Fortum Corporation STOCK EXCHANGE RELEASE 1 February 2006
The nominees for Fortum's Board of Directors for the year 2006
The annual general meeting of Fortum Corporation's shareholders, held 31 March
2005, decided to name a shareholders' nomination committee consisting of
representatives of the three largest shareholders and instructed them to prepare
proposals for the next annual general meeting concerning Board members and their
The Board members for the next term proposed by the committee to Fortum's annual
general meeting, which is to be held 16 March, are the following:
The current board members that are nominated for re-election are Peter Fagernäs
as chairman, Birgitta Kantola as vice-chairman and Birgitta Johansson-Hedberg,
Matti Lehti and Marianne Lie as members of the Board. The nominations for new
members are the President of the Finnish National Fund for Research and
Development (Sitra), Mr. Esko Aho and the President of Baltic Beverages Holding
AB, Mr. Christian Ramm-Schmidt.
All the nominees have given their assent to the task.
The proposed Board fees for 2006
Chairman EUR 55,000/year
Vice-chairman EUR 42,000/year
Member EUR 30,000/year
Meeting fee *) EUR 500/meeting
*) Applies also to the Board's committee meetings
Travel expenses shall be compensated for in accordance with the Company's travel
Senior Vice President, Corporate Communications
Markku Tapio, Director, Ministry of Trade and Industry, tel. +358 (0)9 1606
Helsinki Stock Exchange
Esko Aho, born 1954, Master of Political Sciences
Esko Aho's career within Finnish society is long and impressive.
Aho was elected Member of Parliament in 1993, and he was the leader of the
Party of Finland during 1990-2002. His career as an MP included being part of
several important committees as well as in the Finnish delegations to the Nordic
and European Councils. Aho was Finland's Prime Minister during 1991-1995. After
running for president in 2000, Aho lectured at Harvard University for a year.
When his parliamentary duties were concluded, he became a private consulting
entrepreneur. He was elected President of The Finnish National Fund for Research
and Development (Sitra) on July 1st, 2004.
Christian Ramm-Schmidt, born 1946, B.Sc. (Econ.)
Since the beginning of the 70's, Christian Ramm-Schmidt has held marketing and
executive positions both within international and Finnish corporations. He
his versatile experience at Rank-Xerox Oy, Reader's Digest Oy and Servi Systems
Oy, among others. In 1994, he became the President of Fazer Keksit Oy, Fazer
Suklaa Oy, and finally his areas of responsibility were extended to include
Fazer's international candy sector. In 1997 he became the President of Baltic
Beverages Holding AB (BBH), which has become the leading brewery business in
Russia, the Ukraine, the Baltic countries and Kazakhstan, as well as one of the
world's leading brewery corporations. Mr. Ramm-Schmidt has held many board
positions, including seats in three listed companies.