The nominees for Fortum's Board of Directors for the year 2011
Fortum Corporation, Stock Exchange Release, 2011-02-02 08:11 CET (GLOBE
NEWSWIRE) -- The Annual General Meeting of Fortum Corporation, held on 25 March
2010, appointed a Shareholders' Nomination Committee consisting of
representatives of the three largest shareholders to prepare proposals for the
next Annual General Meeting concerning Board members and their fees. In its
meeting on 1 February 2011, the Shareholders' Nomination Committee decided to
propose to the Annual General Meeting, which is to be held on 31 March 2011,
that the Board consists of seven members and that the following persons are
elected to the Board of Directors. Matti Lehti and Birgitta Johansson-Hedberg
have stated that they are no longer available for election.
To be re-elected:
Sari Baldauf, to be elected as chairman
Christian Ramm-Schmidt, to be elected as deputy chairman
Esko Aho as member
Ilona Ervasti-Vaintola as member
Joshua Larson as member
To be elected as new members:
Minoo Akhtarzand as member
Heinz-Werner Binzel as member
The Shareholders' Nomination Committee proposes to the Annual General Meeting
that the fees to be paid to the members of Board remain unchanged compared to
2010 and are as follows:
Chairman, EUR 66,000/year
Deputy chairman, EUR 49,200/year
Member, EUR 35,400/year
Meeting fee, EUR 600/meeting.
The meeting fee is also paid for committee meetings and is paid in double to a
member who lives outside Finland in Europe and in triple to a member who lives
elsewhere outside Finland.
Furthermore, travel expenses shall be compensated for in accordance with the
Company's travel policy.
Fortum Corporation
Anne Brunila
Executive Vice President, Corporate Relations and Sustainability
Further information:
Pekka Timonen, Chairman of the Shareholders' Nomination Committee, tel. +3589
1602 3000
Distribution:
NASDAQ OMX Helsinki
Key media
www.fortum.com
Biographical details of the new proposed board members
MINOO AKHTARZAND
Born 1956
Education:
Civil Engineer, Electrical engineering, Kungliga Tekniska Högskolan
Main occupation:
Governor in the County of Jönköping
Primary work experience:
Swedish National Rail Administration, Director-General, 2008-2010
Regional Labour Agency, Director, 2006-2008
Vattenfall AB, several senior executive positions, 1984-2006
Stockholm Energi, 1981-1984
Key positions of trust:
Sveriges Radio, Board Member, 2007-
EIM (European Infrastructure Managers), Vice Chairman, 2009-2010
Vattenfall Bränsle AB, Board Member, 2004-2006
Vattenfall Vattenkraft, Board Member, 2003-2006
Vattenfall Business service AB, Board Member, 2003-2006
Västerbergslagens Energi AB, Chairman of the board, 2000-2004
Shareholding:
Minoo Akhtarzand does not own Fortum Corporation shares
HEINZ-WERNER BINZEL
Born 1954
Education:
Technische Hochschule Darmstadt / Queen Mary College, London
Economics and electrical engineering degree: Diplom-Wirtschaftsingenieur
Fachhochschule Mainz
Business economics degree: Betriebswirt (grad.)
Main occupation:
Independent consultant
Primary work experience:
RWE Energy AG, Board member for procurement and sale of electricity, gas, and
water, 2003-2005
RWE SOLUTIONS AG, Board member as CFO and from 2002 onward as CEO, 1999-2003
NUKEM GMBH, several senior executive positions in Germany and the USA, 1981-1999
Key positions of trust:
TÜV Rheinland Holding AG, Member of Supervisory board, since 04/2008; Chairman
of Audit Committee, since 04/2010
RWE Solutions AG, Chairman of Supervisory board, 2003-2006
Shareholding:
Heinz-Werner Binzel does not own Fortum Corporation
