Board of Management

President & CEO of Wärtsilä Corporation since 1 September 2011. Born 1959, M.Sc. (Tech.). Joined the company in 2011.

Primary working experience

Various positions within ESAB Group 1985-1995; GM of Nordhydraulic, Nordwin AB, Sweden 1995-1998; President of the Atlas Copco Craelius division 1998-2001; President of Atlas Copco Rock Drilling Equipment division 2001-2002; Senior Executive Vice President Atlas Copco AB and Business Area President for Construction and Mining Technique 2002-2011.
 
Positions of trust

Danfoss A/S, Denmark; HTC AB, Sweden; Höganäs AB, Sweden; Member of the boards.

Ownership of Wärtsilä shares

Link to Wärtsilä’s Insider register, where you will find up-to-date information on ownership.

Remuneration

The base salary of the President and CEO is EUR 600.000 p.a. (as of 1 September 2011). He is entitled to participate in short- and long-term incentives scheme, the terms of which are determined by the Board of Directors. The President and CEO is eligible to take retirement on reaching the age of sixty. His pension scheme is determined according to a defined contribution based system. The retirement pension is a relative part of his annual salary. Remuneration paid to the President and CEO if dismissed by the company, corresponds to 18 months' salary plus six months' period of notice salary.

Executive Vice President and Deputy to the President since 2005. Group Vice President, CFO since 1998. Born 1953, M.Sc. (Econ.). Employed by the company 1976-89 and rejoined in 1998.

Primary working experience

Wärtsilä Group, positions within control and finance and in development and internationalisation 1976-1980; Wärtsilä Diesel Group, Vice President & Controller 1980-1984; Wärtsilä Singapore, Managing Director & Area Director 1984-1988; Wärtsilä Service Division, Deputy Vice President 1988-1989; Scantrailer Ajoneuvoteollisuus Oy, President 1990-1992; Tamrock Oy, CFO 1992-1993; Tamrock Service Business, Vice President 1994-1996; Tamrock Coal Business, Vice President 1996-1997. 

Positions of trust

Sato Oyj and Elisa Oyj, Deputy Chairman of the boards; Wilhelm Wahlforss foundation and The Federation of Finnish Technology Industries, Member of the Boards.

Relevant prior positions of trust

Member of the board: Polar Kiinteistöt.
 

Ownership of Wärtsilä shares

Link to Wärtsilä’s Insider register, where you will find up-to-date information on ownership.
 

Group Vice President, Human Resources as of 1 January 2012. Born 1958, M.Sc. (Soc. Sc.). Joined the company in 2005.

Primary working experience

Valmet Paper Machinery, HR manager 1988-1995; Nokia Networks, HR manager 1995-1998; Nokia Networks, Networks Systems division, HR Director 1999-2000: Nokia Networks, HR Director 2000-2002; Nokia Corporation, Director, Human Resources, Nokia Finland 2002-2005; Wärtsilä Corporation, Vice President, Human Resources 2005-2011.

Positions of trust

Confederation of Finnish Industries, EK, Chairman of the Committee of Education, Work and Employment; Confederation of Technology Industries, Chairman of the Committee of Education and Employment; Wilhelm Wahlforss Foundation, Chairman of the Board; AinoActive Oy, Member of the Board.


Ownership of Wärtsilä shares

Link to Wärtsilä’s Insider register, where you will find up-to-date information on ownership.
 

Group Vice President, Ship Power since 2006. Born 1958, M.Sc. (Eng.). Joined the company in 1998.

Primary working experience

VTT Technical Research Centre of Finland, Researcher 1983-1984; Industrialization Fund of Finland, Corporate Analyst 1984-1986; National Banking Group, various managerial positions in international project finance 1986-1997; PCA Corporate Finance, Executive Director 1997-1998; Wärtsilä Development & Financial Services Oy, President 1998-2005; Wärtsilä Corporation, Vice President, Power Plants Sales & Marketing 2005-2006.

Relevant prior positions of trust

President of the European Marine Equipment Council (EMEC), 2008-2011.

Ownership of Wärtsilä shares

Link to Wärtsilä’s Insider register, where you will find up-to-date information on ownership.
 

Group Vice President, Industrial Operations since 2004. Born 1959, B.Sc. (Eng.). Joined the company in 2004.

Primary working experience

Volvo Cars AB, Research Engine Engineer and Project Manager in Vehicle development programmes; Volvo Car Operations BV, Vice President, Industrial Operations, Vice President of Global Business & Volume Optimization, General Manager 1979-2001; Saab Automotive AB, Executive Director for the Customer Satisfaction and Quality division and a Member of the Board of Management 2001-04.

Ownership of Wärtsilä shares

Link to Wärtsilä’s Insider register, where you will find up-to-date information on ownership.
 

Group Vice President, Legal Affairs and HR, Company Secretary since 2002. Group Vice President, Corporate Relations and Legal as of 1 January 2012. Born 1963, LL.M. Joined the company in 1989.

Primary working experience

Metra Corporation and Wärtsilä Diesel Group, Legal Counsel 1989-1994; Wärtsilä Diesel Group, General Counsel 1994-1999; Wärtsilä Power Divisions, Group General Counsel 2000-2001.

Positions of trust

German-Finnish Chamber of Commerce and Finnish-Korean Trade Association, Deputy Chairman of the Boards; East Office of Finnish Industries Ltd, Member of the Board; Confederation of Finnish Industries, Chairman of the Trade Policy Committee.


Ownership of Wärtsilä shares

Link to Wärtsilä’s Insider register, where you will find up-to-date information on ownership.
 

Group Vice President, Communications & Branding since 2008. Born 1965, M.Sc. (Pol.). Joined the company in 2008.

Primary working experience

MTV3, News anchor 1993-1995; News producer 1995-2000; Senior economic correspondent 2000-2002; Kauppalehti, Senior business correspondent 2002-2005; Nordea Bank AB (publ.), Chief communication officer, Finland 2005-2006; Group chief press officer 2007-2008.

Positions of trust

Talentum Oyj, Member of the Board; Finnfacts, Member of the Advisory Board.
 

Ownership of Wärtsilä shares

Link to Wärtsilä’s Insider register, where you will find up-to-date information on ownership.

Group Vice President, Wärtsilä Power Plants since 2009. Born 1966, M.Sc. (Eng.). Joined the company in 1992.

Primary working experience

Wärtsilä Diesel Oy, Design Engineer, Projects 1992-1993; and Chief Design Engineer, Projects 1993-1997; Wärtsilä NSD Finland Oy, Design Manager, Electrical Systems 1997-2000; Wärtsilä Finland Oy, Design Manager Power Generation Systems 2000-2002, General Manager, Electrical & Automation Systems 2002-2003 and Vice President, Power Plant Technology 2004-2009.


Ownership of Wärtsilä shares

Link to Wärtsilä’s Insider register, where you will find up-to-date information on ownership.

Group Vice President, Wärtsilä Services since 2009. Born 1969, M.Sc. (Econ.). Joined the company in 1995.

Primary working experience

Metra Finance, Foreign Exchange Dealer 1995-1997; Wärtsilä NSD Corporation, Power Plants, Business Controller 1997-1999; Wärtsilä Corporation, Ship Power, Vice President, Finance & Control 1999-2002; Wärtsilä Propulsion, President 2002-2006; Group Vice President, Wärtsilä Power Plants 2006-2009.

Positions of trust

NCC Ab, Member of the Board.

Relevant prior positions of trust

Board chairmanship: WADE (World Alliance for Decentralized Energy) 2008-2009.
Board membership: Tamfelt Oyj Abp 2009.


Ownership of Wärtsilä shares

Link to Wärtsilä’s Insider register, where you will find up-to-date information on ownership.