Executive Management

The Fortum Executive Management assists the President and CEO in implementing the strategic and sustainability targets within the framework approved by the Board of Directors, preparing the Group’s business plans, and deciding on investments, mergers, acquisitions and divestments within its authorisation. Financial and sustainability results are reviewed in the monthly reporting by the Fortum Executive Management. Quarterly Performance Review meetings with the management are embedded in the Fortum Performance Management process.
Each member of the Fortum Executive Management is responsible for the day-to-day operations and the implementation of operational decisions in their respective organisations.

Markus Rauramo

President and CEO since 1 July 2020
Born 1968, nationality: Finnish
M.Soc.Sc. (Econ. and Pol. Hist.)
Member of the Executive Management since 2012
Employed by Fortum since 2012
The President and CEO is in charge of the day-to-day management of the Group. The CEO supervises the company’s Strategy and M&A activities as well as Fortum’s Business Technology function
Fortum shareholding on 31 Dec 2020: 72,949

Previous positions: CFO of Fortum Corporation 2017-2020 and 2012–2014 and acting CEO in 2013, Executive Vice President, City Solutions -division of Fortum Corporation 2014–2017; CFO of Stora Enso Oyj 2008–2012; SVP, Group Treasurer of Stora Enso International 2004–2008; VP, Strategy and Investments at Stora Enso Oyj 2001–2004; VP Head of Funding of Stora Enso Financial Services 1999–2001; several financial tasks at Enso Oyj 1993–1999

Key positions of trust: Chair of the Supervisory Board of Uniper SE; member of the Board of Sampo plc

Nebahat Albayrak

Senior Vice President Corporate Affairs, Safety and Sustainability since 1 June 2021
Born 1968, nationality: Dutch, Turkish
LLM, International and European Law, University of Leiden, Netherlands
Member of the Executive Management and employed by Fortum since 1 June 2021
In addition to Corporate Affairs, Safety and Sustainability, the SVP’s responsibilities include Group Communications, Public Affairs, and Brand
Fortum shareholding 1 June 2021: 0

Previous positions: Vice President, Ext. Relations, Integrated Gas & New Energies 2016 - 2021 and Vice President, External Communications & Relations, Global Upstream 2012 - 2016 of Royal Dutch Shell; MP, PvdA & Chair of the Foreign Affairs Committee and Spokesperson for European Affairs 2010 – 2012, and MP, PvdA & Spokesperson for Defense, Justice and Migration 1998 - 2007 at the House of Representatives of the Netherlands; State Secretary for Justice 2007 – 2010 at Ministry of Justice, the Netherlands; Policy Officer, Minorities Integration Policy Department 1995 – 1998 and Policy Officer, European and International Affairs 1993 - 1995 at the Ministry of Home Affairs and Kingdom Relations, the Netherlands
Key positions of trust: Member of the Supervisory Boards of Nederlandse Spoorwegen (Dutch railways), Unilever Netherlands, and Fonds 21 for Arts and Culture, member of the Advisory Board of Topvrouwen.nl

Alexander Chuvaev

Executive Vice President, Russia Division and General Director of PAO Fortum since 2009
Born 1960, nationality: Russian
M.Sc. (Eng.)
Member of the Executive Management since 2009
Employed by Fortum since 2009
Fortum shareholding on 31 Dec 2020: 54,602

Previous positions: Regional Executive Director of GE Oil & Gas, Russia and CIS 2009; Investment Development Director of SUEK, Russia 2008–2009; Managing Director of JSC Power Machines, Russia 2006–2008; Regional General Manager of GE Oil & Gas, Russia 2006; Chief Operations Officer of JSC OMZ, Russia 2005–2006; Various positions at GE in the USA and Canada 1999–2005; various positions at Solar Turbines Europe S.A. in Europe and the USA 1991–1999

Key positions of trust: Deputy Head of the Supervisory Board of Energy Producers Council; Member of the Board & Chairman of Commission on Public Utility of Russian Union of Industrialists and Entrepreneurs; Member of the Board of Directors of TGC-1; Member of Government Commission on the Development of the Electric Power Industry; General Director of Wind Power AM LLC

Eveliina Dahl

Senior Vice President, People 1 May 2021
Born 1983, nationality: Finnish
M.Sc. (Eng.)
Member of the Executive Management since 1 May 2021
Employed by Fortum since 2006
In addition to People function, the SVP’s responsibilities include Procurement and Real Estate functions.
Fortum shareholding on 1 May 2021: 668

Previous positions: Fortum Corporation: Vice President, People, City Solutions division & People Service 2018−2021, Business People Partner, TNV & eNext 2016−2018, Development Manager, Corporate Strategy 2009−2016, Procurement Manager 2007−2009, Purchasing Analyst 2007

Bernhard Günther

Chief Financial Officer since 1 February 2021
Born 1967, nationality: German
Master of economics and PhD (Econ.), St. Gallen
Member of Executive Management and
employed by Fortum since 1 February 2021
In addition to Corporate Finance, the CFO’s responsibilities cover Risk Management, Investor Relations & Financial Communications, as well as Investments and Portfolio Analysis
Fortum shareholding: 0

Previous positions: CFO and CHRO of innogy SE 2019 - 2020 and CFO 2016 - 2019; CFO of RWE AG 2013 - 2016 and Member of the Executive Board 2012 - 2016; Managing Director and Chief Financial Officer of RWE Supply & Trading GmbH 2008 - 2012; Managing Director and Chief Financial Officer of RWE Trading GmbH 2007 - 2008; Managing Director and Chief Financial Officer of RWE Gas Midstream GmbH 2007 - 2008; Vice President Group Controlling of RWE AG 2005 - 2006; Vice President Corporate Planning and Controlling of RWE Power AG 2001 - 2005; Head of Department Group Controlling of RWE AG 1999 - 2001; Management Consultant at McKinsey & Company 1993 - 1998

Key positions of trust: Member of the Supervisory Boards of Uniper SE and Thyssenkrupp AG

Per Langer

Executive Vice President, City Solutions since 2017
Born 1969, nationality: Swedish
M.Sc. (Econ.)
Member of the Executive Management since 2009
Employed by Fortum since 1997
Fortum shareholding on 31 Dec 2020: 44,155

Previous positions: Senior Vice President, Technology and New Ventures of Fortum Corporation 2016–2017; Executive Vice President, Hydro Power and Technology of Fortum Corporation 2014–2016; Executive Vice President, Heat Division of Fortum Power and Heat Oy 2009–2014; President of Heat of Fortum Power and Heat Oy 2007–2009; President of Portfolio Management and Trading of Fortum Power and Heat Oy 2004–2007; managerial positions at Fortum Oyj 1997–2004(incl. Gullspång Kraft 1997–1999)

Key positions of trust: Deputy Chairman of the Board of Fortum Oslo Varme AS; Member of the Board of Exeger Sweden AB

Simon-Erik Ollus

Executive Vice President Generation since 29 March 2021
Born 1978, nationality: Finnish
M.Soc.Sc. (Economics)
Member of Executive Management since 2021
Employed by Fortum since 2009
Fortum shareholding on 29 March 2021: 3,532

Previous positions: Vice President, Trading and Asset Optimisation, Fortum Generation Division 2016-2021; Chief Economist & Vice President, Industrial Intelligence and Investment Analysis, Fortum Corporate and Fortum Power Division 2013-2016; Chief Economist & Vice President, Industrial Intelligence and Trading IT, Trading and Industrial Intelligence 2011-2013; Various leadership positions in trading, industrial intelligence, strategy and R&D at 2009-2011; Advisor, East Office of Finnish Industries 2008-2009; Economist, Bank of Finland 2004-2008

Mikael Rönnblad

Executive Vice President, Consumer Solutions since 2017
Born 1969, nationality: Finnish
M.Sc. (Econ.)
Member of the Executive Management since 2017
Employed by Fortum since 2017
Fortum shareholding 31 Dec 2020: 10,356

Previous positions: SVP & GM of New Digital Services Businesses and Consumer Customers Executive Board Member of Elisa Corporation 2009–2017; VP, Corporate Strategy and Acquisitions of Elisa Corporation 2004–2009; Director and Global Head of Nordic Sector of ABN AMRO Global Equities 2000–2004; General Manager and Head of Department at Pannon, Hungary 1999–2000; Manager, Corporate Venturing and International Mobile Operations at Sonera Corporation 1997–2000; Project Director and Assistant Professor (acting) at Hanken Swedish School of Economics 1995–1997; Junior Strategy Consultant at Vectia Ltd 1994–1995; In-house Consultant, Major Accounts Sales at Nokia Corporation 1991–1993

Key positions of trust: Chairman of the Board of Nikus Oy Ab

Nora Steiner-Forsberg

General Counsel of Fortum Corporation since 1 May 2021
Born 1973, nationality: Finnish
LLM, Helsinki University, Finland and Master of European Law, College of Europe, Bruges, Belgium
Member of Executive Management since 1 May 2021
Employed by Fortum since 2011
In addition to Corporate Legal, the General Counsel’s responsibilities include Corporate Governance, Ethics and Compliance, Internal Controls and Data Privacy
Fortum shareholding on 1 May 2021: 316

Previous positions: Fortum Oyj: Vice President, Generation Legal 2019−2021, Head of Generation Legal 2015−2019, Legal Counsel/Senior Legal Counsel 2011−2015; Market Court Helsinki, Finland, Judge 2009−2011; Hannes Snellman Attorneys Ltd, Senior Associate 2005−2009; Van Bael & Bellis, Belgium, Associate Lawyer 2001−2005; Environment and Business Lawyers Ltd, Helsinki, Finland, Associate Lawyer 1998−2000

Fortum as an investment

Managers' transactions

Managers' transaction history