Fortum Oyj Management
Management criteria checks 3/4
Fortum Oyj's CEO is Markus Rauramo, appointed in Jul 2020, has a tenure of 3.75 years. total yearly compensation is €3.06M, comprised of 52.6% salary and 47.4% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth MX$25.10M. The average tenure of the management team and the board of directors is 3.1 years and 1 years respectively.
Key information
Markus Rauramo
Chief executive officer
€3.1m
Total compensation
| CEO salary percentage | 52.6% |
| CEO tenure | 3.8yrs |
| CEO ownership | 0.01% |
| Management average tenure | 3.1yrs |
| Board average tenure | 1yr |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | €3m | €2m | €2b |
| Sep 30 2023 | n/a | n/a | €467m |
| Jun 30 2023 | n/a | n/a | -€1b |
| Mar 31 2023 | n/a | n/a | €652m |
| Dec 31 2022 | €3m | €2m | €2b |
| Sep 30 2022 | n/a | n/a | €2b |
| Jun 30 2022 | n/a | n/a | €7b |
| Mar 31 2022 | n/a | n/a | €4b |
| Dec 31 2021 | €4m | €2m | €4b |
| Sep 30 2021 | n/a | n/a | €4b |
| Jun 30 2021 | n/a | n/a | €1b |
| Mar 31 2021 | n/a | n/a | €2b |
| Dec 31 2020 | €2m | €808k | €2b |
Compensation vs Market: Markus's total compensation ($USD3.26M) is below average for companies of similar size in the MX market ($USD5.87M).
Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.
CEO
Markus Rauramo (55 yo)
3.8yrs
Tenure
€3,064,000
Compensation
Mr. Markus Heikki Erdem Rauramo, M. Sc. (Econ. and Pol.Hist.), served as the Chairman of Supervisory Board at Uniper SE since March 29, 2021. He has been Independent Director of Sampo Oyj since May 19, 20...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 3.8yrs | €3.06m | 0.013% MX$ 25.1m | |
| Chief Financial Officer | 1.1yrs | no data | no data | |
| Head of Corporate Financial Services Unit | 16.8yrs | no data | no data | |
| Vice President of Investor Relations & Financial Communications | no data | no data | no data | |
| Executive VP of Legal | 2.9yrs | no data | 0.00018% MX$ 351.9k | |
| Head of Publicity & Communications | no data | no data | no data | |
| Executive Vice President of People & Procurement | 2.9yrs | no data | 0.00032% MX$ 625.5k | |
| Head of the Russia Division | 14.5yrs | no data | no data | |
| Executive Vice President of Consumer Solutions | 6.9yrs | no data | 0.0023% MX$ 4.5m | |
| Chief Transformation Officer | no data | no data | 0.000090% MX$ 175.9k | |
| Executive VP of Corporate Customers & Markets | 3.1yrs | no data | 0.00078% MX$ 1.5m | |
| Executive Vice President of Sustainability & Corporate Relations | 2.8yrs | no data | 0.00038% MX$ 742.8k |
3.1yrs
Average Tenure
55yo
Average Age
Experienced Management: FORTUM N's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 4yrs | €78.00k | 0.00078% MX$ 1.5m | |
| Independent Director | 1yr | €67.00k | no data | |
| Independent Chair | 1yr | €125.00k | no data | |
| Independent Director | 1yr | €69.00k | no data | |
| Independent Director | 2.1yrs | €87.00k | 0.00025% MX$ 488.7k | |
| Independent Deputy Chair | 6.1yrs | €107.00k | 0.00032% MX$ 625.5k | |
| Independent Director | 3yrs | €73.00k | 0.00025% MX$ 488.7k | |
| Independent Director | 1yr | €59.00k | no data | |
| Independent Director | 1yr | €57.00k | no data |
1.0yrs
Average Tenure
57yo
Average Age
Experienced Board: FORTUM N's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/04/14 11:44 |
| End of Day Share Price | 2024/01/16 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Fortum Oyj is covered by 46 analysts. 15 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 |
|---|---|
| Pierre-Yves Gauthier | AlphaValue |
| Juan Rodriguez | AlphaValue |
| Peter Crampton | Barclays |