FORTUM CORPORATION STOCK EXCHANGE RELEASE 3 November 2011 at 11.00 EET
The following persons have been appointed to Fortum Shareholders' Nomination
Board: Pekka Timonen, Director General, Prime Minister's Office, Ownership
Steering Department; Mikko Koivusalo, Investments Director, Varma Mutual
Pension Insurance Company and Harri Sailas, CEO, Ilmarinen Mutual Pension
Insurance Company. The Chairman of Fortum's Board of Directors, Sari Baldauf,
serves as the Nomination Board's expert member.
According to the resolution by the Annual General Meeting, held on 31 March
2011, the Shareholders' Nomination Board will consist of the representatives of
the three largest shareholders and, in addition, the Chairman of the Board of
Directors as expert member.
The three shareholders whose shares represent the largest number of the votes
of all shares in the company on 1 November 2011 will have the right to appoint
the members representing the shareholders. The Shareholders' Nomination Board
is to prepare proposals concerning board members and their compensation for the
following Annual General Meeting.
The Nomination Board shall give its proposal to the Board of Directors of the
company by 1 February 2012 at the latest.
Executive Vice President, Corporate Relations and Sustainability
Tel. +358 10 45 20970
NASDAQ OMX Helsinki
Fortum's purpose is to create energy that improves life for present and future
generations. We provide sustainable solutions that fulfil the needs for low
emissions, resource efficiency and energy security, and deliver excellent value
to our shareholders. Our activities cover the generation, distribution and
sales of electricity and heat as well as related expert services.
Fortum's operations focus on the Nordic countries, Russia and Baltic Rim area.
In the future, the integrating European and fast-growing Asian energy markets
provide additional growth opportunities. In 2010, Fortum's sales totalled EUR
6.3 billion and comparable operating profit was EUR 1.8 billion. We employ
approximately 10,500 people. Fortum's shares are quoted on NASDAQ OMX Helsinki.
Further information: www.fortum.com