Mika Paloranta, M.Sc. (Tech), LL.M, has been appointed Vice President, Investor Relations of Fortum Corporation as of December 1, 2004. He will be responsible for the IR activities of the Group and report to the CFO. Before joining Fortum, Paloranta has been working as an analyst in Nordea Securities and Carnegie Investment Bank.
Fortum's current VP, Investor Relations, Ms Raija Norppa-Rahkola, will continue in her position until the end of November. Until her retirement during next year, she will assist Group management and the management of the Oil sector in IR related matters. She will continue to report to the CFO of Fortum Group.