Petteri Kuusela

Successful senior finance professional

I am a senior finance and business control professional with experience from several superior positions. I am recognized as a delivery-oriented leader and performer with a deep knowledge of finance-business partnering and reviewing financial performance. My core competences are in management reporting, financial processes and related IT systems. Moreover, I have an expertise in external financial reporting, risk management, portfolio management, business modelling, investment evaluations and negotiations. I have played central role in several M&A cases and have extensive know-how in establishing companies and joint ventures in Finland and abroad. I have gained a lot of international experience through my studies abroad, work assignment in Poland and steering financial activities for and in Nordics, Baltics, India, Turkey and France.

Working experience

From Nov 2020 Business Area Controller, Hydro, Fortum Power and Heat

Heading finance in Hydro Business Area
Member of the Management Team
Responsible for securing cash flow from over 4 billion EUR asset base, controlling around 100 million EUR annual investments and supporting in Hydro related M&A cases
Strategic discussion partner for organizing future Hydro business for Fortum Uniper Group totaling to ~8,5 GW generation fleet
Board Member of several Fortum subsidiaries and JVs

Jan 2019 - Oct 2020 Business Area Controller, Hydro and Wind, Fortum Power and Heat

Heading finance simultaneously in two of the most strategically important Business Areas
Member of the Management Teams
Responsible for securing cash flow from over 4 billion EUR asset base, controlling over 100 million EUR annual investments and supporting in execution of new business models through M&A
Playing an important role in divesting 80% of Fortum's wind assets to Credit Suisse Energy Infrastructure Partners and setting up financial administration for the established JV
Strategic discussion partner for future growth in renewables
Chairman of the Board of Fortum Growth Oy and Board Member of several other Fortum subsidiaries

Jun 2016 - Dec 2018 Head of Finance for M&A, Solar and Wind, Fortum Corporation

Heading finance in the Unit responsible for future growth, targeting at gigawatt scale in renewable assets
Member of the Management Team
Developing new business concepts and negotiating with external stakeholders in new market areas
Strategic discussion partner for future growth
Responsible for evaluating accounting, financial and tax impacts of different business alternatives
Chairman of the Board of Fortum Growth Oy and Board Member of seven other Fortum subsidiaries and a joint venture

Jun 2014 - May 2016 Finance Manager, Investments and Solar, Fortum Growth

Heading finance in the unit responsible for over 2 billion EUR asset base and 100-200 million EUR annual investments
Participating in developing new business concepts and negotiating with external stakeholders in new market areas
Strategic discussion partner for future growth
Responsible for evaluating accounting, financial and tax impacts of different business alternatives
Board Member of a joint venture

Jan 2010 - May 2014 Head of Performance Management and Financial Control, Fortum Asiakaspalvelu

Leading a cross-cultural team of up to nine professionals (Controllers and Financial Managers) responsible for business performance, management and financial control in the entire division
Team responsibilities were including management reporting, external financial reporting, statutory reporting, taxation, target setting and related process and system development

Jun 2009 - Dec 2009 Head of Business Control Finland, Finance, Fortum Markets

Leading a team of up to three professionals (Controllers and Financial Manager) who were responsible for both Nordic and Finnish management reporting, external financial reporting and related process and system development

Mar 2007 – May 2009 Project Manager / Controller, Finance & Acquisitions, Fortum Heat Poland

Mar 2006 – Feb 2007 Business Controller, Finance, Heat BU, Fortum Power and Heat

Nov 2002 –Feb 2006 Controller, Corporate Business Control, Fortum Corporation

Sep 2000 – Oct 2002 Portfolio Analyst, Planning and Finance, Fortum Oil and Gas

Jun 2000 – Aug 2000 Chief Accountant, CFS Fortum Oil and Gas

Qualifications

Strategic thinking Developing new business models for generating future cash flows

People management Team leader with experience in recruitment, employee development and layoffs

Management reporting Planning, forecasting, closings and related processes as well as ad hoc -analyses. Sparring partner for management.

Investment evaluation Advanced in business modelling and investment calculations

M&A Due Diligence, locked box and closing accounts, setting up transitional financial services

Process development Initiating and successfully leading development projects and trainings

System knowledge MS-Office, VBA, Oracle Financials, Hyperion Financials Management, Hyperion Planning, IBM Cognos 10 BI, QlikView, QlikSense, ThinkCell, Basware P2P, MS Power BI

Education

1995 – 2000 Master of Science in Economics, Helsinki School of Economics

1998 Accounting and finance studies, Texas Tech University, Lubbock, USA

Trainings

Nov 2018: Preparing for the Next Decade - IMD

Jun - Sep 2018: Fortum Finance Training – August Associates Oy

Apr - Dec 2011: Individual business coaching - Insightum Oy

Feb – Nov 2005: Fortum Challenger 9 - Fortum internal management training

Languages

Finnish – native

English – business proficiency

Swedish – basic

German – basic

Polish – basic