Fortum - Company Announcement

Markus Rauramo appointed as Fortum's new CFO and member of Fortum Management Team

Espoo, Finland, 2012-02-16 07:30 CET (GLOBE NEWSWIRE) -- STOCK EXCHANGE RELEASE
16.2.2012 

Markus Rauramo (43), M.Sc., Political Sciences, has been appointed as a new
Chief Financial Offi-cer (CFO) at Fortum Corporation. He will be a member of
Fortum Management Team and report to Tapio Kuula, President and CEO of Fortum
Corporation. 

Fortum's long-time CFO, Juha Laaksonen, will retire according to his terms of
employment in the beginning of 2013. 

Markus Rauramo will join Fortum from Stora Enso, where he has held various
managerial and lead-ership positions since 1993. His latest position was CFO.
Markus Rauramo will start at Fortum in August 2012 and as a CFO as of September
1, 2012. 

“In this connection I would like to express my warmest thanks to Juha Laaksonen
for his long and successful career in Fortum and his valuable input as a close
colleague to CEO. At the same time I would like to welcome Markus Rauramo to
the energy sector and Fortum” says Tapio Kuula. 

Fortum Corporation
Corporate Communications

Additional information: Tapio Kuula, President and CEO, tel. +358 10 452 4112


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 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