MARKUS RAURAMO Fortum

Fortum

Markus Rauramo

CEO and President, Fortum

Markus Rauramo may have only taken over as chief executive in July, but his contribution to the company over the past eight years has helped Finnish energy giant Fortum transform itself further as a leader in renewable energy.

He has been the driving force behind Fortums’ acquisition of Uniper and was also a member of the Supervisory Board of Uniper over the past two years.

Rauramo successfully expanded the Finnish company’s City Solutions Division, which under his tenure expanded from a district heating to a recycling and waste business.

He joined Fortum as CFO in 2012 and was already interim CEO of the company in 2013. His experience in the energy sector ranges back to Stora Enso, one of the world’s largest forest industry companies, as vice president and head of funding back in 1991.

Since making the transition to Fortum, Rauramo has held a number of positions and has “played a key role in restructuring and transforming its businesses,” Fortum said in June.

Fortum has been vocal in its ambition to decarbonise society, evidenced by the company’s investments in renewable energy and its decision to phase out coal in Finland and Sweden faster than expected. The company is also lobbying for a strong climate response at an EU level.