Fortum - Changes board/management/auditors

Tapio Kuula new President and CEO of Fortum Corporation

Fortum Corporation                                                              
Stock exchange release                                                          
7 April 2009 at 12:10 EET                                                       

Tapio Kuula new President and CEO of Fortum Corporation                         

Tapio Kuula (51), member of Fortum Corporation's Management Team, has been      
appointed Fortum Corporation's President and CEO as of 1 May 2009. The          
appointment was made by Fortum's Board of Directors unanimously as a result of  
its comprehensive search process. The decision was made in the Board's ordinary 
meeting today 7 April 2009.                                                     

”As we were fully aware of Mikael Lilius' job agreement and the coming change of
the President and CEO, successor selection process was initiated already last   
autumn. The search had proceeded to the point that the Board of Directors could 
unanimously decide the new President and CEO for Fortum,” says Matti Lehti,     
Deputy Chairman of Fortum's Board of Directors.                                 

“Fortum has great potential as a northern European power and heat company,      
especially as a provider of sustainable energy solutions. I know Fortum and its 
business well and I have actively participated in the company's strategy        
development. I believe this is a good starting point for me as the new President
and CEO,” says Tapio Kuula.                                                     

Tapio Kuula has worked at Fortum since 1996 and has been member of the          
Management Team since 1997. During the recent years, his responsibility areas   
have been Generation, Portfolio Management and Trading (PMT), Service and       
Russian operations, and during the past year, especially the integration of the 
Russian TGC-10. Prior to Fortum, Kuula has worked at forest industry and as     
President and CEO of various energy companies. He holds Master's degrees in     
engineering and economics.                                                      

The current President and CEO Mikael Lilius will retire in December when he will
reach the age of 60. Until his retirement, Mr Lilius will continue to work with 
assignments from the Board of Directors and Fortum Management Team with special 
focus on Russian operations.                                                    


Fortum Corporation                                                              
Maria Romantschuk                                                               
SVP, Corporate Communications                                                   

FURTHER INFORMATION - PRESS CONFERENCE AT 1 p.m. (Finnish time)                 
A press conference (in Finnish) will be held in Fortum Corporation's head office
in Keilaniementie 1, Espoo, today, 7 April 2009 at 1 p.m (Finnish time). The    
persons present at the press conference will be Matti Lehti and Tapio Kuula.    


Attachement:                                                                    
CV Tapio Kuula                                                                  

1 May 2009-	                                                                    
President and CEO, Fortum Corporation                                           
Employed by the company since 1996                                              
Member of the company's management team since 1997	                             

Born	                                                                           
1957 	                                                                          

Education	                                                                      
B.Sc. (Econ), University of Tampere, 1979                                       
M.Sc. (Electrical Engineering), Tampere University of Technology, 1980          
M.Sc. (Econ), University of Tampere, 1981                                       

Dr.h.c., Lappeenranta University of Technology, 2008                            

Family	                                                                         
Married, 3 children                                                             

Previous positions	                                                             

2000-	                                                                          
President, Fortum Power and Heat Oy                                             

2005-2009	                                                                      
Senior Vice President, Fortum Corporation	                                      
- responsibilities: Generation, Power Portfolio Management and Trading, Service 
and Russia                                                                      
geographical responsibilities: Finland and Russia                               

2000-2005	                                                                      
President, Power and Heat Sector, Fortum Oyj                                    

1999-2000	                                                                      
Senior Executive Vice President, Fortum Power and Heat Oy                       

1997-1998	                                                                      
Executive Vice President, member of the management team and the board,          
Imatran Voima Oy                                                                

1996-1997	                                   
Director, Distribution, Imatran Voima Oy                                        

1995-1996	                                                                      
Deputy Managing Director, Länsivoima Oyj                                        

1993-1996	                                                                      
Managing Director, Jyllinkosken Sähkö Oyj                                       

1989-1993	                                                                      
Managing Director, Koillis-Pohjan Sähkö Oy                                      

1988-1989	                                                                      
Managing Director, the Energy Utility of the City of Seinäjoki                  

1986-1988	                                                                      
System Development Manager, Stuart Edgar Ltd. (G A Serlachius) England          

1984-1986	                                                                      
System Development Manager, G A Serlachius                                      

1980-1984	                                                                      
Research Manager, Koillis-Pohjan Sähkö Oy                                       

Current positions of trust                                                      

2000-	                                                                          
Teollisuuden Voima Oyj, chairman/vice chairman, now vice chairman               

2008-	                                                                          
OAO Territorial Generating Company 10, TGC-10, chairman of the board            

2005-	                                                                          
OAO Territorial Generating Company 1, TGC-1, member of the board, vice chairman 
of the                                                                          
board 2006-2007                                                                 

2002-	                                          
Varma Mutual Pension Insurance Company, member of the supervisory board         

2005-	                                                                          
National Board of Economic Defence, member of Energy Supply Sector              

2000-	                                                                          
Baltrel, Committee Member, chairman 2002-2005                                   

2001-	                                                                          
Fortum Foundation, vice chairman of the board                                   
Several earlier board positions within the energy sector in Finland, Sweden,    
Germany and Russia