Fortum - Changes board/management/auditors

Changes in Fortum's Leadership Team: Bernhard Günther to leave Fortum

FORTUM CORPORATION STOCK EXCHANGE RELEASE 27 JUNE 2024 AT 9:30 EEST

Release category: Changes board/management/auditors

Bernhard Günther, Chief Transformation Officer and member of Fortum Leadership
Team, will leave Fortum at the end of 2024 by mutual agreement.

In March 2023, Fortum launched its Nordic strategy with focus on clean energy
and announced a new business structure and operating model. To support the
implementation of the new strategy and to drive efficiency and capability
development, a temporary Transformation Office was established, with Bernhard
Günther in the lead.

As the transformation initiatives are proceeding as planned and the work will be
handed over to the line organisation, there is no further need for a dedicated
Transformation Office.

“Bernhard and his team have successfully been driving the transformation of
Fortum to ensure the efficient execution of our strategy. We have built new
governance processes, developed our capabilities, and our cultural work is well
underway. We will continue this transformation journey to ensure that our
efforts on efficiency and cultural change will remain as a part of our daily
operations. We highly value Bernhard's contribution to Fortum, which still
continues for the rest of this year. I would like to take this opportunity to
thank Bernhard for his commitment and to wish him all the best in his future
endeavors,” says Markus Rauramo, President and CEO of Fortum.

Fortum Corporation

Ingela Ulfves, VP, Investor Relations and Financial Communications

Further information:

Investors and analysts:
Ingela Ulfves, VP, Investor Relations and Financial Communications, tel.
+358 40 515 1531

Media:
Fortum News Desk, newsdesk@fortum.com, +358 40 198 2843

Distribution:

Nasdaq Helsinki
Main media
www.fortum.com

Fortum
Fortum is a Nordic energy company. Our purpose is to power a world where people,
businesses and nature thrive together. We are one of the cleanest energy
producers in Europe and our actions are guided by our ambitious environmental
targets. We generate and deliver clean energy reliably and help industries to
decarbonise their processes and grow. Our core operations in the Nordics
comprise of efficient, CO2-free power generation as well as reliable supply of
electricity and district heat to private and business customers. For our ~5 000
employees, we commit to be a safe, and inspiring workplace. Fortum's share is
listed on Nasdaq Helsinki. fortum.com (https://www.fortum.com)

Attachments:

06277973.pdf