FORTUM CORPORATION STOCK EXCHANGE RELEASE 8 September 2014 at 9:00 EEST
In accordance with the earlier announced, Fortum has invited the
representatives of the company’s three largest registered shareholders as of 1
September 2014 to the Shareholders' Nomination Board: The Government Ownership
Steering Department of the Prime Minister's Office; The Social Insurance
Institution of Finland KELA and The State Pension Fund (of Finland). Out of the
owners, The State Pension Fund has informed Fortum that they will not use their
right to nominate.
Members of Fortum's Shareholders' Nomination Board are Eero Heliövaara,
Director General of the Government Ownership Steering Department and Liisa
Hyssälä, Director General of The Social Insurance Institution of Finland as
well as the Chairman of Fortum's Board of Directors Sari Baldauf.
The purpose and task of the Shareholders' Nomination Board is to prepare and
present to the Annual General Meeting, and, if necessary, to an Extraordinary
General Meeting, a proposal on the following matters: proposal on the
remuneration, number and members of the Board of Directors. In addition, the
task of the Shareholders' Nomination Board is to seek candidates as potential
The now appointed Nomination Board shall forward its proposals for the Annual
General Meeting to the Board of Directors by 31 January 2015.
Senior Vice President, Corporate Communications
+358 10 452 0480
NASDAQ OMX Helsinki
Fortum’s purpose is to create energy that improves life for present and future
generations. Catering to the versatile needs of our customers, we generate,
distribute and sell electricity and heat, and offer related expert services.
Our operations focus on the Nordic and Baltic countries, Russia and Poland. In
2013, Fortum’s sales totalled EUR 6.1 billion and comparable operating profit
was EUR 1.6 billion. We employ approximately 8,800 people. Fortum’s shares are
traded on the NASDAQ OMX Helsinki. www.fortum.com