Stock exchange release

Change in Fortum Executive Management – Head of Russia division steps down from Fortum’s Executive Management Team; continues to lead business

01 September 2022, 09:00 EEST

Fortum sign 3

FORTUM CORPORATION STOCK EXCHANGE RELEASE 1 SEPTEMBER 2022 AT 9:00

Release category: Changes Board/Management/Auditors

The head of Fortum's Russia division, Alexander Chuvaev, and Fortum have agreed that he will  step down from his position at the company's Executive Management Team as of 1 September 2022. Alexander Chuvaev has been a member of Fortum's Executive Management since 2009. However, Mr Chuvaev continues in his position as the Head of the Russia division and still reports to Fortum’s President and CEO, Markus Rauramo.

In May Fortum announced that it will pursue a controlled exit from Russia with a divestment as a preferred path. This process is ongoing.  

Fortum Corporation

Ingela Ulfves
Vice President, Investor relations and Financial Communications

Further information:

Investors and analysts:
Ingela Ulfves, Vice President, Investor Relations and Financial Communications, tel. +358 40 515 1531

 

Media:
Pauliina Vuosio, VP, Executive Communications tel. +358 50 453 2383

Distribution:

Nasdaq Helsinki
Main media

www.fortum.com