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Fortum Oyj Management
Management criteria checks 2/4
Fortum Oyj's CEO is Markus Rauramo, appointed in Jul 2020, has a tenure of 2.25 years. total yearly compensation is €3.68M, comprised of 42.3% salary and 57.7% bonuses, including company stock and options. directly owns 0.011% of the company’s shares, worth €1.38M. The average tenure of the management team and the board of directors is 7.6 years and 2.5 years respectively.
Key information
Markus Rauramo
Chief executive officer
€3.7m
Total compensation
| CEO salary percentage | 42.3% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.01% |
| Management average tenure | 7.6yrs |
| Board average tenure | 2.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2022 | n/a | n/a | -€8b |
| Mar 31 2022 | n/a | n/a | -€3b |
| Dec 31 2021 | €4m | €2m | €739m |
| Sep 30 2021 | n/a | n/a | €277m |
| Jun 30 2021 | n/a | n/a | €1b |
| Mar 31 2021 | n/a | n/a | €2b |
| Dec 31 2020 | €2m | €808k | €2b |
Compensation vs Market: Markus's total compensation ($USD3.60M) is about average for companies of similar size in the German market ($USD4.53M).
Compensation vs Earnings: Markus's compensation has increased whilst the company is unprofitable.
CEO
Markus Rauramo (54 yo)
2.3yrs
Tenure
€3,683,000
Compensation
Mr. Markus Heikki Erdem Rauramo, M.Sc. (Econ. and Pol. Hist.), serves as the Chairman of Supervisory Board at Uniper SE since March 29, 2021.He has been Independent Director of Sampo Oyj since May 19, 202...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 2.3yrs | €3.68m | 0.011% € 1.4m | |
| Chief Financial Officer | 1.7yrs | no data | no data | |
| Head of Corporate Financial Services Unit | 15.3yrs | no data | no data | |
| Vice President of Investor Relations & Financial Communications | no data | no data | no data | |
| General Counsel & Secretary of the Board of Directors | 1.4yrs | no data | 0.000040% € 4.9k | |
| Head of Publicity & Communications | no data | no data | no data | |
| Senior Vice President of People | 1.4yrs | no data | 0.000090% € 11.1k | |
| Executive Vice President of City Solutions | 13.8yrs | no data | 0.0055% € 679.4k | |
| Head of Markets | no data | no data | no data | |
| Managing Director of Fortum Värme | no data | no data | no data | |
| Head of Customer Services Unit | 15.3yrs | no data | no data | |
| Head of the Russia Division | 13yrs | no data | 0.0062% € 758.3k |
7.6yrs
Average Tenure
54.5yo
Average Age
Experienced Management: FOT's management team is seasoned and experienced (7.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 2.5yrs | €58.00k | no data | |
| Independent Deputy Chair | 5.5yrs | €65.00k | no data | |
| Independent Chairman of the Board | 6.5yrs | €92.00k | 0.00056% € 69.0k | |
| Independent Director | 3.6yrs | €55.00k | no data | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 4.6yrs | €76.00k | no data | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 2.5yrs | €57.00k | no data | |
| Independent Director | 1.5yrs | €34.00k | no data |
2.5yrs
Average Tenure
57yo
Average Age
Experienced Board: FOT's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.