been Senior Vice President, Strategy, People and Performance and Member of the Executive Management Team 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 Member of the Supervisory Board of Varma Mutual Pension Insurance Company. 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 Executive Management Team at Fortum Oyj since April 1, 2016. Before that, he was Member of the Executive 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 had 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 Communication and Member of the Executive 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. He is also Member of the Board of Aalto University Executive Education Oy, Suomi Gas Distribution Holding Oy, Deputy Board Member of Fennovoima Oy, Member of the Board of Fortum Art Foundation and Urlus Foundation.

Sirpa-Helena Sormunen

Ms. Sirpa-Helena Sormunen has been General Counsel and Member of the Executive Management Team 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 as Chairman of the Board at Fortum Art Foundation.

Essimari Kairisto

Heinz-Werner Binzel

Mr. Heinz-Werner Binzel has been 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 (2003-2005); Board Member and Chief Financial Officer (1999-2002) and as Chief Executive Officer (2002-2003) at RWE SOLUTIONS AG. He also held several senior executive positions at NUKEM GmbH, in Germany and the United States (1981-1999). He served at RWE Solutions AG as Chairman of Supervisory Board from 2003 to 2006. He has degree in Economics and Electrical Engineering. He is Member of the Supervisory Board and Chairman of the Audit Committee of TUEV Rheinland Holding AG.

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 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 Lindex AB as Member of the Board. She also works for IVA (Royal Swedish Academy of Engineering) as Member of the Board, Chairman of Naringslivsradet; Moment Group AB as Member of the Board; Swedish Film & TV Producers Association as Chairman and 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 of Rovio Entertainment Corporation and Chairman of the Board of PR Holding Oy. He holds a Bachelor of Science degree in Economics from Helsinki School of Economics and Business Administration (currently Aalto-yliopiston kauppakorkeakoulu).

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 also serves as Head of Transformation and Strategy, Poyry PLC. Previously, she worked at Poyry PLC as President Energy Business Group 2015–2016; 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