SirpaHelena Sormunen - Fortum Oyj Executive

FORTUM Stock  EUR 12.88  0.50  4.04%   

Executive

Ms. SirpaHelena Sormunen was General Counsel and Member of the Executive Management at Fortum Oyj since September 1, 2014. From 2012 to 2014 she worked as General Counsel for Patria Oyj, a provider of defense, security and aviation lifecycle support services and technology solutions. Prior to that, she has held several managerial and legal positions at Nokia and NSN with the responsibility of global legal teams . She was also Vice President, Head of Legal, Mergers and Acquisitions and Finance and as Senior Legal Counsel, Head of Legal, Merger and Acquisitions at Sonera Oyj . She holds a LLM degree and was trained on the bench. She serves as Member of the Board at Nammo AS, Association of Finnish Fine Arts Foundations and OPRFinance Oy and is Chairman of the Board at Fortum Art Foundation. since 2014.
Age 60
Tenure 10 years
Phone358 10 4511
Webhttps://www.fortum.com

Fortum Oyj Management Efficiency

The company has return on total asset (ROA) of 0.018 % which means that it generated a profit of $0.018 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.2099) %, meaning that it generated substantial loss on money invested by shareholders. Fortum Oyj's management efficiency ratios could be used to measure how well Fortum Oyj manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 7.76 B in total debt with debt to equity ratio (D/E) of 0.72, which is about average as compared to similar companies. Fortum Oyj has a current ratio of 1.01, suggesting that it is not liquid enough and may have problems paying out its financial obligations in time and when they become due. Debt can assist Fortum Oyj until it has trouble settling it off, either with new capital or with free cash flow. So, Fortum Oyj's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortum Oyj sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortum to invest in growth at high rates of return. When we think about Fortum Oyj's use of debt, we should always consider it together with cash and equity.

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Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Germany, the United Kingdom, Russia, the Netherlands, the Baltic Rim area, and internationally. Fortum Oyj was founded in 1998 and is headquartered in Espoo, Finland. Fortum operates under UtilitiesRenewable classification in Finland and is traded on Helsinki Exchange. It employs 20184 people. Fortum Oyj (FORTUM) is traded on Helsinki Exchange in Finland and employs 7,830 people.

Management Performance

Fortum Oyj Leadership Team

Elected by the shareholders, the Fortum Oyj's board of directors comprises two types of representatives: Fortum Oyj inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortum. The board's role is to monitor Fortum Oyj's management team and ensure that shareholders' interests are well served. Fortum Oyj's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortum Oyj's outside directors are responsible for providing unbiased perspectives on the board's policies.
Anders Egelrud, Managing Vrme
Risto Penttinen, Senior Vice President Strategy, People and Performance; Member of the Executive Management Team
Bernhard Gunther, Chief Financial Officer, Member of the Executive Management
Per Langer, Executive Vice President City Solutions; Member of the Executive Management Team
Heli Kurki, Head Communications
VeliMatti Reinikkala, Independent Director
Erkki KariKoskinen, Head Markets
Philipp Rosler, Independent Director
HeinzWerner Binzel, Independent Director
KlausDieter Maubach, Independent Deputy Chairman of the Board
Tiina Tuomela, Executive Vice President Generation; Member of the Executive Management Team
Kim Ignatius, Independent Director
Kari Kautinen, Senior Vice President M&A and Solar & Wind Development; Member of the Executive Management Team
Anja McAlister, Independent Director
SirpaHelena Sormunen, General Counsel, Member of the Executive Management Team
Essimari Kairisto, Independent Director
Ensio Visnen, Head Unit
Matti Lievonen, Independent Chairman of the Board
Eveliina MSc, VP People
Mikael Ronnblad, Executive Vice President Consumer Solutions, Member of the Executive Management Team
Nora LLM, Gen Directors
Arto Raty, Senior Vice President Corporate Affairs and Communication; Member of the Executive Management Team
Arun Aggarwal, Senior Vice President Business Technology; Member of the Executive Management
Ingela Ulfves, Vice President Investor Relations and Financial Communications
Marco Ryan, Director
Ingela M, VP Communications
Markus Rauramo, President, Chief Executive Officer, Member of the Executive Management
Alexander Chuvaev, Executive Vice President Russia Division; General Director of PAO Fortum, Member of the Executive Management Team
Pekka Lundmark, President, Chief Executive Officer, Member of the Executive Management
Eva Hamilton, Independent Director
Per M, Ex Solutions

Fortum Stock Performance Indicators

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Please note, there is a significant difference between Fortum Oyj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortum Oyj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortum Oyj's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.