FORTUM CORPORATION STOCK EXCHANGE RELEASE 3 September 2014 at 9.00 EEST
The following persons have been appointed to Fortum's Shareholders' Nomination
Eero Heliövaara, Director General of the Government Ownership Steering
Department, Prime Minister's Office; Liisa Hyssälä, Director General, The
Social Insurance Institution of Finland, KELA and Timo Löyttyniemi, Managing
Director, The State Pension Fund (of Finland). In addition, the Chairman of
Fortum's Board of Directors Sari Baldauf is a member of the Shareholders'
The Annual General Meeting of Fortum Corporation, held on 9 April 2013,
established a permanent Shareholders' Nomination Board, in accordance with the
proposal of the company's Board of Directors. The Shareholders' Nomination
Board consists of four members, three of which shall be appointed by the
company’s three largest shareholders, who shall appoint one member each. The
Chairman of the Board of Directors serves as the fourth member. The members
shall be nominated annually and their term of office shall end when new members
are nominated to replace them.
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