Fortum Oyj Management
Management criteria checks 2/4
Fortum Oyj's CEO is Markus Rauramo, appointed in Jul 2020, has a tenure of 5.33 years. total yearly compensation is €2.94M, comprised of 54% salary and 46% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth €2.16M. The average tenure of the management team and the board of directors is 4.3 years and 2.6 years respectively.
Key information
Markus Rauramo
Chief executive officer
€2.9m
Total compensation
| CEO salary percentage | 54.00% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.01% |
| Management average tenure | 4.3yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
Earnings Miss: Fortum Oyj Missed EPS By 38% And Analysts Are Revising Their Forecasts
Nov 01
Fortum Oyj (HEL:FORTUM) Looks Inexpensive But Perhaps Not Attractive Enough
Oct 27Is Fortum Oyj (HEL:FORTUM) A Risky Investment?
Oct 11Is Fortum Oyj (HEL:FORTUM) Trading At A 38% Discount?
Sep 26Fortum Oyj (HEL:FORTUM) Is Doing The Right Things To Multiply Its Share Price
Sep 07Weak Statutory Earnings May Not Tell The Whole Story For Fortum Oyj (HEL:FORTUM)
Aug 23Revenue Miss: Fortum Oyj Fell 7.4% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
Aug 20Is Fortum Oyj (HEL:FORTUM) Trading At A 28% Discount?
Jun 23Returns At Fortum Oyj (HEL:FORTUM) Are On The Way Up
May 18Does Fortum Oyj (HEL:FORTUM) Have A Healthy Balance Sheet?
Apr 14Fortum Oyj's (HEL:FORTUM) Intrinsic Value Is Potentially 39% Above Its Share Price
Mar 20Fortum Oyj's (HEL:FORTUM) Anemic Earnings Might Be Worse Than You Think
Feb 18Fortum Oyj (HEL:FORTUM) Takes On Some Risk With Its Use Of Debt
Dec 31Fortum Oyj's (HEL:FORTUM) Price Is Right But Growth Is Lacking
Dec 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | €864m |
| Jun 30 2025 | n/a | n/a | €944m |
| Mar 31 2025 | n/a | n/a | €1b |
| Dec 31 2024 | €3m | €2m | €1b |
| Sep 30 2024 | n/a | n/a | €1b |
| Jun 30 2024 | n/a | n/a | €1b |
| Mar 31 2024 | n/a | n/a | €1b |
| Dec 31 2023 | €3m | €2m | €2b |
| Sep 30 2023 | n/a | n/a | €2b |
| Jun 30 2023 | n/a | n/a | -€217m |
| Mar 31 2023 | n/a | n/a | €2b |
| Dec 31 2022 | €3m | €2m | €2b |
| Sep 30 2022 | n/a | n/a | €2b |
| Jun 30 2022 | n/a | n/a | €7b |
| Mar 31 2022 | n/a | n/a | €4b |
| Dec 31 2021 | €4m | €2m | €4b |
| Sep 30 2021 | n/a | n/a | €4b |
| 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 ($USD3.38M) is above average for companies of similar size in the Finnish market ($USD2.10M).
Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.
CEO
Markus Rauramo (57 yo)
Mr. Markus Heikki Erdem Rauramo, M. Sc. (Econ. and Pol.Hist.), served as the Chairman of Supervisory Board at Uniper SE since March 29, 2021. He has been Independent Director of Sampo Oyj since May 19, 20...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 5.3yrs | €2.94m | 0.013% € 2.2m | |
| Chief Financial Officer | 2.7yrs | no data | 0.0046% € 755.9k | |
| Vice President of Investor Relations & Financial Communications | no data | no data | no data | |
| Executive VP of Legal & General Counsel | less than a year | no data | no data | |
| Head of Publicity & Communications | no data | no data | no data | |
| Executive Vice President of People | less than a year | no data | no data | |
| Head of the Russia Division | 16.1yrs | no data | no data | |
| Executive Vice President of Consumer Solutions | 8.5yrs | no data | 0.0024% € 388.6k | |
| Executive VP of Corporate Customers & Markets | 4.7yrs | no data | 0.0010% € 166.5k | |
| Executive Vice President of Sustainability & Corporate Relations | 4.3yrs | no data | 0.00052% € 84.9k | |
| VP and Head of Corporate M&A | no data | no data | no data | |
| Senior Vice President of Business Technology | 4yrs | no data | no data |
Experienced Management: FORTUM's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 5.6yrs | €94.00k | 0.0012% € 194.3k | |
| Independent Director | 2.6yrs | €83.00k | 0.00061% € 99.6k | |
| Independent Chair | 2.6yrs | €167.00k | 0.0020% € 324.9k | |
| Independent Deputy Chairman | 2.6yrs | €90.00k | 0.00061% € 99.6k | |
| Independent Director | 3.7yrs | €109.00k | 0.00071% € 115.9k | |
| Independent Director | 4.6yrs | €91.00k | 0.00066% € 107.7k | |
| Independent Director | 2.6yrs | €82.00k | 0.00055% € 89.8k | |
| Independent Director | 2.6yrs | €79.00k | 0.00055% € 89.8k | |
| Independent Director | less than a year | no data | no data |
Experienced Board: FORTUM's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/23 02:31 |
| End of Day Share Price | 2025/11/21 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fortum Oyj is covered by 34 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Oscar Nájar Ríos | Banco Santander |
| Peter Bisztyga | Barclays |
| Peter Crampton | Barclays |