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2013-01-31 08:15:01 CET 2013-01-31 08:15:07 CET REGULATED INFORMATION Fortum - Company AnnouncementThe nominees for Fortum's Board of Directors for the year 2013Espoo, Finland, 2013-01-31 08:15 CET (GLOBE NEWSWIRE) -- FORTUM CORPORATION STOCK EXCHANGE RELEASE 31 January 2013 at 9.15 EET The Annual General Meeting of Fortum Corporation, held on 11 April 2012, appointed a Shareholders' Nomination Board consisting of representatives of the three largest shareholders and, in addition, as expert member the Chairman of the Board, to prepare proposals for the next Annual General Meeting concerning Board members and their fees. In its meeting on 30 January 2013, the Shareholders' Nomination Board decided to propose to the Annual General Meeting, which is to be held on 9 April 2013, that the Board consists of seven members and that the following persons are re-elected to the Board of Directors: Sari Baldauf as Chairman Christian Ramm-Schmidt as Deputy Chairman Minoo Akhtarzand as member Heinz-Werner Binzel as member Ilona Ervasti-Vaintola as member Kim Ignatius as member and Joshua Larson as member. The Shareholders' Nomination Board has decided to propose to the Annual General Meeting that the fees to be paid to the members of Board remain unchanged compared to 2012 and are as follows: - Chairman: EUR 75,000/year - Deputy Chairman: EUR 57,000/year - Members: EUR 40,000/year - The Chairman of the Audit and Risk Committee, if he/she is not simultaneously acting as Chairman or Deputy Chairman of the Board: EUR 57,000/year In addition, for each meeting of the Board of Directors a fee of EUR 600 is proposed, which will be paid also for the meetings of the committees. For Board members living outside Finland in Europe, the fee for each meeting is proposed to be doubled and for a Board member living outside Europe, the fee for each meeting is proposed to be tripled. Travel expenses of the members of the Board of Directors shall be compensated for in accordance with the company's travel policy. Fortum Corporation Helena Aatinen Senior Vice President, Corporate Communications Further information: Jarmo Väisänen, Chairman of the Shareholders' Nomination Board, tel. +3589 1602 3015 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, Poland and the Baltics. 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 |
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