Fortum's Shareholders' Nomination Board
FORTUM CORPORATION STOCK EXCHANGE RELEASE 3 September 2013 at 18.40 EEST
The following persons have been appointed to Fortum's Shareholders' Nomination Board:
Eero Heliövaara, Director General of the Government Ownership Steering Department, Prime Minister's Office; Harri Sailas, President and CEO, Ilmarinen Mutual Pension Insurance Company and Liisa Hyssälä, Director General, The Social Insurance Institution of Finland, KELA. In addition, the Chairman of Fortum's Board of Directors Sari Baldauf is a member of the Shareholders' Nomination Board.
According to the resolution by the Annual General Meeting, held on 9 April 2013, the Shareholders' Nomination Board is now a permanent body in Fortum's corporate governance and consists of four members. The Company’s three largest shareholders are each entitled to appoint one member to the Nomination Board. The right to nominate is determined on the basis of the registered holdings in Fortum's shareholder register as of the first working day in September. The fourth member is the Chairman of the Company’s Board of Directors.
The purpose and task of the Nomination Board is to prepare and present a proposal to the Annual General Meeting on the number of the members of the Board of Directors, on the members of the Board of Directors as well as on their remuneration. In addition, the Nomination Board is responsible for identifying candidates as potential board members.
The now appointed Nomination Board will forward its proposals for the Annual General Meeting to Fortum's Board of Directors by 31 January 2014.
Fortum Corporation
Helena Aatinen
Senior Vice President, Corporate Communications
+358 10 452 0480
Distribution:
NASDAQ OMX Helsinki
Key media
www.fortum.com
Fortum
Fortum's purpose is to create energy that improves life for present and future generations. We provide sustainable solutions that fulfill 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 2012, Fortum’s sales totalled EUR 6.2 billion and comparable operating profit was EUR 1.7 billion. We employ approximately 10,400 people. Fortum’s shares are quoted on NASDAQ OMX Helsinki.