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Wartsila Oyj Abp (WRT1V.HE)

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Summary

Name Age Since Current Position

Mikael Lilius

69 2011 Independent Chairman of the Board of Directors

Jaakko Eskola

60 2015 President, Chief Executive Officer, Member of the Board of Management

Pierpaolo Barbone

61 2015 Deputy to Chief Executive Officer, President of Services, Executive Vice President, Member of the Board of Management

Tom Johnstone

63 2017 Deputy Chairman of the Board

Marco Wiren

52 2013 Chief Financial Officer, Executive Vice President, Member of the Board of Management

Kari Hietanen

55 2012 Executive Vice President, Corporate Relations and Legal Affairs, Company Secretary, Member of the Board of Management

Paivi Castren

60 2012 Executive Vice President, Human Resources; Member of the Board of Management

Javier Cavada Camino

43 2015 President, Energy Solutions; Executive Vice President; Member of the Board of Management

Roger Holm

46 2015 Executive Vice President, President of Marine Solutions, Member of the Board of Management

Atte Palomaki

53 2008 Executive Vice President, Communications & Branding, Member of the Board of Management

Marco Ryan

52 2016 Executive Vice President, Chief Digital Officer, Member of the Board of Management

Jukka Kumpulainen

50 Vice President, Chief Information Officer

Sari Kolu

51 Director, Compliance

Juha Hiekkanen

40 Vice President, Financial Controlling

Anu Hamalainen

53 2015 Vice President, Group Treasury and Financial Services & Support

Antti Kuokkanen

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

Vesa Riihimaki

52 2014 Vice President, Quality

Tom Unnerus

46 2017 Vice President, Corporate Internal Audit

Natalia Valtasaari

34 Director, Investor & Media Relations

Riitta Hovi

58 Deputy General Counsel, Corporate Legal Affairs

Marko Vainikka

48 Director, Corporate Relations and Sustainability

Johan Forssell

47 2017 Director

Maarit Aarni-Sirvio

65 2007 Independent Director

Kaj-Gustaf Bergh

63 2015 Independent Director

Karin Falk

53 2017 Independent Director

Risto Murto

55 2014 Independent Director

Markus Rauramo

50 2011 Independent Director

Biographies

Name Description

Mikael Lilius

Mr. Mikael Lilius has been Independent Chairman of the Board of Directors at Wartsila Oyj Abp since March 3, 2011. Previously, he has been 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 and Metso Corporation (Chairman of the Board) Evli Bank Ltd. (Member of the Board) and Ab Kelonia Oy (Member of the Supervisory Board). Mr. Lilius holds a Bachelor of Science degree in Economics from HANKEN - Svenska handelshogskolan.

Jaakko Eskola

Mr. Jaakko Eskola has been President, Chief Executive Officer and Member of the Board of Management at Wartsila Oyj Abp since 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 is Member of the Board of The Federation of Finnish Technology Industries and The Finnish Foundation for Share Promotion. Mr. Eskola holds Master of Science degree in Engineering.

Pierpaolo Barbone

Mr. Pierpaolo Barbone has been Deputy to Chief Executive Officer, President of Services, Executive Vice President and Member of the Board of Management of Wartsila Oyj Abp since November 1, 2015. He was President of Services, Executive Vice President and Member of the Board of Management of the Company from October 1, 2013. 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 Master of Science degree in Engineering.

Tom Johnstone

Mr. Tom Johnstone, CBE has been Deputy Chairman of the Board of Wartsila Oyj Abp since March 2, 2017. He has been Director of the Company since March 5, 2015. He is Member of the Remuneration 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 as Chairman of the Board of British Swedish Chamber of Commerce, Combient AB and Husqvarna AB and Member of the Board of Investor AB and Volvo Cars.

Marco Wiren

Mr. Marco Wiren has been Chief Financial Officer, Executive Vice President and Member of the Board of Management of 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 Chief Financial Officer 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 Corporation. He holds Master of Science degree in Economics.

Kari Hietanen

Mr. Kari Hietanen has been Executive Vice President, Corporate Relations and Legal Affairs, Company Secretary and Member of the Board of Management of Wartsila Oyj Abp since January 1, 2012. He was Executive Vice President of Legal Affairs and Human Resources, Member of the Board of Management and Company Secretary at the Company from 2002. 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 Member 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) and Member of International Trade Committee, Finland Chamber of Commerce / ICC Advisory Board, ICC Finland. He also serves as 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, 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 is Chairman of the Committee of Education and Employment of The Federation of Finnish Technology Industries; Chairman of the Board of Wilhelm Wahlforss Foundation and Member of the IMD Executive Education Advisory Council. She holds Master of Science degree in Social Sciences.

Javier Cavada Camino

Mr. Javier Cavada Camino no longer serves as President, Energy Solutions and Executive Vice President, Member of the Board of Management at Wartsila Oyj Abp, effective as of September 30, 2018 at the latest. He has held this position 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 Doctorate in Philosophy degree in Engineering.

Roger Holm

Mr. Roger Holm has been Executive Vice President, President of Marine Solutions and Member of the Board of Management at Wartsila Oyj Abp since 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 holds a Master of Science degree in Economics.

Atte Palomaki

Mr. Atte Palomaki has been Executive Vice President, Communications & Branding and Member of the Board of Management 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 Taloudellinen Tiedotustoimisto TAT (Economic Information Office), European Association of Communication Directors (EACD) and Management Group of the Finland Promotion Board. Mr. Palomaki holds a Master of Science degree in Politics.

Marco Ryan

Mr. Marco Ryan has been Executive Vice President, Chief Digital Officer and Member of the Board of Management of Wartsila Oyj Abp since September 26, 2016. He previously worked at Flint Group, Interim Chief Digital Officer, 2016; Thomas Cook Group, Chief Digital Officer, 2013-2015; Thomas Cook Touristik GMbH, Managing Director Omnichannel, 2013-2014; Accenture Interactive, Managing Director (ASEAN), 2011-2013; Premier Farnell Plc, Senior Vice President eCommerce and Digital, 2006-2011; Capgemini Consulting, Executive Consultant, 2001-2006; Interactive Collector Plc, VP Interactive Services, 1999-2001; Telematix and Keyhaven Ltd, Managing Director, 1997-1999; British Army, Officer with various management and operational roles, 1985-1997.He holds Bachelor of Science (IM) degree.

Jukka Kumpulainen

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

Sari Kolu

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

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 been Vice President, Group Treasury and Financial Services & Support at Wartsila Oyj Abp since 2015. Before that, she was Vice President of Group Control at the Company from 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.

Antti Kuokkanen

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

Vesa Riihimaki

Mr. Vesa Riihimaki has been Vice President, 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 at 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.

Tom Unnerus

Mr. Tom Unnerus has been Vice President, Corporate Internal Audit at Wartsila Oyj Abp since 2017. He holds 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 at 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.

Johan Forssell

Mr. Johan Forssell has been Director of Wartsila Oyj Abp since March 2, 2017. He holds Master of Science in Economics and Business Administration. He is President and CEO of Investor AB. He previously worked at Investor AB, Head of Core Investments and Member of the Management Group, 2006-2015; Investor AB, Project Director, 2014; Aleris AB, Head of Research, 2003-2006; Investor AB, Head of Capital Goods and Healthcare sector, 2001-2003; Investor AB, Head of Capital Goods sector and Analyst, 1995-1999. He is Member of the Boards of Atlas Copco, EQT AB, Epiroc AB and Patricia Industries.

Maarit Aarni-Sirvio

Ms. Maarit Aarni-Sirvio has been 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 Member of the Board of Directors’ Institute of Finland – Hallitusammattilaiset ry and ecoDa (the European Confederation of Directors Associations). She also serves as Chairman of the Board of Finland National Committee for UN Women. She previously was Member of the Board of Berendsen plc (2004-2017), Rautaruukki Oyj (2005-2012), Ponsse Oyj (2007-2010) and Vattenfall AB, Sweden (2004-2007). Ms. Aarni-Sirvio holds Master of Science degree in Technology and 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 was Independent Deputy Chairman of the Board from 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 Stockmann plc, Ramirent Group and JM AB. He acts as Chairman of the Boards of Directors at Julius Tallberg Oy Ab, Mercator Invest Ab 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 Sponda Oyj (2013-2017), Stockmann plc (2014-2016), 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.

Karin Falk

Ms. Karin Falk has been Independent Director at Wartsila Oyj Abp since March 2, 2017. She holds Bachelor of Science in Economics. She serves as Senior Vice President Volvo Trucks Services & Customer Quality. Previously, she worked at Volvo Group, Executive Vice President, Corporate Strategy & Brand Portfolio 2012-2016; Volvo Group, President, Non-Automotive Purchasing 2008-2012. Volvo Car Corporation, Vice President, Volvo Car Customer Service 2006-2008; Volvo Car Corporation, President, Volvo Car Special Vehicles 2001-2006; Various positions within Volvo Cars and Volvo Group 1988-2001. She is Member of the Board of Volvo Group Venture Capital.

Risto Murto

Mr. Risto Murto has been 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 as Chairman of the Board at University of Oulu and The Finnish Pension Alliance TELA; and Sampo plc as Member of the Board. He holds a Doctorate in Philosophy degree in Economics.

Markus Rauramo

Mr. Markus Erdem Rauramo has been 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 Chief Financial Officer and Member of the Fortum Executive Management Team. He was previously Executive Vice President, City Solutions Division at Fortum Corporation 2016-2017; Executive Vice President, Heat, Electricity Sales and Solutions Division at Fortum Corporation from 2014 to 2016; 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 Board of Teollisuuden Voima Oyj. He holds Master of Science degree (Economics and Political History).