Changes in managers' shareholdings and transaction history are available here. Fortum also publishes all its managers' transactions by a Stock Exchange Release.
Board of Directors in 2022
The Annual General Meeting held on 28 March 2022 re-elected, in accordance with the proposal of the Shareholders’ Nomination Board, Veli-Matti Reinikkala as Chair, Anja McAlister as Deputy Chair, and Luisa Delgado, Essimari Kairisto, Teppo Paavola, Philipp Rösler, and Annette Stube as members. In addition, Ralf Christian and Kimmo Viertola were elected as new members.
The Chair, the Deputy Chair and the members of the Board of Directors are all independent of the Company and of the Company’s significant shareholders, with the exception of Kimmo Viertola, who is non-independent of the Company’s significant shareholder (the State of Finland). Four Board members are female and five of the members are male.
Board of Directors in 2021
The Annual General Meeting on 28 April 2021 re-elected Essimari Kairisto, Anja McAlister (Deputy Chair), Teppo Paavola, Veli-Matti Reinikkala (Chair), Philipp Rösler, and Annette Stube as members of the Board. In addition, Luisa Delgado was elected as a new member of the Board of Directors.
The Chair, the Deputy Chair and the members of the Board of Directors are independent of the company and of the company's significant shareholders.
During 2021, the main focus of the board work was on the Uniper investment, consolidation of the same, and development and deepening of co-operation between both companies as well. In addition, the Board focused on the reorganisation of Fortum’s Executive Management Team and on overall transformation of the business via strategic reviews, investments and divestments. The Board also focused on climate change related matters, including follow-up of the regulatory development.
In December 2021, the Board of Directors decided to establish a temporary committee on liquidity for the purpose of monitoring and overseeing the liquidity situation in the Fortum Group, including Uniper. The members of the committee on liquidity were Veli-Matti Reinikkala (Chair), Essimari Kairisto, and Teppo Paavola. The committee met twice, and the attendance rate was 83%. Due to the COVID-19 pandemic related market challenges, the Board closely monitored the impact on the Group and evaluated various short and long term risk scenarios throughout the year. The Board also conducted the annual self-assessment, including the committee work, to further enhance the efficiency of its work.