Leadership Team
Fortum reorganised the Group’s operating model to drive the execution of the Group’s revised strategy announced in March 2023. The new business structure and revised Fortum Leadership Team (FLT) has been effective since 31 March 2023. Each member of the FLT is responsible for the day-to-day operations and the implementation of operational decisions in their respective organisations, and all FLT members report to the President and CEO.
The Fortum Leadership Team (FLT) assists the President and CEO in implementing the strategic and sustainability targets, 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 FLT. Quarterly Performance Review meetings with the management are embedded in the Fortum Performance Management process.
Markus Rauramo
President and CEO since 2020
Born 1968, nationality: Finnish
M.Soc.Sc. (Econ. and Pol. Hist.)
Member of the Leadership Team since 2012
Employed by Fortum since 2012
Fortum shareholding on 31 March 2023: 113,056
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: Member of the Board of Directors of Sampo plc and East Office of Finnish Industries Oy
Mikael Lemström
Executive Vice President, Hydro Generation since 31 March 2023
Born 1967, nationality: Finnish
M.Sc. Eng, Technical Physics, Helsinki University of Technology, Finland
Member of Leadership Team since 2023
Employed by Fortum since 1990
Fortum shareholding on 31 March 2023: 14,376
Previous positions: Fortum Corporation: Vice President, Hydro 2022–2023, Head of Co-owned Nuclear 2021–2022, Vice President, Heat 2009–2021, Vice President, Sales, several international positions in South East Asia, Poland 1990–2008.
Key positions of trust: Member of the Board of Directors of Kemijoki Oy, Forsmark Kraftgrupp AB and Voimaosakeyhtiö SF
Petra Lundström
Executive Vice President, Nuclear Generation since 31 March 2023
Born 1966, nationality: Finnish
M.Sc. Eng., Technical Physics, Helsinki University of Technology, Finland
Member of Leadership Team since 2023
Employed by Fortum since 1990
Fortum shareholding on 31 March 2023: 13,178
Previous positions: Fortum Corporation: Vice President positions within Generation/Nuclear division 2014–2023, Vice President, Solar Business Development 2012–2014, Vice President, Chief Technology Officer, 2008–2012, various position within Fortum Group 1990–2008.
Key positions of trust: Member of the Board of Teollisuuden Voima Oyj, Vaisala Oyj, Forsmarks Kraftgrupp AB, Posiva Solutions Oy, and VTT Technical Research Centre of Finland Ltd, Deputy Chair of the Board of Oskarshamns Kraftgrupp AB, Member of Technology and Innovation Board (chaired by Prime Minister) and Strategic Research Council (governed by Academy of Finland)
Peter Strannegård
Executive Vice President, Renewables and Decarbonisation since 31 March 2023
Born 1968, nationality: Swedish
M.Sc., Industrial Engineering and Management; MBA, INSEAD, France
Member of Leadership Team since 2023
Employed by Fortum since 2007
Fortum shareholding on 31 March 2023: 2,177
Previous positions: Fortum Corporation: Vice President, Strategic Projects 2018–2023, Vice President, Head of Fortum Business Services 2016–2018, several Vice President positions within Fortum Group 2007–2015.
Simon-Erik Ollus
Executive Vice President, Corporate Customers and Markets since 31 March 2023
Born 1978, nationality: Finnish
M.Soc.Sc. (Economics)
Member of Leadership Team since 2021
Employed by Fortum since 2009
Fortum shareholding on 31 March 2023: 6,743
Previous positions: Fortum Corporation: Member of the Fortum Executive Managment and Executive Vice President, Generation 2021–2023, Vice President, Trading and Asset Optimisation, 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
Key positions of trust: Chair of the Board of Directors of Kemijoki Oy; Member of the Board of Directors of Finnish Energy, Chair of industry and climate committee of Finland Chambers of Commerce
Mikael Rönnblad
Executive Vice President, Consumer Solutions since 2017
Born 1969, nationality: Finnish
M.Sc. (Econ.)
Member of the Leadership Team since 2017
Employed by Fortum since 2017
Fortum shareholding 31 March 2023: 20,666
Previous positions: Senior Vice President & General Manager of New Digital Services Businesses and Consumer Customers Executive Board Member of Elisa Corporation 2009–2017; Vice President, Corporate Strategy and M&A 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 Telenor 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
Tiina Tuomela
Chief Financial Officer as of 1 April 2023
Born 1966, nationality Finnish
Member of Leadership Team as of 1 April 2023 and 2014–2012
Employed by Fortum 1990–2021 and 2023–
M.Sc. (Eng.), MBA
Fortum shareholding on 31 March 2023: 40,110
Previous positions: CFO and member of the Management Board of Uniper SE 2021–2023; Fortum Corporation: Executive Vice President, Generation division 2016–2021 and Member of Fortum Executive Management 2014–2021, Head of Nuclear and Thermal Power Division, several financial and managerial positions since 1990–2013
Key positions of trust: Chair of the Board of Directors of TVO Oyj; member of the Board of Directors of Wärtsilä Corporation.
Nebahat Albayrak
Executive Vice President, Sustainability and Corporate Relations since 31 March 2023
Born 1968, nationality: Dutch, Turkish
LLM, International and European Law, University of Leiden, Netherlands
Member of the Leadership Team since 2021
Employed by Fortum since 2021
Fortum shareholding 31 March 2023: 3,400
Previous positions: Member of the Executive Management and Senior Vice President, Corporate Affairs, Safety and Sustainability (incl. Group Communications, Public Affairs, and Brand) of Fortum Corporation 2021–2023; 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 Board of Nederlandse Spoorwegen (Dutch railways) and NKT Denmark, Member of the Advisory Board of Topvrouwen.nl
Eveliina Dahl
Executive Vice President, People and Procurement since 2021
Born 1983, nationality: Finnish
M.Sc. (Eng.)
Member of the Leadership Team since 2021
Employed by Fortum since 2006
Fortum shareholding on 31 March 2023: 2,792
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
Nora Steiner-Forsberg
Executive Vice President, Legal, General Counsel since 2021
Born 1973, nationality: Finnish
LLM, Helsinki University, Finland and Master of European Law, College of Europe, Bruges, Belgium
Member of Leadership Team since 2021
Employed by Fortum since 2011
Fortum shareholding on 31 March 2023: 1,582
Previous positions: Fortum Oyj: General Counsel 2021−2023, 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
Key positions of trust: Member of the Legal Affairs Committee of Confederation of Finnish Industries
Bernhard Günther
Chief Transformation Officer since 31 March 2023
Born 1967, nationality: German
Master of economics and PhD (Econ.), St. Gallen
Member of Leadership Team since 2021
Employed by Fortum since 2021
Fortum shareholding 31 March 2023: 723
Previous positions: Chief Financial Officer of Fortum Corporation 2021−2023; 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 Board of Thyssenkrupp AG