Board of Directors

Independent of the company, dependent of significant shareholders. Born 1955, Master of Arts, Honorary Doctorate in Business Administration and Honorary Doctorate in Science. Member of the Board of Wärtsilä Corporation since 2015, Deputy Chairman of the Board since 2017.
 
Primary working experience
SKF Group, several management posts, of which the latest was President and CEO of AB SKF, 2003-2014.

Other positions of trust
British Swedish Chamber of Commerce, Combient AB and Husqvarna AB, Chairman of the Board; Investor AB, Northvolt AB, and Volvo Cars, Member of the Board

Holdings in Wärtsilä Corporation on 31.12.2019: 11,693 shares.

 

Chief Financial Officer and Member of the Fortum Executive Management Team

Independent of the company and significant shareholders. Born 1968, M.Sc. (Econ. and Pol. Hist.). Chief Financial Officer and Member of the Fortum Executive Management Team. Member of the Board of Wärtsilä Corporation since 2011.

Primary working experience
Fortum Corporation, Executive Vice President, City Solutions Division 2016-2017; Fortum Corporation, Executive Vice President, Heat, Electricity Sales and Solutions Division, 2014-2016; Fortum Corporation, Chief Financial Officer, 2012-2014; Stora Enso Oyj, CFO and Member of the Group Executive Team, 2008-2012; Stora Enso International, SVP Group Treasurer, 2004-2008; Stora Enso Oyj, VP Strategy and Investments, 2001-2004; Stora Enso Financial Services, VP Head of Funding, 1999-2001 and Enso Oyj, several financial tasks, 1993-1999

Other positions of trust
Teollisuuden Voima Oyj, Member of the Board; Uniper SE, Vice Chairman of the Supervisory Board

Holdings in Wärtsilä Corporation on 31.12.2019: 18,675 shares.

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Independent of the company and significant shareholders. Born 1953, M.Sc. (Tech.), eMBA. Member of the Board of Wärtsilä Corporation since 2007.

Primary working experience
Directors' Institute Finland – Hallitusammattilaiset ry, Secretary General, 2012-2019; Boardview Oy, Managing Director, 2012-2019; Mint of Finland Ltd., President and CEO, 2008-2010; Borealis Group, several senior positions in 1994-2008 of which the most recent were Vice President BU Phenol, 2001-2008, and Vice President BU Olefins, 1997-2001; Neste Oyj, 1977-1994

Other positions of trust
Finland National Committee for UN Women, Chairman of the Board; Korona Invest, Senior Advisor

Relevant prior positions of trust
Board memberships: Directors' Institute Finland – Hallitusammattilaiset ry, 2011-2019; ecoDa (The European Confederation of Directors’ Associations), 2012-2019; Berendsen plc, 2014-2017; Rautaruukki Oyj, 2005-2012; Ponsse Oyj, 2007-2010; Vattenfall AB, 2004-2007

Holdings in Wärtsilä Corporation on 31.12.2019: 34,503 shares

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Senior Vice President Volvo Trucks Services & Customer Quality

Independent of the company and significant shareholders. Born 1965, B.Sc. (Econ.). Senior Vice President Volvo Trucks Services & Customer Quality. Member of the Board of Wärtsilä Corporation since 2017.

Primary working experience
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; Volvo Cars and Volvo Group, various positions, 1988-2001

Other positions of trust
Volvo Group Venture Capital, Member of the Board

Holdings in Wärtsilä Corporation on 31.12.2019: 5,073 shares.

President and CEO of Investor AB

Independent of the company, dependent of significant shareholders. Born 1971, M.Sc. (Economics and Business Administration). President and CEO of Investor AB. Member of the Board of Wärtsilä Corporation since 2017.

Primary working experience
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

Other positions of trust
Atlas Copco, Epiroc AB, EQT AB and Patricia Industries, Member of the Board

Holdings in Wärtsilä Corporation on 31.12.2019: 5,073 shares.

President & CEO of Varma Mutual Pension Insurance Company

Independent of the company and significant shareholders. Born 1963, Ph.D. (Econ.). President & CEO of Varma Mutual Pension Insurance Company. Member of the Board of Wärtsilä Corporation since 2014.

Primary working experience
Varma, Executive Vice President, Investments, 2010-2013; Varma, Chief Investment Officer, Investments, 2006-2010; Opstock Ltd, Managing Director, 2000-2005; Opstock Ltd, Head of Equities and Research, 1997-2000; Erik Selin Ltd., Head of Research, 1993-1997

Other positions of trust
The Finnish Pension Alliance TELA, Finance Finland (FFI) and Sampo plc, Member of the Board

Holdings in Wärtsilä Corporation on 31.12.2019: 11,013 shares.

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