Stock exchange release

The nominees for Fortum's Board of Directors for the year 2013

31 January 2013, 9:15 EET


The Annual General Meeting of Fortum Corporation, held on 11 April 2012, appointed a Shareholders' Nomination Board consisting of representatives of the three largest shareholders and, in addition, as expert member the Chairman of the Board, to prepare proposals for the next Annual General Meeting concerning Board members and their fees. In its meeting on 30 January 2013, the Shareholders' Nomination Board decided to propose to the Annual General Meeting, which is to be held on 9 April 2013, that the Board consists of seven members and that the following persons are re-elected to the Board of Directors:

Sari Baldauf as Chairman
Christian Ramm-Schmidt as Deputy Chairman
Minoo Akhtarzand as member
Heinz-Werner Binzel as member
Ilona Ervasti-Vaintola as member
Kim Ignatius as member and
Joshua Larson as member.

The Shareholders' Nomination Board has decided to propose to the Annual General Meeting that the fees to be paid to the members of Board remain unchanged compared to 2012 and are as follows:

- Chairman: EUR 75,000/year
- Deputy Chairman: EUR 57,000/year
- Members: EUR 40,000/year
- The Chairman of the Audit and Risk Committee, if he/she is not simultaneously acting as Chairman or Deputy Chairman of the Board: EUR 57,000/year

In addition, for each meeting of the Board of Directors a fee of EUR 600 is proposed, which will be paid also for the meetings of the committees. For Board members living outside Finland in Europe, the fee for each meeting is proposed to be doubled and for a Board member living outside Europe, the fee for each meeting is proposed to be tripled.

Travel expenses of the members of the Board of Directors shall be compensated for in accordance with the company’s travel policy.

Fortum Corporation
Helena Aatinen
Senior Vice President, Corporate Communications

Further information:
Jarmo Väisänen, Chairman of the Shareholders' Nomination Board, tel. +3589 1602 3015

Key media


Fortum's purpose is to create energy that improves life for present and future
generations. We provide sustainable solutions that fulfil the needs for low
emissions, resource efficiency and energy security, and deliver excellent value
to our shareholders. Our activities cover the generation, distribution and
sales of electricity and heat as well as related expert services.

Fortum's operations focus on the Nordic countries, Russia, Poland and the
Baltics. In the future, the integrating European and fast-growing Asian energy
markets provide additional growth opportunities. In 2011, Fortum’s sales
totalled EUR 6.2 billion and comparable operating profit was EUR 1.8 billion.
We employ approximately 10,800 people. Fortum’s shares are quoted on NASDAQ OMX

Further information: