Fortum Shareholders' Nomination Board
FORTUM CORPORATION STOCK EXCHANGE RELEASE 7 November 2012 at 9.30 EET
The following persons have been appointed to Fortum Shareholders' Nomination Board: Jarmo Väisänen, Senior Financial Counsellor, Prime Minister's Office, Ownership Steering Department; Harri Sailas, CEO, Ilmarinen Mutual Pension Insurance Company and Mikko Koivusalo, Investments Director, Varma Mutual Pension Insurance Company. The Chairman of Fortum's Board of Directors, Sari Baldauf, serves as the Nomination Board's expert member.
According to the resolution by the Annual General Meeting, held on 11 April 2012, the Shareholders' Nomination Board will consist of the representatives of the three largest shareholders and, in addition, the Chairman of the Board of Directors as expert member.
The three shareholders whose shares represent the largest number of the votes of all shares in the company on 1 November 2012 will have the right to appoint the members representing the shareholders. The Shareholders' Nomination Board is to prepare proposals concerning board members and their compensation for the following Annual General Meeting.
The Nomination Board shall give its proposal to the Board of Directors of the company
by 1 February 2013 at the latest.
Senior Vice President, Corporate Communications
Tel. +358 10 45 20480
NASDAQ OMX Helsinki
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: www.fortum.com