Fortum Shareholders' Nomination Board
FORTUM CORPORATION STOCK EXCHANGE RELEASE 3 November 2011 at 11.00 EET
The following persons have been appointed to Fortum Shareholders' Nomination Board: Pekka Timonen, Director General, Prime Minister's Office, Ownership Steering Department; Mikko Koivusalo, Investments Director, Varma Mutual Pension Insurance Company and Harri Sailas, CEO, Ilmarinen 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 31 March 2011, 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 2011 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 2012 at the latest.
Fortum Corporation
Anne Brunila
Executive Vice President, Corporate Relations and Sustainability
Tel. +358 10 45 20970
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 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 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