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2015-01-22 12:36:51 CET 2015-01-22 12:37:46 CET REGULATED INFORMATION Fortum - Company AnnouncementProposals by the Fortum's Shareholders' Nomination Board to the Annual General Meeting 2015Espoo, Finland, 2015-01-22 12:36 CET (GLOBE NEWSWIRE) -- FORTUM CORPORATION STOCK EXCHANGE RELEASE 22 January 2015 at 13:35 EET Fortum's Shareholders' Nomination Board has forwarded to Fortum's Board of Directors its proposals to the Annual General Meeting 2015. The Shareholders' Nomination Board will propose to the Annual General Meeting that the Board consists of eight (8) members and that the following persons be elected to the Board of Directors for a term ending at the end of the Annual General Meeting 2016: To be re-elected: Ms Sari Baldauf as Chairman Mr Kim Ignatius as Deputy Chairman Ms Minoo Akhtarzand as member Mr Heinz-Werner Binzel as member Mr Petteri Taalas as member and Mr Jyrki Talvitie as member To be elected: Ms Eva Hamilton as member and Mr Tapio Kuula as member Fees to Board members: The Shareholders' Nomination Board will propose that the fees paid for the term to be as follows: Chairman: EUR 90,000/year Deputy Chairman: EUR 65,000/year Members: EUR 45,000/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 65,000/year. In addition, for each Board and Board Committee meeting a fee of EUR 600 will be proposed. For Board members living outside Finland in Europe, the proposed fee for each meeting will be doubled and for Board members living outside Europe, the proposed fee for each meeting will be tripled. For Board members living in Finland, the proposed fee for each Board and Board Committee meeting will be doubled for meetings held outside Finland and tripled for meetings held outside Europe. For Board and Committee meetings held as a telephone conference the proposed fee will be paid as single to all members. No fee will be paid for decisions made without a separate meeting. “The Shareholders' Nomination Board conducted an extensive survey of board fees in Finnish and international listed companies. The survey indicated that Fortum fees are clearly below the general level. The company adjusted its fees payable to the Board of Directors last time in 2013,” says Eero Heliövaara, Chairman of the Shareholder's Nomination Board. The Chairman of the Shareholders' Nomination Board is Eero Heliövaara, Director General of the Prime Minister's Office's Ownership Steering Department, and the members are Liisa Hyssälä, Director General of Finnish Social Insurance Institution (Kela) and Sari Baldauf, Chairman of Fortum Corporation's Board of Directors. Fortum Corporation Helena Aatinen Senior Vice President, Corporate Communications Further information: Eero Heliövaara, Chairman of the Shareholders' Nomination Board, tel. +358 295 160 150 Distribution: NASDAQ OMX Helsinki Key media www.fortum.com Biographical details of the new proposed Board members: EVA HAMILTON Born 1954 Nationality: Swedish Education: Uppsala University, Sweden, 1974 Journalisthögskolan i Stockholm (Stockholm University of Journalism), 1976 Main occupation: Board professional Primary work experience: Sveriges Television (SVT), CEO, 2006 - 2014 Sveriges Television (SVT), Head of SVT Fiction, 2004 - 2006 Sveriges Television (SVT), Director of News and Current Affairs, 2000 - 2004 Key positions of trust: Radiotjänst, the Swedish licence fee organization, Chairman Radiohjälpen Foundation, Chairman Royal Swedish Academy of Engineering Sciences (Kungliga Ingenjörsvetenskapsakademien IVA), Member of Business Executive Council Nobel Center Committee, Member Shareholdings: Eva Hamilton does not own Fortum Corporation's shares. TAPIO KUULA Born 1957 Nationality: Finnish Education: M.Sc. (Electrical engineering), Tampere University of Technology, Finland, 1980 M.Sc. (Econ.), University of Tampere, Finland, 1981 Main occupation: President and CEO, Fortum Corporation, 2009 - 31 January 2015 Primary work experience: Senior Vice President, Fortum Corporation, 2005 - 2009 President, Power and Heat Sector, Fortum Corporation, 2000 - 2005 Member of the Management Team of Fortum since 1997 Several managing director positions in utility companies in Finland Key positions of trust: Fortum Foundation, Chairman of the Board Varma Mutual Pension Insurance Company, Chairman of the Supervisory Board OAO Fortum, Chairman of the Board East Office of Finnish Industries Oy, Vice Chairman of the Board Finnish-Russian Chamber of Commerce, Member of the Board Finnish Fair Corporation, Member of the Supervisory Board EURELECTRIC, Member of the Board Northern Dimension Business Council, Co-Chairman Tapio Kuula owns 168,742 Fortum Corporation's shares Fortum Fortum's purpose is to create energy that improves life for present and future generations. Catering to the versatile needs of our customers, we generate, distribute and sell electricity and heat, and offer related expert services. Our operations focus on the Nordic and Baltic countries, Russia and Poland. In 2013, Fortum's sales totalled EUR 6.1 billion and comparable operating profit was EUR 1.6 billion. We employ approximately 8,800 people. Fortum's shares are traded on the NASDAQ OMX Helsinki. www.fortum.com |
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