Board of Directors The Board of Directors is responsible for the company’s strategic development and for supervising and steering the company’s business and management. Further, under the Articles of Association and in line with the Companies Act, the Board of Directors represents the company and is responsible for the proper arrangement of the control of the company’s accounts and finances. The Board of Directors is also responsible for defining the company’s mission and values. In 2020, the Board of Directors met 19 times, and the attendance rate was 99%. Veli-Matti Reinikkala Chair Born 1957, nationality: Finnish Executive Master of Business Administration Independent member of Fortum's Board of Directors since 2016 Chair of the Nomination and Remuneration Committee Fortum shareholding on 31 Dec 2020: 5,000 Additional information Anja McAlister Deputy Chair Born 1960, nationality: Finnish M.Sc., Energy technology, MBA Independent member of Fortum's Board of Directors since 2017 Member of the Nomination and Remuneration Committee Fortum shareholding 31 Dec 2020: 0 Additional information Luisa Delgado Born 1966, nationality: Portuguese and Swiss M.Sc., Law, King’s College, University of London, UK, B.Sc., Law, University of Geneva, Switzerland Independent member of Fortum's Board of Directors since 28 April 2021 Member of the Nomination and Remuneration Committee Fortum shareholding: 0 Additional information Essimari Kairisto Born 1966, Finnish and German citizen Diploma in Business Administration (Germany) Independent member of Fortum's Board of Directors since 2018 Chair of the Audit and Risk Committee Fortum shareholding 31 Dec 2020: 0 Additional information Teppo Paavola Born 1967, Finnish citizen M.Sc.(Econ.), HSE; MBA, INSEAD Independent member of Fortum's Board of Directors since 2020 Member of the Audit and risk Committee Fortum shareholding 31 Dec 2020: 0 Additional information Philipp Rösler Born 1973, nationality: German Ph.D., M.Med. Independent member of Fortum's Board of Directors since 2019 Member of the Audit and Risk Committee Fortum shareholding on 31 Dec 2020: 0 Additional information Annette Stube Born 1967, Danish citizen Master’s degree in psychology, specialized in organizational development; Copenhagen Business School, Executive Board Education Independent member of Fortum's Board of Directors since 2020 Member of the Audit and risk Committee Fortum shareholding 31 Dec 2020: 0 Additional information Changes in managers' shareholdings and transaction history are available here. Fortum also publishes all its managers' transactions by a Stock Exchange Release. The Board of Directors comprises five to ten members elected at the Annual General Meeting for a one-year term of office expiring at the end of the first Annual General Meeting following the election. The Annual General Meeting also elects the Chair and the Deputy Chair of the Board of Directors. Assessment As part of its duties, the Board of Directors conducts an annual self-assessment to develop its work further. In accordance with the Finnish Corporate Governance Code, the Board of Directors also annually evaluates which of the directors are independent of the company and which are independent of its significant shareholders. Board of Directors in 2021 The Annual General Meeting on 28 April 2021 re-elected Essimari Kairisto, Anja McAlister (Deputy Chair), Teppo Paavola, Veli-Matti Reinikkala (Chair), Philipp Rösler, and Annette Stube as members of the Board. In addition, Luisa Delgado was elected as a new member of the Board of Directors. The Chair, the Deputy Chair and the members of the Board of Directors are independent of the company and of the company's significant shareholders. 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