Markus Rauramo appointed as Fortum's new CFO and member of Fortum Management Team

STOCK EXCHANGE RELEASE 16.2.2012

Markus Rauramo (43), M.Sc., Political Sciences, has been appointed as a new Chief Financial Offi-cer (CFO) at Fortum Corporation. He will be a member of Fortum Management Team and report to Tapio Kuula, President and CEO of Fortum Corporation.

Fortum’s long-time CFO, Juha Laaksonen, will retire according to his terms of employment in the beginning of 2013.

Markus Rauramo will join Fortum from Stora Enso, where he has held various managerial and lead-ership positions since 1993. His latest position was CFO. Markus Rauramo will start at Fortum in August 2012 and as a CFO as of September 1, 2012.

“In this connection I would like to express my warmest thanks to Juha Laaksonen for his long and successful career in Fortum and his valuable input as a close colleague to CEO. At the same time I would like to welcome Markus Rauramo to the energy sector and Fortum” says Tapio Kuula.

Fortum Corporation
Corporate Communications       

Additional information: Tapio Kuula, President and CEO, tel. +358 10 452 4112

 
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 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 Helsinki.

Further information: www.fortum.com