The Annual General Meeting of Fortum Corporation's shareholders, held on 28
March 2007, appointed a Shareholders' Nomination Committee consisting of
representatives of the three largest shareholders to prepare proposals for the
next Annual General Meeting (AGM) concerning Board members and their fees. In
its meeting on 15 January 2008, the Shareholders' Nomination Committee decided
to propose to the AGM, which is to be held 1 April 2008, that the following
persons are elected to the Board of Directors:
Peter Fagernäs as chairman
Matti Lehti as deputy chairman
Esko Aho as member
Ilona Ervasti-Vaintola as member (new member)
Birgitta Johansson-Hedberg as member
Marianne Lie as member
Christian Ramm-Schmidt as member
The Shareholders' Nomination Committee proposes to Fortum Corporation's AGM that
the following fees are paid to the members of Board:
Chairman, EUR 66,000/year
Deputy chairman, EUR 49,200/year
Member, EUR 35,400/year
Meeting fee, EUR 600/meeting. The meeting fee is also paid for committee
meetings and is paid in double to a member who lives outside Finland in Europe.
Furthermore, travel expenses shall be compensated for in accordance with the
Company's travel policy.
Fortum Corporation
Maria Romantschuk
Senior Vice President, Corporate Communications
Further information:
Pekka Timonen, Chairman of the Shareholders' Nomination
Committee, tel. +358 (0)9 1602 3000
Distribution:
Helsinki Stock Exchange
Key media
www.fortum.com
APPENDIX: CV
Ilona Ervasti-Vaintola,
born 1951, LL.M., Trained on the bench
Main occupation:
Sampo plc, Group Chief Counsel, Principal Attorney, Secretary of the Board of
Directors of Sampo plc. Member of the Group Executive Committee.
Primary work experience:
Mandatum Bank plc, Chief Counsel and member of the Board
Mandatum & Co Ltd, Director, Partner
Union Bank of Finland Ltd, Head of Financial Law Department, Legal counsel
Simultaneous positions of trust:
Fiskars Corporation, member of the Board
OMX Exchanges Ltd, member of the Board
Finnish Literature Society, member of the Board
Central Chamber of Commerce of Finland, Legal Committee, Chairman
The Panel on Takeovers and Mergers at the Central Chamber of Commerce of
Finland, Member