Fortum CFO steps down, to be replaced by Uniper executive

Fortum headquarters in Espoo, Finland

OSLO (Reuters) -Finnish energy group Fortum said on Friday its Chief Financial Officer Bernhard Gunther will step down in the first quarter of 2023 and will be replaced by CFO Tiina Tuomela of Germany’s Uniper.

Fortum, which earlier this year agreed to sell loss-making Uniper to the German government and is also in the process of exiting Russia, said it now plans to announce a new strategy on March 2.

“Fortum is repositioning its geographic scope and strategic focus,” the company said in a statement.

Prior to joining Uniper, Tuomela was part of Fortum’s executive management team from 2014 to 2021. She is also chair of the board at Finnish nuclear power company TVO and a board member at technology company Wartsila.

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(Reporting by Terje Solsvik, editing by Gwladys Fouche)