Mikael Ronnblad - Fortum Oyj President

FORTUM Stock  EUR 14.23  0.27  1.86%   

President

Mr. Mikael Ronnblad was appointed Executive Vice President, Consumer Solutions and Member of the Executive Management at Fortum Oyj, effective as of May 15, 2017. He holds MS in Economics. He previously worked at Elisa Corporation as SVP GM, New Digital Services Businesses and Consumer Customers Executive Board Member 20092017 Elisa Corporation as VP, Corporationrationrate Strategy and Acquisitions 20042009 ABN AMRO Global Equities, London as Director and Global Head of Nordic Sector 20002004 Pannon, Budapest as General Manager and Head of Department 19992000 Sonera Corporation as Manager, Corporationrationrate Venturing and International Mobile Operations 1997 2000 Hanken Swedish School of Economics as Project Director and Assistant Professor 19951997 Vectia Ltd as Junior Strategy Consultant 19941995 and Nokia Corporation as Inhouse Consultant, Major Accounts Sales 19911993. He is Chairman of the Board of Nikus Oy Ab. since 2017.
Age 50
Tenure 7 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.
Fortum Oyj 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
KlausDieter Maubach, Independent Deputy Chairman of the Board
Tiina Tuomela, Executive Vice President Generation; Member of the Executive Management Team
Kim Ignatius, Independent Director
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 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

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Fortum Oyj a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Fortum Stock

Fortum Oyj financial ratios help investors to determine whether Fortum Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fortum with respect to the benefits of owning Fortum Oyj security.