Wärtsilä’s President and CEO Ole Johansson to retire

Wärtsilä Corporation
  • Stock exchange release
28 January 2011 at 10:40 AM E. Europe Standard Time


The President and CEO of Wärtsilä Corporation, Mr Ole Johansson, has decided to retire after turning 60 years of age in June, using the right stipulated in his executive contract. The exact timing of his retirement will be announced later. Also, Mr Johansson will not be available to continue in his position as a member of the Wärtsilä Board of Directors. Wärtsilä’s Board of Directors has started the process to appoint a successor for Mr Johansson.

Ole Johansson has worked in various managerial positions in Wärtsilä since 1975, and as the President and CEO since 2000.

For further information, please contact:

Mr Antti Lagerroos
Chairman of the Board of Directors
Wärtsilä Corporation
Tel +358 50 5654401
antti.lagerroos@wartsila.com

Mr Atte Palomäki
Group Vice President, Communications & Branding
Wärtsilä Corporation
Tel +358 10 7095599
atte.palomaki@wartsila.com

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2010, Wärtsilä’s net sales totalled EUR 4.6 billion with approximately 17,500 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com

© 2016 Wärtsilä