Fortum sets up business and appoints Philippe Stohr as Country Manager in France

PRESS RELEASE, 12 December 2011

Fortum has appointed Mr. Philippe Stohr as Country Manager for Fortum France SNC to develop the company’s activities in France. Prior to joining Fortum, Mr. Stohr was Director of Strategy and Development for Dalkia in Germany.  

Establishing a country organisation to France is an important step in Fortum's ambition to participate in developing the French renewable energy in the long-term. Fortum France SNC is focusing on two areas of renewable energy: the forthcoming participation in the renewal of French hydropower concessions and the development of wave energy through the recently signed cooperation agreement with French DCNS.

In line with its strategy, Fortum will participate in the tendering process for hydropower concession renewals in France as announced at the end of 2010. Fortum considers the renewal of the concessions an opportunity for increasing its share of hydropower in the heart of the European electricity markets. Today, Fortum owns and operates some 260 hydropower plants with the total capacity of 4,700 MW in the Nordic countries. In 2010, almost 90% of Fortum’s power production in Europe was CO2-free and more than 40% based on renewable energy sources.  

"We are excited to have the opportunity to bring our experience and competence in France and to develop local cooperation in the French renewable energy business", says Mr. Matti Ruotsala, Executive Vice President of Fortum, when announcing the new French country organisation and the appointment of Mr. Philippe Stohr. "Fortum aims to play a significant part in the next generation renewable energy system, and Fortum France will lead our efforts to develop French power business in the long-term."

Fortum Corporation
Corporate Communications

Further information:
Matti Ruotsala, Executive Vice President, Power Division, Fortum, tel. +358 40 048 7052
Philippe Stohr, Country Manager, Fortum France, tel. +33 1 70 92 37 01
 

Fortum

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 Baltic Rim area. In the future, the integrating European and fast-growing Asian energy markets provide additional growth opportunities. In 2010, Fortum’s sales totalled EUR 6.3 billion and comparable operating profit was EUR 1.8 billion. We employ approximately 10,500 people. Fortum’s shares are quoted on NASDAQ OMX Helsinki.

Further information: www.fortum.com