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Wartsila Oyj Abp (WRT1V.HE)

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Summary

Name Age Since Current Position

Mikael Lilius

67 2011 Independent Chairman of the Board

Jaakko Eskola

58 2015 President, Chief Executive Officer, Member of the Board of Management

Pierpaolo Barbone

59 2015 Deputy Chief Executive Officer, President of Services, Executive Vice President, Member of the Board of Management

Sune Carlsson

75 2015 Deputy Chairman of the Board

Marco Wiren

50 2013 Chief Financial Officer, Executive Vice President, Member of the Board of Management

Kari Hietanen

53 2012 Executive Vice President, Corporate Relations and Legal Affairs, Company Secretary, Member of the Board of Management

Paivi Castren

58 2012 Executive Vice President of Human Resources and Member of the Board of Management

Javier Cavada Camino

41 2015 President of Energy Solutions, Executive Vice President, Member of the Board of Management

Roger Holm

44 2015 Executive Vice President, President of Marine Solutions, Member of the Board of Management

Atte Palomaki

51 2008 Executive Vice President, Communications & Branding; Member of the Board of Management

Jukka Kumpulainen

48 Vice President, Chief Information Officer

Sari Kolu

49 Director, Compliance

Juha Hiekkanen

38 Vice President, Financial Controlling

Anu Hamalainen

51 2015 Vice President, Group Treasury and Financial Services & Support

Johan Jagerroos

51 Vice President, Corporate Internal Audit

Antti Kuokkanen

39 Vice President, Mergers & Acquisitions, Business Control & Analysis

Vesa Riihimaki

50 2014 Vice President, Wartsila Quality

Natalia Valtasaari

32 Director, Investor & Media Relations

Riitta Hovi

56 Deputy General Counsel, Corporate Legal Affairs

Marko Vainikka

46 Director, Corporate Relations and Sustainability

Tom Johnstone

61 2015 Director

Maarit Aarni-Sirvio

63 2007 Independent Director

Kaj-Gustaf Bergh

61 2015 Independent Director

Risto Murto

53 2014 Independent Director

Gunilla Nordstrom

57 2012 Independent Director

Markus Rauramo

48 2011 Independent Director

Biographies

Name Description

Mikael Lilius

Mr. Mikael Lilius has served as Independent Chairman of the Board of Directors at Wartsila Oyj Abp since March 3, 2011. Previously, he was Independent Member of the Company's Board of Directors from 2010. He is also Chairman of the Company's Remuneration Committee and Nomination Committee. His primary work experience includes: Huhtamaki Oy as President of the Packing Division from 1986 to 1989, KF Industri AB (Nordico) as President and Chief Executive Officer (CEO) from 1989 to 1991, Incentive AB as President and CEO from 1991 until 1998, Gambro AB as President and CEO from 1998 to 2000, and Fortum Oyj as President and CEO from 2000 until 2009. His other positions of trust include Ahlstrom Capital Oy, Metso Corporation and Mehilainen Oy as Chairman of the Boards of Directors; Evli Bank Ltd. as Member of the Boards of Directors, as well as Ab Kelonia Oy as Member of the Supervisory Board. He is also Deputy Member of the Board at East Office of Finnish Industries. Mr. Lilius holds a Bachelor of Science degree in Economics from HANKEN - Svenska handelshogskolan.

Jaakko Eskola

Mr. Jaakko Eskola has been appointed President, Chief Executive Officer and Member of the Board of Management of Wartsila Oyj Abp, effective as of November 1, 2015. He no longer serves as Senior Executive Vice President and Deputy Chief Executive Officer (CEO), President of Marine Solutions and Member of the Board of Management at the Company, effective as of November 1, 2015. He has been President of Marine Solutions since April 1, 2006, when he joined the Company’s Board of Management as Group Executive Vice President. Additionally, on July 18, 2013, he was appointed Senior EVP and Deputy CEO. He joined the Company in 1998. He previously worked as Researcher at VTT Technical Research Center of Finland between 1983 and 1984. From 1984 to 1986, he was Corporate Analyst at the Industrialization Fund of Finland, and between 1986 and 1997, he held various managerial positions in international Project Finance of the National Banking Group. He served as Executive Director at PCA Corporate Finance from 1997 to 1998. Between 1998 and 2005, he was President of Wartsila Development and Financial Services Oy, and from 2005 to 2006, he held the position of Vice President, Power Plants Sales and Marketing at Wartsila. He was also President of the European Marine Equipment Council (EMEC) (2008-2011). He serves as Member of the Board of ALMACO Group and The Federation of Finnish Technology Industries. Mr. Eskola holds a Master of Science degree in Engineering.

Pierpaolo Barbone

Mr. Pierpaolo Barbone has been President of Services, Executive Vice President and Member of the Board of Management of Wartsila Oyj Abp since October 1, 2013. He has also been appointed Deputy Chief Executive Officer of the Company, effective as of November 1, 2015. He joined the Company in 1996. He previously served as Sales Manager at Fincantieri C.N.I S.p.A., Isotta Fraschini diesel engines business unit (1989-1996); Vice President Services a Wartsila Italia S.p.A (1997-2003); Vice president Field Service at Wartsila Corporation (1997-2009); President of Ciserv Group (2001-2006); Executive Vice President of Wartsila Italia S.p.A. (2000-2003); Vice President Services, Middle East & Asia (2010-2013) and Vice President Services, South Europe & Africa at Wartsila Corporation(January - September 2013). Mr. Barbone holds a Master of Science degree in Engineering.

Sune Carlsson

Mr. Sune Carlsson has served as Deputy Chairman of the Board of Wartsila Oyj Abp since March 5, 2015. He has been Member of the Board of Directors of Wartsila Oyj Abp since March 7, 2013. He is Member of the Company's Nomination Committee. He also serves as Member of the Board of Patricia Industries AB. He previously served at ASEA AB as Executive Vice President (1977-1988), ABB Ltd as Executive Vice President (1988-1998), and AB SKF as President and Chief Executive Officer (1998-2003). He previously was Chairman of the Board of Atlas Copco AB (2003-2014) and Member of the Board of Investor AB (2002-2015), Autoliv Inc (2003-2011), Scania AB (2004-2007) and Stena AB (2009-2011). He holds a Master of Science degree in Engineering from Chalmers Tekniska Hogskola.

Marco Wiren

Mr. Marco Wiren has been Member of the Board of Management, Chief Financial Officer (CFO) and Executive Vice President at Wartsila Oyj Abp since August 1, 2013. He has experience in financial management and international business management. He previously worked as Executive Vice President and CFO in SSAB from 2008 to 2013. Prior to joining SSAB as Vice President Business control in 2007, he held several managerial positions, including CFO and Vice President (VP) Business Development in Eltel Networks from 2002 to 2007, and VP Business Development and Group Controller in NCC between 1995 and 2001. He is Member of the Board of Neste Oil Corporation. He holds a Master of Science degree in Economics.

Kari Hietanen

Mr. Kari Hietanen has been Member of the Board of Management and Company Secretary at Wartsila Oyj Abp since 2002 and he has also been Executive Vice President, Corporate Relations and Legal Affairs in the Company since January 1, 2012. He previously served as Executive Vice President of Legal Affairs and Human Resources of the Company, a position he has held from 2002 until 2011. He joined the Company in 1989. He previously worked as Legal Counsel at Metra Corporation and Wartsila Diesel Group from 1989 to 1994, as General Counsel at Wartsila Diesel Group from 1994 until 1999, and as Group General Counsel at Wartsila Power Divisions from 2000 to 2002. He is Chairman of the Board of Directors at German-Finnish Chamber of Commerce and Deputy Chairman of the Finnish-Korean Trade Association, as well as Second Deputy Chairman of Finnish-Russian Intergovernmental Economic Commission and Member of the Board of East Office of Finnish Industries Ltd. He is also Chairman of the Trade Policy Committee of the Confederation of Finnish Industries (EK). He is also President of European Engine Power Plants Association, EUGINE. Mr. Hietanen holds a Master of Legal Letters degree.

Paivi Castren

Ms. Paivi Castren has been Executive Vice President of Human Resources and Member of the Board of Management at Wartsila Oyj Abp since January 1, 2012. She previously served as Vice President of Human Resources at the Company from 2005 to 2011. Before joining the Company in 2005, she served at Valmet Paper Machinery as Human Resources (HR) Manager (1988-1995), at Nokia Networks as HR manager (1995-1998), at Nokia Networks’ Networks Systems division as HR Director (1999-2000), at Nokia Networks as HR Director (2000-2002), and at Nokia Corporation as Director, Human Resources of Nokia Finland (2002-2005). She serves as Chairman of the Committee of Education, Work and Employment of Confederation of Finnish Industries, EK; Chairman of the Committee of Education and Employment of The Federation of Technology Industries; and Chairman of the Board of Wilhelm Wahlforss Foundation. She holds a Master of Science degree in Social Sciences.

Javier Cavada Camino

Mr. Javier Cavada Camino has been President of Energy Solutions, Executive Vice President and Member of the Board of Management at Wartsila Oyj Abp since November 4, 2015. Mr. Cavada joined Wartsila in 2002 and has since held several key management positions in production, research and development, quality, operational development and business operations. He previously served at the Company as Vice President, Services South Europe and Africa, 2013-2015; Vice President, Propulsion Services, 2015; at Wartsila Propulsion as Director, Quality & Operational Development, 2012-2013; Wartsila Propulsion Wuxi Co., Ltd. as Managing Director, 2011-2013; Cedervall Zhangjiagang Marine Components Co., Ltd. as Managing Director, 2011-2013; Wartsila CME Zhenjiang Propeller Co. Ltd. asTechnical Director, 2009-2011. He was also Professor at University of Cantabria, Spain, 2007-2009; worked at Wartsila Propulsion Spain, S.A. as Director, Delivery Centre, 2008-2009; Production Manager, 2002-2007; Robert Bosch Spain, S.A., Production Manager, Starter Motor, 1999-2002; Technical Manager, Production lines, 1997-2002. He holds a Doctorate in Philosophy degree in Engineering.

Roger Holm

Mr. Roger Holm has been appointed Executive Vice President, President of Marine Solutions and Member of the Board of Management at Wartsila Oyj Abp effective as of November 1, 2015. Mr. Holm joined Wartsila in 1997. He previously served at Wartsila Corporation as Senior Vice President, Engines, 2013-2015; Vice President Seals & Bearings 2011-2013; Vice President Solutions Management, Services, 2010-2011; Vice President Business Development, Services, 2008-2010; Chief Information Officer, 2006-2008; Program Director, Global ERP Program, 2002-2006; Corporate Controller, 2001-2002; Wartsila Finland Oy & Wartsila NSD Finland Oy in various managerial positions, 1997-2001. He is Member of the Board of The Association of Finnish Marine Industries. He holds Master of Science degree in Economics.

Atte Palomaki

Mr. Atte Palomaki has been Member of the Board of Management and Executive Vice President, Communications & Branding at Wartsila Oyj Abp since March 1, 2008. He joined the Company in 2008. He previously served at MTV3 as News anchor from 1993 to 1995, as News Producer between 1995 and 2000, as Senior Economic Correspondent from 2000 till 2002; at Kauppalehti as Senior Business Correspondent from 2002 to 2005; at Nordea Bank AB (publ.) as Chief Communication Officer for Finland from 2005 until 2006, and as Group Chief Press Officer from 2007 to 2008. He also serves as Member of the Board of Directors at Talentum Oyj, Taloudellien Tiedotustoimisto TAT (Economic Information Office) and European Association of Communication Directors (EACD), and Member of the Advisory Board of Finland Promotion Board. Mr. Palomaki holds a Master of Science degree in Politics.

Jukka Kumpulainen

Mr. Jukka Kumpulainen serves as Vice President and Chief Information Officer at Wartsila Oyj Abp. He holds a Master of Science degree in Engineering.

Sari Kolu

Ms. Sari Kolu serves as Director, Compliance at Wartsila Oyj Abp. She holds Master of Laws and Executive Master of Business Administration degrees.

Juha Hiekkanen

Mr. Juha Hiekkanen serves as Vice President, Financial Controlling at Wartsila Oyj Abp. He holds Master of Science degree in Economics.

Anu Hamalainen

Ms. Anu Hamalainen has served as Vice President, Group Treasury and Financial Services & Support at Wartsila Oyj Abp since 2015. Before that, she has been Vice President of Group Control at Wartsila Oyj Abp since September 1, 2010. She also worked in the 1990's in Wartsila's Accounting and Finance departments for eight years. She holds a Master of Science degree in Economics.

Johan Jagerroos

Mr. Johan Jagerroos serves as Vice President, Corporate Internal Audit at Wartsila Oyj Abp. He holds a Master of Science degree in Economics.

Antti Kuokkanen

Mr. Antti Kuokkanen serves as Vice President, Mergers & Acquisitions, Business Control & Analysis at Wartsila Oyj Abp. He holds Master of Science degree in Economics and Master of Science degree in Engineering.

Vesa Riihimaki

Mr. Vesa Riihimaki has served as Vice President, Wartsila Quality at Wartsila Oyj Abp since August 31, 2014. He was President, Power Plants and Executive Vice President and Member of the Board of Management of the Company from August 1, 2009 until August 31, 2014. He joined the Company in 1992. His primary work experience included positions at Wartsila Diesel Oy as Design Engineer for Projects from 1992 until 1993, and as Chief Design Engineer for Projects from 1993 till 1997, at Wartsila NSD Finland Oy as Design Manager of Electrical Systems between 1997 and 2000; at Wartsila Finland Oy as Design Manager for Power Generation Systems from 2000 until 2002; as General Manager for Electrical and Automation Systems from 2002 to 2003, and most recently as Vice President of Power Plant Technology from 2004 to 2009. Mr. Riihimaki holds a Master of Science degree in Engineering.

Natalia Valtasaari

Ms. Natalia Valtasaari serves as Director, Investor & Media Relations at Wartsila Oyj Abp. She holds Master of Science degree in Economics.

Riitta Hovi

Ms. Riitta Hovi serves as Deputy General Counsel, Corporate Legal Affairs of Wartsila Oyj Abp. She holds a Master of Legal Letters degree and a Master of Business Administration degree.

Marko Vainikka

Mr. Marko Vainikka serves as Director, Corporate Relations and Sustainability at Wartsila Oyj Abp. He holds Master of Science degree in Engineering.

Tom Johnstone

Mr. Tom Johnstone has been Director of Wartsila Oyj Abp since March 5, 2015. He is Member of the Remuneration and Nomination Committee at the Company. He holds Master of Arts degree (University of Glasgow), Honorary Doctorate in Business Administration (University of South Carolina, USA), and Honorary Doctorate in Science (Cranfield University, UK). He held several management posts within the SKF Group, the latest as President and Chief Executive Officer of AB SKF 2003-2014. He also serves on the Boards of Investor AB and Volvo Cars as Member of the Boards; and is Chairman of the Boards of British Swedish Chamber of Commerce and Husqvarna AB.

Maarit Aarni-Sirvio

Ms. Maarit Aarni-Sirvio has served as Independent Member of the Board of Directors at Wartsila Oyj Abp since 2007. She is also Member of the Company's Audit Committee and Remuneration Committee. She is Secretary General of Directors’ Institute of Finland – Hallitusammattilaiset ry; Managing Director of Boardview Oy and Senior Adviser at Eera Oy. She was previously President and Chief Executive Officer of Mint of Finland Ltd. between 2008 and 2010. She held various roles within Borealis Group from 1994 to 2008, most recently as Vice President of BU Phenol (2001-2008) and Vice President BU Olefins (1997-2001), and worked at Neste Oyj from 1977 to 1994. She is Non-Executive Director of Berendsen plc and also serves as Member of the Board of Directors’ Institute of Finland – Hallitusammattilaiset ry and ecoDa (the European Confederation of Directors Associations). She previously was Member of the Board of Rautaruukki Oyj (2005-2012), Ponsse Oyj (2007-2010) and Vattenfall AB, Sweden (2004-2007). Ms. Aarni-Sirvio holds a Master of Science degree in Technology and a Master of Business Administration (eMBA) degree.

Kaj-Gustaf Bergh

Mr. Kaj-Gustaf Bergh has served as Independent Member of the Board of Directors at Wartsila Oyj Abp since March 5, 2015. Before that, he has been Independent Deputy Chairman of the Board since March 7, 2013. He has been Independent Member of the Board of the Company since March 19, 2008. He is also Member of the Company's Nomination Committee. He has been Managing Director of Foreningen Konstsamfundet r.f. since May 2006. He is also Member of the Boards of Directors of Ramirent Group and JM AB. He acts as Chairman of the Boards of Directors at Sponda Oyj, Stockmann Oyj Abp, Julius Tallberg Oy Ab, Ab Forum Capita Oy and KSF Media Holding Ab. He previously worked for Ky von Konow & Co as Administrative Manager from 1982 to 1983, as well as for Ane Gyllenberg Ab as Administrative Manager from 1984 to 1985, Oy Bensow Ab as Director and Executive Vice President from 1985 to 1986, Ane Gyllenberg Ab as Chief Executive Officer from 1986 to 1998, SEB Asset Management as Director from 1998 to 2000 and Skandinaviska Enskilda Banken as Member of the Management from 2000 to September 2001. He was also Chairman of the Boards of Fiskars Corporation (2006-2014), Alandsbanken Abp (2011-2013), Aktia Abp (2005-2009) and Ellos Tili Oy (1999-2006) and Member of the Board of Sponda Oyj (2004-2006), Fiskars Corporation (2014-2015) and Stockmann Oyj Abp (2007-2013). Mr. Bergh holds a Bachelor of Science degree and a Master of Legal Letters degree.

Risto Murto

Mr. Risto Murto has served as Independent Member of the Board of Directors of Wartsila Oyj Abp since March 6, 2014. He is Member of the Company's Audit and Nomination Committees. He is President & Chief Executive Officer of Varma Mutual Pension Insurance Company. He has experience from Investments, Varma as Executive Vice President (2010-2013); Investments, Varma as Senior Vice President, Chief Investment Officer (2006-2010); Opstock Ltd as Managing Director (2000-2005); Opstock Ltd as Director (1997-2000). He serves at University of Oulu as Chairman of the Board; The Finnish Pension Alliance TELA as First Deputy Chairman of the Board; and Federation of Finnish Financial Services and Sampo plc as Member of the Boards. He holds a Doctorate in Philosophy degree in Economics.

Gunilla Nordstrom

Ms. Gunilla Nordstrom has served as Independent Member of the Board of Directors at Wartsila Oyj Abp since March 8, 2012. She has served as President and CEO of Electrolux Appliances Asia/Pacific, based in Singapore, and Executive Vice President of Electrolux AB from 2007 until 2015. Previously she held senior management positions with Telefonaktiebolaget LM Ericsson and Sony Ericsson in Europe, Latin America and Asia, between 1983 and 2007. She is Member of the Board of Directors at Atlas Copco AB and Member of Committee of Swedish Business Association of Singapore. Previously, she was Member of the Boards of Lulea University in Sweden (2007-2010) and Videocon Industries Limited, India (2009-2010). She holds Master of Science degree in Electronics, Industrial Marketing Management.

Markus Rauramo

Mr. Markus Rauramo has served as Independent Member of the Board of Directors of Wartsila Oyj Abp since 2011. He is also Chairman of the Company’s Audit Committee. He is Executive Vice President, Heat, Electricity Sales and Solutions Division and Member of the Fortum Executive Management Team, and was Chief Financial Officer and Member of the Management Team of Fortum from 2012 until 2014. He previously held several financial tasks at Enso Oyj Helsinki (1993-1999) and was Vice President, Head of Funding at Stora Enso Financial Services, Brussels (1999-2001), Vice President, Strategy and Investments at Stora Enso Oyj, Helsinki (2001-2004), and Senior Vice President Group Treasurer at Stora Enso International London (2004-2008), as well as Chief Financial Officer and Member of the GET at Stora Enso Oyj Helsinki (2008-2012). He serves as Member of the Boards of Ahlstrom Oyj and Teollisuuden Voima Oyj. He holds Master of Science degree (Economics and Political History).