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Changes in management

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The following appointments have been made to the Board of Management of Wärtsilä Corporation during the review period January-December 2018:

Mr Marco Wirén (52), M.Sc. (Econ.), was appointed President of Energy Solutions, Executive Vice President, and a member of the Board of Management of Wärtsilä Corporation, effective from 1 October 2018. In this position, he is responsible for Wärtsilä's Energy Solutions business globally, and will report to President & CEO Jaakko Eskola. He succeeds Mr Javier Cavada Camino, who left Wärtsilä to become President & CEO of the London-based energy storage company, Highview Power.

Mr Arjen Berends (50), MBA, was appointed Chief Financial Officer, Executive Vice President and a member of the Board of Management of Wärtsilä Corporation, effective from 1 October 2018. He reports to President & CEO Jaakko Eskola.

Wärtsilä’s new organisational structure, formed around two business areas that incorporate both newbuild activities and services, became operational on 1 January 2019. Roger Holm, previously President of Marine Solutions, was appointed to lead Wärtsilä Marine Business and President of Energy Solutions Marco Wirén was appointed to lead Wärtsilä Energy Business. Mr Pierpaolo Barbone (61), President of Services, EVP and Deputy to the CEO, left Wärtsilä at the end of 2018 to pursue opportunities outside the company.

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