Change in Fortum Executive Management – head of Business Technology to leave Fortum

FORTUM CORPORATION STOCK EXCHANGE RELEASE 17 NOVEMBER 2021 AT 8:30 EET

Release category: Changes Board/Management/Auditors

Mr Arun Aggarwal, Senior Vice President, Business Technology, and Fortum have mutually agreed that he will leave Fortum. Mr Aggarwal joined Fortum in 2018 and has been a member of the Fortum Executive Management ever since. As of today, Ms Sanna Pekari, M.Sc. (Civil Eng.), MBA, resumes the role as Senior Vice President, Business Technology and will report to Fortum’s President and CEO, Markus Rauramo. Ms Pekari will not be a member of Fortum Executive Management. Sanna Pekari is currently responsible for business support and digitalisation in Fortum’s Business Technology. Mr Aggarwal will be available to support Ms Pekari in the transition to her new role.

“Arun has played a central role in Fortum’s transformation, driving value-accretive digitalisation and bringing a fresh approach to innovation and venturing. On behalf of Fortum, I want to thank Arun and wish him all the best in his future undertakings,” says Markus Rauramo, President and CEO of Fortum.

Fortum Corporation

Ingela Ulfves, Vice President, Investor Relations and Financial Communications

Further information:

Investors and analysts:
Ingela Ulfves, VP, IR and Financial Communications, tel. +358 40 5151 531

Media:
Fortum News Desk tel. +358 40 198 2843

Distribution:

Nasdaq Helsinki
Key media
www.fortum.com

Fortum

Fortum is a European energy company with activities in more than 40 countries. We provide our customers with electricity, gas, heating and cooling as well as smart solutions to improve resource efficiency. Together with our subsidiary Uniper, we are the third largest producer of CO2-free electricity in Europe. Close to 20,000 professionals and a combined balance sheet of approximately EUR 60 billion, we have the scale, competence and resources to grow and to drive the energy transition forward. Fortum's share is listed on Nasdaq Helsinki and Uniper's share on the Frankfurt Stock Exchange. www.fortum.com