Fortum - Changes board/management/auditors

Changes in Fortum Corporation’s Management Team

Espoo, Finland, 2011-11-29 10:00 CET (GLOBE NEWSWIRE) -- FORTUM CORPORATION
STOCK EXCHANGE RELEASE 29 November 2011 at 11.00 EET 

Maria Paatero-Kaarnakari, Senior Vice President, Corporate Strategy and
Research & Development at Fortum Corporation, will leave her current position
to be appointed as Senior Vice President, Fortum Asia, as of 1 February 2012.
In her new position, Maria Paatero-Kaarnakari's main responsibility is to
initiate and develop a future growth platform for Fortum in India. She will be
placed in Delhi. With this change Maria Paatero-Kaarnakari will leave Fortum
Management Team. She will continue to report to Tapio Kuula, President and CEO
of Fortum Corporation. 

Anne Brunila, Executive Vice President, Corporate Relations and Sustainability,
will also take the responsibility of Corporate Strategy as of 1 January 2012
and her title will be Executive Vice President, Corporate Relations and
Strategy. 

Per Langer, Executive Vice President, Heat Division, will take the
responsibility of Corporate Research and Development and Innovation as of 1
January 2012. 


Fortum Corporation
Anne Brunila
Executive Vice President, Corporate Relations and Sustainability
Tel. +358 10 45 20970

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 Baltic
Rim area. In the future, the integrating European and fast-growing Asian energy
markets provide additional growth opportunities. In 2010, Fortum's sales
totalled EUR 6.3 billion and comparable operating profit was EUR 1.8 billion.
We employ approximately 10,500 people. Fortum's shares are quoted on NASDAQ OMX
Helsinki. 

Further information: www.fortum.com