Fortum Oyj Management

Management criteria checks 3/4

Fortum Oyj's CEO is Markus Rauramo, appointed in Jul 2020, has a tenure of 4.17 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 $1.91M. The average tenure of the management team and the board of directors is 3.5 years and 1.4 years respectively.

Key information

Markus Rauramo

Chief executive officer

€3.1m

Total compensation

CEO salary percentage	52.6%
CEO tenure	4.2yrs
CEO ownership	0.01%
Management average tenure	3.5yrs
Board average tenure	1.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Markus Rauramo's remuneration changed compared to Fortum Oyj's earnings?
Date	Total Compensation	Salary	Company Earnings
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 ($USD3.42M) is below average for companies of similar size in the US market ($USD13.03M).

Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.

CEO

Markus Rauramo (56 yo)

4.2yrs

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
Markus Rauramo	President & CEO	4.2yrs	€3.06m	0.013% € 1.9m
Tiina Tuomela	Chief Financial Officer	1.5yrs	no data	0.0045% € 671.3k
Ensio Väisänen	Head of Corporate Financial Services Unit	17.3yrs	no data	no data
Ingela Ulfves	Vice President of Investor Relations & Financial Communications	no data	no data	no data
Nora Steiner-Forsberg	Executive VP of Legal	3.3yrs	no data	0.00022% € 32.7k
Heli Kurki	Head of Publicity & Communications	no data	no data	no data
Eveliina Dahl	Executive Vice President of People & Procurement	3.3yrs	no data	0.00036% € 53.5k
Alexander Chuvaev	Head of the Russia Division	14.9yrs	no data	no data
Mikael Rönnblad	Executive Vice President of Consumer Solutions	7.3yrs	no data	0.0023% € 344.6k
Bernhard Gunther	Chief Transformation Officer	no data	no data	0.00013% € 19.3k
Simon-Erik Ollus	Executive VP of Corporate Customers & Markets	3.5yrs	no data	0.00083% € 123.3k
Nebahat Albayrak	Executive Vice President of Sustainability & Corporate Relations	3.2yrs	no data	0.00039% € 57.9k

3.5yrs

Average Tenure

56yo

Average Age

Experienced Management: FOJC.Y's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Teppo Paavola	Independent Director	4.4yrs	€78.00k	0.00098% € 145.6k
Vesa-Pekka Takala	Independent Director	1.4yrs	€67.00k	0.00034% € 50.5k
Mikael Silvennoinen	Independent Chair	1.4yrs	€125.00k	0.0011% € 157.4k
Jonas Gustavsson	Independent Director	1.4yrs	€69.00k	0.00034% € 50.5k
Ralf Christian	Independent Director	2.5yrs	€87.00k	0.00045% € 66.8k
Essimari Kairisto	Independent Deputy Chair	6.5yrs	€107.00k	0.00060% € 89.1k
Luisa de Andrade Delgado	Independent Director	3.4yrs	€73.00k	0.00045% € 66.8k
Marita Niemela	Independent Director	1.4yrs	€59.00k	0.00034% € 50.5k
Johan Soderstrom	Independent Director	1.4yrs	€57.00k	0.00034% € 50.5k

1.4yrs

Average Tenure

58yo

Average Age

Experienced Board: FOJC.Y's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.

Fortum Oyj Management

Management criteria checks 3/4

Key information

Recent management updates

Fortum Oyj, Annual General Meeting, Apr 01, 2025

Fortum Announces Executive Resignations

Fortum Oyj Announces Resignation of Bernhard Gunther as Chief Transformation Officer and Member of Leadership Team

Fortum Oyj Announces Appointment to Shareholders' Nomination Board 2024-2025

Fortum Announces Maija Strandberg Not to Stand for Election to the Board of Directors

Fortum Oyj Announces Appointment to Shareholders' Nomination Board

Recent updates

AM Green Technology and Solutions B.V acquired Chempolis Oy/all biobased solutions businesses of Fortum/Assam Bio Ethanol Pvt Ltd from Fortum Oyj (HLSE:FORTUM).

Fortum Oyj, Annual General Meeting, Apr 01, 2025

Fortum Oyj to Report Q1, 2025 Results on Apr 29, 2025

Fortum Reportedly to Sell Majority Stakes in Renewable, EV Charging Businesses in India

Fortum Announces Executive Resignations

Fortum Oyj Announces Resignation of Bernhard Gunther as Chief Transformation Officer and Member of Leadership Team

Fortum Oyj Announces Appointment to Shareholders' Nomination Board 2024-2025

Fortum Proposes Dividend for the Year 2023, Payable on 5 April 2024 and 9 October 2024 Respectively

Fortum Announces Maija Strandberg Not to Stand for Election to the Board of Directors

Fortum Launches Green Finance Framework

Actis, Edelweiss, Petronas Reportedly Eye Fortum JV's Solar Assets

Fortum Oyj Announces Appointment to Shareholders' Nomination Board

Fortum Oyj to Report First Half, 2024 Results on Aug 15, 2024

ONGC, Four Others Reportedly Vie for Fortum Projects

Fortum Oyj (HLSE:FORTUM) entered into a business transaction to acquire Slag processing business of GRK Suomi.

Fortum Oyj (HLSE:FORTUM) signed an agreement to acquire 100% stake in Telge Energi AB from Telge (I Södertälje) Ab for SEK 450 million.

Fortum Oyj to Report Fiscal Year 2022 Results on Mar 02, 2023

Fortum Oyj to Report Nine Months, 2023 Results on Nov 02, 2023

Sistema Reportedly Drops Buying Uniper

Fortum in Final Stages of Negotiating Sale of Uniper Stake to Germany

Fortum Oyj Announces Resignation of Alexander Chuvaev as Head of its Russia Division

Fortum Still Determined to Exit Russia

NOVATEK May Consider Buying Russian Assets of Finnish Fortum

Gazprom Ready to Mull over Buying Fortum's Russian Assets

Fortum Reportedly Plans to Sell All Russian Assets

Infracapital Partners III (Euro) SCSp a fund managed by Infracapital agreed to acquire the remaining 30% stake in Fortum Recharge AS from Fortum Oyj (HLSE:FORTUM) for €80 million.

Hafslund Eco AS, Infranode Ab and HitecVision AS (OTCNO:HITV) completed the acquisition of 50% stake in Fortum Oslo Varme AS from Fortum Oyj (HLSE:FORTUM).

Hafslund Eco AS, Infranode Ab and HitecVision AS (OTCNO:HITV) completed the acquisition of 50% stake in Fortum Oslo Varme AS from Fortum Oyj (HLSE:FORTUM).

Fortum to Record Pre-Tax Impairments of Approximately Eur 2.1 Billion Related to Its Russian Operations

Fortum Oyj Announces Board Committees 2022

APG Asset Management NV, PGGM, Alecta Pensionsförsäkring, ömsesidigt, Keva and AXA IM Alts completed the acquisition of Stockholm Exergi Holding AB (publ) Fortum Oyj (HLSE:FORTUM).

Actis LLP agreed to acquire 250-MW Pavagada II and the 250-MW Rajasthan Solar Power Plants Located in India from Fortum Oyj (HLSE:FORTUM).

Fortum Oyj Approves Dividend for the Financial Year Ended on 31 December 2020, Payable on 7 May 2021

Fortum Oyj Proposes Dividend for the Year 2020

NCC and Fortum Enters A Framework Agreement Covering Maintenance Works on All of Fortum's Plants in Sweden

Brookfield, Two Others Reportedly Bid for Fortum's Assets

Fortum Oyj Announces Board Appointments

NextOil Oy acquired clear waste oil recycling and product sales operations from Fortum Oyj (HLSE:FORTUM).

Fortum Corporation Appoints Bernhard Günther as Member of the Executive Management Team, Effective 1 February 2021

Fortum Corporation Appoints Bernhard Günther as Chief Financial Officer, Effective February 1, 2021

Actis and Brookfield Asset Management Reportedly Among Front Runners for Fortum Oyj's 500 MW Indian Solar Projects

Fortum Oyj to Report Q3, 2021 Results on Nov 12, 2021

Fortum Oyj to Report Fiscal Year 2020 Results on Mar 12, 2021

Infracapital Partners III (Euro) SCSp managed by Infracapital completed the acquisition of 63% stake in Fortum Recharge AS from Fortum Oyj (HLSE:FORTUM) for €87 million.

Vantaan Energia Oy, Infranode and Keva completed the acquisition of District heating business of Fortum Oyj in south Finland from Fortum Oyj.

Fortum Oyj (HLSE:FORTUM) completed the acquisition of an additional unknown minority stake in Uniper SE (XTRA:UN01) from Elliott Management Corporation and its affiliates and Knight Vinke Energy Advisors Limited and its affiliates.

Lowell Group Limited agreed to acquire Solvencia AS from Fortum Oyj (HLSE:FORTUM).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age