Fortum - Changes board/management/auditors

Mikael Rönnblad appointed Executive Vice President, Consumer Solutions

FORTUM CORPORATION STOCK EXCHANGE RELEASE 20 MARCH 2017 AT 12.15 EET

Mikael Rönnblad, M.Sc. (Econ.), 47, has been appointed Executive Vice
President, Consumer Solutions and member of Fortum’s Executive Management
starting on 15 June 2017 at the latest. He will report to the President and
CEO. Mr. Rönnblad will have the overall responsibility for Fortum's consumer
business, including the development of new solutions and business models. 

Consumer Solutions will comprise electricity sales, as well as certain consumer
business related parts of the current Technology and New Ventures unit. 

Mikael Rönnblad has been working for Elisa, a Finnish telecommunications, ICT
and online service company, for more than 13 years in various positions, most
recently as Consumer Customers Executive Board Member leading Digital Services
Businesses. 

"Mikael is ambitious and commercially oriented with 20 years of strategy
execution and international leadership experience in digital services and
equity markets. He has a strong track record and proven ability to form
customer‐appealing business strategies and offerings as well as to lead
international teams and operations through challenging transformation phases. I
wish Mikael warmly welcome to Fortum, our Executive Management Team and to the
energy sector," says Pekka Lundmark, Fortum’s President and CEO. 

Fortum Corporation

Sophie Jolly, Vice President, Investor Relations and Financial Communications

Additional information:

Pekka Lundmark, President and CEO
Call-back requests tel. +358 10 452 4112

Distribution:

Nasdaq Helsinki
Key media
www.fortum.com

Fortum
Fortum is a leading clean-energy company that provides its customers with
electricity, heating and cooling as well as smart solutions to improve resource
efficiency. We want to engage our customers and society to join the change for
a cleaner world. We employ some 8,000 professionals in the Nordic and Baltic
countries, Russia, Poland and India, and 62% of our electricity generation is
CO2 free. In 2016, our sales were EUR 3.6 billion. Fortum's share is listed on
Nasdaq Helsinki. www.fortum.com