Wärtsilä structures Ship Power unit into business segments

Wartsila Corporation
  • Trade press release
26 September 2007 at 3:01 AM E. Europe Standard Time

Wärtsilä Corporation, Trade & Technical Press release, 26 September 2007

Wärtsilä’s Ship Power is in the process of reorganising into five Ship Power Business Segments: Merchant, Offshore, Cruise & Ferry, Navy, and Special Vessels. The aim is to respond better to market requirements, in terms of value proposition and technology development, as well as to be prepared for market fluctuations.

In announcing the new business structure Jaakko Eskola, Group Vice President, Ship Power, stated: “We are experiencing an unparalleled upturn in our industry, and we are enjoying record order intake levels. However, it is important that we continue to seek ways to further increase our competitive edge on the market. We believe that by creating these business segments, we can apply a stronger and more intense focus on the specific needs of our customers.”

The rollout of the new model started on July 1, 2007 and will be fully set up by the end of the year. Wärtsilä has named the following personnel to head the Ship Power business segments:

Merchant – Lars Anderson
Offshore – Magnus Miemois
Cruise & Ferry – Carl-Henrik Björk
Navy – Jaakko Eskola (acting)
Special Vessels – Fred van Beers

Other members of the new Ship Power Management Team are Henrik Wilhelms, Marketing and Sales, Timo Koponen, Finance and Control and Arne Birkeland, Ship Power Technology.

Media contact:
Marit Holmlund-Sund
Public Relations Manager
Wärtsilä Corporation
Direct tel: +358 10 709 1439
Direct fax: +358 10 709 1425
e-mail: marit.holmlund-sund@wartsila.com
Internet: www.wartsila.com


Notes to the editor:
Wärtsilä enhances the business of its customers by providing them with complete lifecycle power solutions. When creating better and environmentally compatible technologies, Wärtsilä focuses on the marine and energy markets with products and solutions as well as services. Through innovative products and services, Wärtsilä sets out to be the most valued business partner of all its customers. This is achieved by the dedication of more than 15,000 professionals manning 130 Wärtsilä locations in close to 70 countries around the world.

www.wartsila.com